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CAC 40 Rises As Services Sector Contracts Slowly In March
French stocks rose on Thursday after a survey showed the contraction in France's services sector was not as bad as first estimated in March. The final services PMI came in at 48.3 versus 47.8 expected.
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DAX Gains Ahead Of ECB Minutes Release
German stocks traded slightly higher on Thursday ahead of the release of the region's February producer price data and minutes from the European Central Bank's latest policy meeting.
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Asian Shares Inch Higher In Thin Holiday Trade
Asian stocks rose in thin holiday trade on Thursday, with China, Taiwan and Hong Kong markets closed for a public holiday.
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Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Thursday.
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Antipodean Currencies, Euro Strengthens Amid Risk Appetite
The antipodean currencies such as the Australia and the New Zealand dollars, and the euro strengthened against their major counterparts in the Asian session on Thursday, as Asian stock markets traded higher, as traders reacted to the latest remarks from U.S. Fed officials that helped ease recent concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that the central bank is not in a hurry to begin lowering interest rates, but reaffirmed his view that they will likely cut interest rates this year.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Thursday.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Thursday.
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more news
European Economic News Preview: Eurozone Final Composite PMI Data Due
Final composite Purchasing Managers' survey results from the euro area and the UK and minutes of the monetary policy meeting from the European Central Bank are the top economic news due on Thursday. At 2.30 am ET, the Federal Statistical Office publishes Swiss consumer prices for March. Inflation is forecast to rise slightly to 1.3 percent from 1.2 percent in the previous month.
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AT&T Commits Addl. $3 Bln By 2030 To Narrow Digital Divide
Aiming to help close the digital divide among millions in the United States, telecom major AT&T Inc. announced its commitment of an additional $3 billion by 2030 for providing internet services and digital literacy resources. The total commitment since 2021 reaches $5 billion that will help 25 million people get and stay connected to affordable, high-speed internet access by 2030.
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European Shares Likely To Open On Steady Note
European stocks may open flat to slightly higher on Thursday amid bets that policymakers at the Fed, ECB and BOE will cut rates at their June meetings.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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Sensex, Nifty Marginally Lower In Early Trade
Indian shares were slightly lower on Thursday amid worries that a resilient U.S. economy may prompt the Federal Reserve to limit the scale of interest-rate cuts this year.
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Asian Markets Trade Mostly Higher
Following the mostly positive cues from global markets overnight, Asian stock markets are trading mostly higher on Thursday, as traders reacted to the latest remarks from US Fed officials that helped ease recent concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that the central bank is not in a hurry to begin lowering rates.
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