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Forex News
Swiss Market Ends On Firm Note
The Switzerland stock market ended on a firm note on Friday, in line with a largely positive trend in Europe amid optimism about more surplus from the Chinese government to revive the world's second largest economy.
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699 days ago
European Stocks Close Higher On Encouraging Eurozone Inflation Data
European stocks closed higher on Friday, buoyed by data showing a sharp deceleration in eurozone inflation in May, and on optimism about further stimulus from China to spur growth in the world's second largest economy.
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699 days ago
U.S. Consumer Sentiment Improves Much More Than Expected In June
A report released by the University of Michigan on Friday showed U.S. consumer sentiment has improved by much more than expected in the month of June. The University of Michigan said is consumer sentiment index climbed to 63.9 in June from 59.2 in May. Economists had expected in the index to inch up to 60.0.
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699 days ago
Pound Appreciates Amid Risk Appetite
The pound climbed against its major rivals in the European session on Friday, as a slew of economic data released overnight prompted traders to reassess rate outlook.
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699 days ago
Steel Dynamics Guides Q2 Earnings Well Above Estimates
Steel producer Steel Dynamics Inc. (STLD) on Friday provided its earnings guidance for the second quarter, well above analysts' estimates.
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699 days ago
Eurozone Inflation Eases As Estimated
Eurozone inflation slowed to a 15-month low in May due to the fall in energy prices, final data from Eurostat confirmed on Friday. The harmonized index of consumer prices increased 6.1 percent year-on-year in May, weaker than the 7.0 percent rise in April. This was the lowest rate since February 2022, when inflation was 5.9 percent.
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699 days ago
Sensex, Nifty Climb On Firm Global Cues
Indian shares rose notably on Friday and the rupee rose above the crucial 82 per dollar mark, as the dollar weakened in international markets following hawkish comments from ECB President Christine Lagarde in the previous session.
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699 days ago
more news
Foxconn Plans To Make Electric Vehicles
Foxconn, Apple's key iPhone assembler with major operations in China, is planning to venture into making of electric vehicles, BBC reported following an interview with chairman and boss Young Liu. The Taiwanese firm, which is moving some supply chains out of China amid increased tensions between US and China, considers electric vehicles as the next growth targets.
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699 days ago
European Shares Climb After Inflation Data
European stocks were moving higher on Friday after final data from Eurostat showed the region's consumer inflation sharply decelerated in May.
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699 days ago
FTSE 100 Edges Higher In Cautious Trade
U.K. stocks were trading higher on Friday ahead of Eurozone inflation data due out later in the day and the Bank of England rate decision due next week.
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699 days ago
CAC 40 Gains On China Stimulus Hopes
French stocks opened higher on Friday amid hopes that China will unveil more economic stimulus measures to kickstart its ailing economy.
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699 days ago
DAX Gains Ahead Of Eurozone Inflation Data
German stocks traded higher on Friday following a hawkish pause from the U.S. Federal Reserve and a 25-basis-point rate hike by the European Central Bank this week.
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699 days ago
Asian Shares Rise As Bank Of Japan Keeps Ultra-low Rates
Asian stocks rose broadly on Friday as the Bank of Japan maintained ultra-low interest rates and reports suggested that Beijing officials are stepping up plans to jump-start China's recovery.
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699 days ago
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