Forex News

FTSE 100 Rises Led By Banks

FTSE 100 Rises Led By Banks

U.K. stocks advanced on Monday after falling sharply last week on worries about a recession and bets of bigger interest-rate hikes from major central banks.
RTTNews | 1075 days ago
U.S. Dollar Lower In Cautious Trade

U.S. Dollar Lower In Cautious Trade

The U.S. dollar weakened against its major counterparts in the Asian session on Monday, on growing fears about a slowdown in the economy in the wake of sharper rate hikes by the U.S. Federal Reserve.
RTTNews | 1075 days ago
DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks edged up slightly on Monday after a brutal sell-off last week on concerns over rising inflation and slowing global growth.
RTTNews | 1075 days ago
Asian Shares Slide On Inflation, Growth Worries

Asian Shares Slide On Inflation, Growth Worries

Asian stocks fell broadly on Monday despite Wall Street's positive close on Friday. A cautious undertone prevailed due to lingering concerns over inflation and growth.
RTTNews | 1075 days ago
China Refrains From Rate Cut Despite Economic Challenges

China Refrains From Rate Cut Despite Economic Challenges

China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance of global central banks and pose a threat of capital outflow. After a reduction in May, the People's Bank of China left the five-year loan prime rate or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent.
RTTNews | 1075 days ago
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European Economics Preview: Germany Producer Price Data Due

European Economics Preview: Germany Producer Price Data Due

Producer prices data from Germany is due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to issue Germany wholesale prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
RTTNews | 1075 days ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, dragged by materials and energy stocks amid tumbling crude oil prices, Traders also remain concerned that aggressive monetary tightening by major central banks to cool inflation could lead to a slowdown in global growth. Asian markets closed mixed on Friday.
RTTNews | 1075 days ago
Sensex, Nifty Set To Follow Global Peers Lower

Sensex, Nifty Set To Follow Global Peers Lower

Indian shares look set to open lower on Monday, with PSU banks likely to be in focus ahead of a review of large non-performing assets. Global cues remain weak as recession worries mount.
RTTNews | 1075 days ago

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