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Forex News
OpenAI Raises $40 Bln In SoftBank-led Funding Round At $300 Bln Post Valuation
OpenAI announced that it has raised around $40 billion in the latest funding round led by Japan's SoftBank, valuing the ChatGPT maker at around $300 billion. OpenAI Chief Executive Sam Altman stated that the investment helps the firm push the frontier and make AI more useful in everyday life.
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57 days ago
Bay Street Likely To Open On Cautious Note
The Canadian market is likely to open on a flat to negative note on Tuesday as investors are likely to stay cautious ahead of U.S. President Donald Trump's announcement of reciprocal tariffs.
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57 days ago
Eurozone Inflation Slows To 2.2% Boosting ECB Rate Cut Speculation
Euro area inflation eased in March largely due to a slowdown in the services costs growth and strengthened the calls for further interest rate cuts from the European Central Bank. The harmonized index of consumer prices rose 2.2 percent year-on-year in March, which was slightly slower than the 2.3 percent rise in February, flash data from Eurostat showed on Tuesday. The rate matched expectations
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57 days ago
Eurozone Manufacturing Downturn Eases
Downturn in the euro area manufacturing slowed in March as output expanded for the first time in two years, signaling a recovery in the sector, final results of the latest purchasing managers' survey by S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index rose to 48.6 in March from 47.6 in the previous month. The flash score was 48.7.
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57 days ago
Euro Falls As Eurozone Inflation Slows Slightly
The euro weakened against other major currencies in the European session on Tuesday, as the soft Eurozone inflation data in March contributed to the already high expectations for another interest rate decrease by the European Central Bank later in April.
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57 days ago
FTSE 100 Moderately Higher As Stocks Recover From Recent Losses
U.K. stocks are up in positive territory Tuesday morning, mirroring gains in other markets in the region, as investors indulge in some brisk buying after recent string of losses.
The focus is currently on regional economic data. Investors are also awaiting U.S. President Donald Trump's announcement of reciprocal tariffs.
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57 days ago
Sensex Tumbles 1,390 Points On Tariff Concerns; Nifty Ends Below 23,200
Indian shares ended sharply lower Tuesday, after having opened on a firm note earlier in the day.
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57 days ago
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CAC 40 Up More Than 1%
French stocks are mostly higher Tuesday morning, coming back strongly after recent losses even as investors await U.S. President Donald Trump's announcement of reciprocal tariffs. For now, investors' focus is on regional economic data.
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57 days ago
DAX Rises 1.4% As Investors Focus On Economic Data
Despite lingering uncertainty about tariffs, German stocks are up firmly in positive territory on Tuesday, rebounding after four successive days of declines.
Investors are digesting regional business activity data, euro area unemployment report, and the preliminary report on Eurozone inflation.
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57 days ago
European Shares Climb Ahead Of US Tariffs Deadline
European stocks rebounded on Tuesday ahead of U.S. President Donald Trump's reciprocal tariffs rollout.
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57 days ago
Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Tuesday.
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57 days ago
Asian Shares Climb Ahead Of New US Tariffs
Asian stocks ended mostly higher on Tuesday, after having suffered heavy losses in the previous session on worries about the impact of a trade war on global growth.
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57 days ago
Australia Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
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57 days ago
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