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Forex News
Indian Rupee Off Record Low Against U.S. Dollar
The Indian rupee rebounded from a record low against the U.S. dollar in the evening session on Friday.
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565 days ago
Allianz Q3 Profit Down, Backs FY23 View; Stock Up
German financial services major Allianz SE reported Friday weak profit in its third quarter, despite higher revenues. The company further confirmed its fiscal 2023 outlook. Shares of Allianz were gaining more than 2 percent in the morning trading in Germany.
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565 days ago
Sensex, Nifty End Modestly Higher After Fag-end Buying
Indian shares reversed course to end slightly higher on Friday despite weak cues from Asian and European markets.
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565 days ago
European Shares Slip Into Red On Rate Hike Worries
European stocks fell on Friday as hawkish comments from Fed, ECB and BoE officials dented hopes that interest rate hikes are finished.
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565 days ago
UK Economy Stalls In Q3 As High Inflation Hurts
The UK economic output stagnated in the third quarter as higher interest rates damped spending and investment, though the economy likely escaped a recession this year. Gross domestic product posted nil growth in the third quarter after expanding 0.2 percent in the preceding period, data from the Office for National Statistics revealed. The result was better than the expected fall of 0.1 percent.
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565 days ago
FTSE 100 Declines As GDP Flatlines In Q3
U.K. stocks fell sharply on Friday after data showed the U.K. economy failed to grow between July to September but avoided the start of a recession.
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565 days ago
CAC 40 Slides As Hopes Of Rate Cuts Fade
French stocks declined on Friday as a jump in bond yields following hawkish comments from Fed and ECB officials weighed on investors' appetite for risk.
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565 days ago
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DAX Slips On Hawkish Fed
German stocks traded lower on Friday after Federal Reserve Chair Jerome Powell said the U.S. central bank might raise rates again if deemed appropriate.
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565 days ago
Asian Shares Retreat As Yields Climb On Powell Comments
Asian stocks declined on Friday as a jump in U.S. bond yields following a weak Treasury auction coupled with Fed Chair Jerome Powell's cautious comments on the rate hike path dashed expectations of a peak in U.S. interest rates.
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565 days ago
Antipodean Currencies Fall Amid Risk Aversion
The Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid risk aversion, as traders react to the hawkish remarks by U.S. Fed Chair Jerome Powell that the central bank "will not hesitate" to resume raising interest rates if it becomes appropriate. The surge in Treasury yields also weighed on the markets.
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565 days ago
Textron, Polaris Recall Off Highway, Off-Road Vehicles
The U.S. Consumer Product Safety Commission or CPSC announced various vehicle recalls by Textron Specialized Vehicles and Polaris all manufactured domestically, mainly citing crash hazard. Textron has recalled about 6,800 units of Arctic Cat and Tracker Side by Side Recreational Off Highway Vehicles or ROVs, as well as about 1,660 units of E-Z-GO PTV And Tracker OX EV Vehicles.
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565 days ago
European Economic News Preview: UK GDP Data Due
Quarterly national accounts, industrial production and foreign trade figures from the UK are due on Friday. At 2.00 am ET, the Office for National Statistics releases UK GDP for the third quarter, industrial output and external trade data. The economy is forecast to shrink 0.1 percent sequentially after expanding 0.2 percent in the preceding period.
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565 days ago
European Shares May See Cautious Start As Rate Worries Cloud Outlook
European stocks are seen opening lower on Friday after Wall Street's main indexes closed notably lower overnight on interest-rate concerns.
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565 days ago
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