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Forex News
TSX Rises Past 25k Mark, Ends 1.5% Up
The Canadian market ended on a buoyant note on Wednesday with its benchmark S&P/TSX Composite Index climbing past 25,000 mark thanks to strong gains in technology, consumer staples, energy and financials sectors.
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66 days ago
Swiss Market Ends Marginally Down
Save for a few minutes around mid morning, and for a brief while in the final hour, the Switzerland market remained in negative territory on Wednesday as investors stayed reluctant to make significant moves ahead of policy announcements from the Federal Bank and Swiss National Bank.
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66 days ago
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday with investors largely making cautious moves ahead of the Federal Reserve's policy announcement. Geopolitical tensions and worries about outlook for growth due to U.S. tariffs and threats of more levies weighed on sentiment.
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66 days ago
Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year
In an almost universally expected move, the Federal Reserve on Wednesday announced its decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
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66 days ago
U.S. Dollar Higher Ahead Of Fed Decision
The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, ahead of the Federal Reserve's monetary policy announcement, due shortly.
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66 days ago
Canadian Market Up Firmly In Positive Territory; Technology Stocks Up Sharply
The Canadian market is up firmly in positive territory in early afternoon trades on Wednesday with stocks from technology, energy and consumer staples sectors moving higher on strong buying support.
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66 days ago
Vonovia FY24 Net Loss Narrows; Sees Growth Ahead
German real estate major Vonovia SE reported Wednesday a net loss in its fiscal 2024, but significantly narrower than last year, mainly with growth in revenues. The company also announced higher dividend, and its fiscal 2025 outlook, expecting higher adjusted EBITDA, a key earnings metric. The company added that it is very confident as it looks ahead to this year and beyond, with the development..
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66 days ago
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FDA Launches Operation Stork Speed To Review Infant Formulas
The U.S. Food and Drug Administration, along with the U.S. Department of Health and Human Services or HHS, launched an initiative to expand options for safe, reliable, and nutritious infant formula, the sole source of nutrition for infants as an alternative to human milk. Under the leadership of U.S. Health Secretary Robert F. Kennedy Jr., the initiative, named "Operation Stork Speed,"...
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66 days ago
Eurozone Inflation Eases To 2.3%
Eurozone inflation eased more than initially estimated to a three-month low in February, as sluggish economic activity impeded price pressures, official data revealed on Wednesday. The harmonized index of consumer prices rose 2.3 percent on a yearly basis in February, slower than the 2.5 percent increase in January, final data from Eurostat showed. The February rate was revised down from 2.4 perc
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66 days ago
Bay Street Likely To Open Slightly Higher
Canadian shares are likely to open slightly higher on Wednesday. The mood is likely to remain cautious as market awaits the Federal Reserve's monetary policy announcement later in the day.
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66 days ago
Euro Slides As European Shares Subdued Ahead Of Fed Verdict
The euro weakened against other major currencies in the European session on Wednesday, as European stocks were subdued after rising in the previous session on Germany's approval for a massive spending surge.
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66 days ago
FTSE Drifts Lower Ahead Of Crucial Central Banks Meetings
The U.K. stock market is down marginally a little before noon on Wednesday with investors largely making cautious moves after five successive days of gains. The focus is on the Federal Reserve's monetary policy announcement due later in the day, and the Bank of England's monetary policy meeting on Thursday.
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66 days ago
Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Wednesday.
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66 days ago
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