Forex News

JPMorgan Q3 Profit Up 35%, Results Top Estimates

US investment bank JPMorgan Chase reported Friday a profit for the third quarter that grew 35 percent from last year, driven by lower provision for credit losses and higher net interest income. Both earnings per share and revenues for the quarter topped analysts' expectations.
RTTNews | 590 days ago
JPMorgan Chase Q3 Results Top Estimates

JPMorgan Chase Q3 Results Top Estimates

US investment bank JPMorgan Chase & Co. (JPM) reported Friday that net income for the third quarter increased to $13.15 billion or $4.33 per share from $9.74 billion or $3.12 per share in the prior-year quarter.
RTTNews | 590 days ago
China Inflation Data Raises Risk Of Deflation; Exports Fall

China Inflation Data Raises Risk Of Deflation; Exports Fall

Reinstating the risk of deflation, China's consumer prices remained flat in September and producer prices continued to decline, official data revealed on Friday. Foreign trade data from the General Administration of Customs showed that exports declined again in September amid falling prices and subdued global demand. The consumer price index, or CPI, remained unchanged on a yearly basis.
RTTNews | 590 days ago
Sensex, Nifty End Lower On Middle East Tensions

Sensex, Nifty End Lower On Middle East Tensions

Indian shares ended Friday's session slightly lower as weak China data revived fears of a global slowdown and heightened geopolitical tensions in the Middle East sent oil prices soaring.
RTTNews | 590 days ago
European Shares Decline Due To Global Uncertainties

European Shares Decline Due To Global Uncertainties

European stocks edged lower on Friday as stronger-than-expected U.S. inflation data revived Fed rate hike bets and new data from China pointed to persistent deflationary pressures in the world's second-largest economy.
RTTNews | 590 days ago
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CAC 40 Slides On Inflation Concerns

CAC 40 Slides On Inflation Concerns

French stocks traded lower on Friday after an upside revision to September inflation. According to final figures from the INSEE statistics body, the inflation figure, on an EU-harmonized basis, has been revised up to 5.7 percent from the preliminary figure of 5.6 percent.
RTTNews | 590 days ago
DAX Drifts Lower As Middle East Tensions Escalate

DAX Drifts Lower As Middle East Tensions Escalate

German stocks edged lower on Friday as stronger-than-expected U.S. inflation data revived bets for one more U.S. rate hike this year. Also, China's consumer prices faltered in September and factory-gate prices shrank slightly faster than expected - fanning concerns about persistent deflationary pressures in the world's second-largest economy.
RTTNews | 590 days ago
Singapore Central Bank Keeps Policy Unchanged

Singapore Central Bank Keeps Policy Unchanged

Singapore central bank kept its monetary policy unchanged on Friday as the current setting is assessed to be 'sufficiently tight' to dampen imported inflation and curb domestic cost pressures. The Monetary Authority of Singapore, or MAS, decided to maintain the prevailing rate of appreciation of the S$NEER policy band. There will be no change to its width and the level at which it is centered.
RTTNews | 590 days ago
NZ Dollar Falls Amid Risk Aversion

NZ Dollar Falls Amid Risk Aversion

The New Zealand dollar weakened against other major currencies in the Asian session on Friday amid risk aversion, as traders look to book some profits to take advantage of the recent strength in the markets. Traders also reacted to data showing a slightly bigger than expected increase in U.S. consumer prices that raised concerns about interest rates.
RTTNews | 590 days ago
European Economic News Preview: Eurozone Industrial Output Data Due

European Economic News Preview: Eurozone Industrial Output Data Due

Industrial production from the euro area is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden publishes consumer price data for September. Inflation is forecast to ease to 6.3 percent from 7.5 percent in August.
RTTNews | 590 days ago

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