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Bank Of England Cuts Key Rate By 25 Bps Amid Trade Tariff Concerns
The Bank of England reduced its interest rate by a quarter-point on Thursday, as policymakers judged that higher trade tariffs warrant such action amid slowing inflation. In a three-way split, the Monetary Policy Committee, governed by Andrew Bailey, lowered the bank rate to 4.25 percent. This was the fourth such reduction since last August.
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88 hari yang lalu
Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions
The Indian rupee weakened against the U.S. dollar in the European session on Thursday, as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk.
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88 hari yang lalu
Bay Street May Open With Positive Bias
Canadian shares are likely to open with a positive bias on Thursday in reaction to reports that the U.S. and U.K. have agreed on a trade deal. Investors will also be reacting to a slew of corporate earnings announcements, and the Bank of England's interest rate move.
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88 hari yang lalu
Pound Recovers After BoE Monetary Policy Announcement
The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday, after the Bank of England decided to reduce its interest rate by 25 basis points in a three-way split.
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88 hari yang lalu
U.S. Labor Productivity Pulls Back More Than Expected In Q1
The Labor Department released a report on Thursday showing a pullback by U.S. labor productivity in the first quarter of 2025 along with a sharp increase by unit labor costs.
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U.S. Weekly Jobless Claims Dip To 228,000
First-time claims for U.S. unemployment benefits saw a modest decline in the week ended May 3rd, according to a report released by the Labor Department on Thursday.
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88 hari yang lalu
Pound Recovers Against Majors
The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday.
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88 hari yang lalu
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FTSE 100 Modestly Higher Ahead Of BoE Policy Announcement
U.K. stocks are modestly higher on Thursday as investors await the Bank of England's monetary policy announcement later in the day. Optimism about U.S. agreeing on a trade deal with a major country is also aiding sentiment.
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88 hari yang lalu
CAC 40 Up More Than 1%
After three successive days of losses, the French market is gaining some notable ground in positive territory on Thursday thanks to rising optimism about a trade deal.
Investors, digesting recent corporate earnings updates, and the Federal Reserve's policy announcement, are also awaiting the monetary policy announcements from the Bank of England.
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88 hari yang lalu
Sensex, Nifty Decline As Tensions Rise With Pakistan
Indian shares closed Thursday's session lower as growing concerns over escalating India-Pakistan tensions curbed investors' appetite for risk.
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88 hari yang lalu
DAX Rises Nearly 300 Points On Results, Trade Deal Hopes
German stocks are up sharply on Thursday thanks to some upbeat earnings announcements and easing concerns about tariff tensions. Investors are also looking ahead to the monetary policy announcements from the Federal Reserve and the Bank of England.
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88 hari yang lalu
Philippine Economy Expands Less Than Forecast
The Philippine economy logged a weaker-than-expected growth at the start of the year on lower net exports even ahead of the implementation of trade tariffs, official data showed on Thursday. Gross domestic product grew 5.4 percent year-on-year in the first quarter, which was slightly faster than the 5.3 percent rise in the preceding period, the Philippine Statistics Authority reported.
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88 hari yang lalu
U.S. Dollar Rises Amid U.S. Trade Deal Optimism
The U.S. dollar strengthened against other major currencies in the European session on Thursday, after U.S. President Donald Trump said he would announce "a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY," without giving further details.
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88 hari yang lalu
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