Forex News

DAX Drops As Monetary Policy Concerns Weigh

The DAX benchmark of the Frankfurt bourse drifted lower as caution ahead of the series of monetary policy reviews lined up over the next few days weighed on sentiment.

RTTNews | 755 days ago

European Markets Trading Lower Amid Recovery Concerns

European shares are weak in the mid-day trading on Friday, despite broadly higher movement in Asian markets and positive cues from Wall Street overnight. Investors remain concerned over Chinese consumer inflation that contracted in May from the prior month. The National Bureau of Statistics reported that factory gate prices declined the most in more than seven years, leaving the door open...

RTTNews | 755 days ago

Asian Stocks Rise As Weak Jobs Data From U.S. Lifts Rate Pause Hopes

Asian markets finished trading on a positive note, buoyed by the rally in Wall Street a day earlier in cognizance of the weak jobs data.

RTTNews | 755 days ago

China Weak Inflation & Falling Factory Gate Prices Keep Door Open For Policy Easing

China's consumer price inflation increased in May but remained very weak and factory gate prices declined the most in more than seven years, leaving the door open for monetary policy easing to support the struggling economy. Consumer price inflation rose to 0.2 percent in May from 0.1 percent in the previous month, the National Bureau of Statistics said Friday. However, this was slower than the

RTTNews | 756 days ago

Yen Falls Amid Risk Appetite

The Japanese yen weakened against other major currencies in the Asian session on Friday, as investor sentiment improved. There has been broadly positive cues from Wall Street overnight, on easing concerns over the outlook for interest rates after report showing initial jobless claims in the U.S. increased by much more than expected last week. The data added to optimism that the U.S. Fed will pause its interest rate hikes.

RTTNews | 756 days ago

Indian Rupee Climbs 4-day High Against U.S. Dollar

The Indian rupee firmed against the U.S. dollar on Friday, as risk sentiment improved on growing hopes for a rate pause from the U.S. Federal Reserve next week.

RTTNews | 756 days ago

European Markets Seen Opening Firm Amidst Rising Hopes Of Fed's Pause

Markets in Europe are expected to open on a strong note on Friday amidst renewed hopes of a pause by the Federal Reserve in the review next week, following the surge in the initial jobless claims.

RTTNews | 756 days ago

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Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.

RTTNews | 756 days ago

European Economic News Preview: Italy Industrial Production Data Due

Industrial production from Italy is the only major statistical report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is scheduled to issue consumer price data for May. Consumer price inflation is forecast to slow to 6.2 percent from 6.4 percent in April.

RTTNews | 756 days ago

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Friday, following the positive cues from Wall Street overnight, on easing concerns over the outlook for interest rates after report showing initial jobless claims in the U.S. increased by much more than expected last week. The data seems to have added to optimism that the US Fed will pause its interest rate hikes. Asian markets ended mixed on Thursday.

RTTNews | 756 days ago

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Friday, recouping the losses in the previous two sessions, with the benchmark Nikkei 225 moving above the 32,100 level to climb back toward fresh 33-year highs, following the broadly positive cues from Wall Street overnight, boosted by gains across most sectors, led by technology and financial stocks.

RTTNews | 756 days ago

Higher Open Predicted For Thai Stock Market

The Thai stock market has moved higher in two straight sessions, jumping more than 30 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,560-point plateau and it's got a firm lead again for Friday's trade.

RTTNews | 756 days ago