Forex News

Inditex Stock Up On Q1 Profit Growth; Sees Flat Margin In FY23

Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16..

RTTNews | 759 days ago

European Shares Slide On Growth Worries

European shares were subdued on Wednesday, as Chinese trade data came in below expectations and investors exercised caution ahead of key central bank meetings next week.

RTTNews | 759 days ago

UK Halifax House Prices Remain Flat In May

UK house prices were unchanged in May after a slight upturn in the first quarter as higher interest rates started to squeeze household budgets, results of a survey by Lloyds Bank subsidiary Halifax showed on Wednesday. House prices were stable on a monthly basis in May following a 0.4 percent fall in April, the survey revealed. That was in line with economists' expectations.

RTTNews | 759 days ago

FTSE 100 Slips As Housebuilders Drag

U.K. stocks were subdued on Wednesday as Chinese trade figures disappointed and Halifax reported the first year-on-year decline in U.K. house prices since 2012, spurring fresh concerns about the economic outlook.

RTTNews | 759 days ago

CPSC Warns Against Recalled Boppy Newborn Loungers After More Infant Deaths

The U.S. Consumer Product Safety Commission or CPSC, along with Golden, Colorado-based Boppy Co., urged consumers to stop using recalled Boppy Newborn Loungers, following reports of more infant deaths. They also asked online marketplaces to stop selling the recalled product. The company in September 2021 had recalled over 3.3 million infant lounging pillows after it was connected with deaths of 8

RTTNews | 759 days ago

CAC 40 Edges Lower On Growth Concerns

French stocks edged lower on Wednesday, with disappointing trade data from China and concerns over a possible recession in the United States keeping investors nervous ahead of key central bank meetings next week.

RTTNews | 759 days ago

DAX Slips On Weak Data

German stocks declined on Wednesday after data showed German industrial output rose less than expected in April.

RTTNews | 759 days ago

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Asian Shares Mixed As China Data Disappoints

Asian stocks turned in a mixed performance on Wednesday as Chinese trade data disappointed and investors awaited cues from key central bank meetings due next week. Official data showed Chinese exports fell 7.5 percent from a year earlier in May, marking the first drop in three months. Imports fell 4.5 percent, indicating slowing overseas demand for Chinese goods.

RTTNews | 759 days ago

European Shares To Open On Steady Note Despite Weak China Data

European stocks may open on a steady note Wednesday despite Chinese trade data coming in below forecasts.

RTTNews | 759 days ago

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 759 days ago

Sensex, Nifty See Modest Gains In Cautious Trade

Indian shares were seeing modest gains on Wednesday despite mixed cues from global markets ahead of key central bank meetings next week.

RTTNews | 759 days ago

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from global markets overnight, as traders remain cautious and apprehensive over the outlook for interest rates as they continue to look ahead to next week's US Federal Reserve monetary policy meeting. Asian markets closed mixed on Tuesday.

RTTNews | 759 days ago