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Forex News
Canadian Dollar Drops On Growth Worries
The Canadian dollar fell against its most major counterparts in the European session on Wednesday, as weak U.S. factory orders and job openings data raised concerns over a recession.
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829 days ago
European Shares Slip On Inflation, Growth Concerns
European stocks were broadly lower on Wednesday as higher oil prices and weak U.S. data rekindled recession worries.
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829 days ago
FTSE 100 Edges Higher As Services PMI Signals Recovery
U.K. stocks rose on Wednesday after a survey showed the country's services sector continued its recovery in March.
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829 days ago
CAC 40 Slides On Growth Anxiety
French stocks opened a tad lower on Wednesday as rising oil prices clouded the economic outlook.
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829 days ago
DAX Edges Lower Despite Strong Data
German stocks edged lower on Wednesday as weak U.S. data released overnight rekindled recession worries.
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829 days ago
Asian Shares Mixed In Thin Holiday Trade
Asian stocks ended mixed on Wednesday in thin trade, with China mainland and Hong Kong markets closed for a holiday.
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829 days ago
New Zealand Hikes Rate Aggressively To Combat Persistently High Inflation
Despite the weak economic activity, New Zealand's central bank lifted its benchmark rate more aggressively than expected on Wednesday, as inflation remains too high and persistent. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate by 50 basis points to 5.25 percent. Markets had expected a quarter point hike.
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829 days ago
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NZ Dollar Rises On RBNZ Surprise Rate Hike
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand raised their cash rate target by 50 basis points, more than the consensus expected.
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829 days ago
European Economic News Preview: Eurozone Final Composite PMI Data Due
Final composite Purchasing Managers' survey results from the euro area and the UK and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for February. Orders are forecast to grow 0.3 percent on a monthly basis, but slower than the 1.0 percent gain in January.
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829 days ago
European Shares Seen Tad Lower As Weak US Data Stokes Recession Worries
European stocks may open flat to slightly lower on Wednesday after weak U.S. data provided further evidence of a cooling economy.
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829 days ago
Sensex, Nifty Rise Despite Muted Global Cues; Financials Lead Surge
Indian shares opened on a positive note Wednesday despite muted cues from global markets and concerns over rising oil prices.
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829 days ago
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
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829 days ago
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, as traders cashed in on recent strength in the markets amid lingering concerns about the global economic outlook. Worries about any aggressive tightening by the US Fed faded after data showed a drop in U.S. job openings, and a slump in U.S. manufacturing activity.
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830 days ago
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