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Forex News
FTSE 100 Hesitant Amidst The Inflation Surprise
FTSE 100 of the London Stock Exchange edged lower and traded in the red zone amidst a positive surprise on the inflation front.
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821 days ago
CAC-40 Leads The European Rally
The CAC-40 led gains in the European region with a surge of close to 1 percent, as relief at the CPI in U.K. cooling more-than-expected to 10.1 percent offset anxiety lingering ever since U.S. inflation declined less-than-expected to 6.4 percent.
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821 days ago
Barclays Stock Down On Weak Q4, FY22 Profits
Shares of Barclays Plc were losing around 9 percent in the early morning trading in London as well as in pre-market activity on the NYSE after the British banking major reported Wednesday lower profit in its fourth quarter and fiscal 2022 on charges. However, income and net interest income improved as weakness in Corporate and Investment Bank segment was offset by strong growth in Consumer, Cards.
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821 days ago
DAX Rises Amidst U.K.'s Inflation Surprise
The DAX benchmark of the Frankfurt bourse moved higher on Wednesday amidst relief following the more-than-expected dip in inflation in the U.K.
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821 days ago
Indonesia Trade Surplus Grows On Exports Surge
Indonesia's trade surplus increased markedly at the start of the year, as exports grew more rapidly than imports, figures from Statistics Indonesia showed on Wednesday. The trade surplus rose to $3.87 billion in January from $0.96 billion in the same month last year. Exports logged a double-digit annual growth of 16.37 percent yearly in January.
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821 days ago
Asian Stocks Decline As U.S. CPI Renews Fed Fears
Asian markets lost further on Wednesday as markets weighed the risk of sticky inflation on central banks' monetary policy and the likelihood of economic recession, following the release of the latest CPI numbers from the U.S. Data from the U.S. on Tuesday had shown that inflation cooled in January, but less than what markets had expected.
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821 days ago
RBNZ Set To Hike Rates By 25 Bps In April & May
New Zealand's central bank is likely to spread out its interest rate hikes over the next few meetings amid softer than expected data, and rate cuts may be on the horizon before year-end, according to a Capital Economics economist. The Reserve Bank of New Zealand is set to raise rates by 75 basis points at the upcoming meeting on February 22, as policymakers signaled in November.
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821 days ago
more news
Inflation Angst Seen Dragging European Benchmarks
Markets in Europe are expected to open on a weak note on Wednesday as investors weigh the less-than-expected drop in inflation in the U.S. and the fears of a potentially painful and prolonged recession. Hawkish comments from Fed and ECB officials could also weigh on market sentiment.
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821 days ago
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for January. Consumer price inflation is forecast to ease to 10.3 percent from 10.5 percent in December.
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821 days ago
Shirakiku Brand Spice Seasoning Products Recalled
Santa Fe Springs, California-based Wismettac Asian Foods, Inc. is recalling Shirakiku brand Spice Seasoning products citing undeclared allergens due to incorrect packaging, the U.S. Food and Drug Administration said. The recall involves Spice Ichimi Togarashi 300g and Spice Shichimi Togarashi 300g. The product package of Ichimi spice seasoning contains Shichimi spice seasoning contents.
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821 days ago
FSIS Warns Against Raw, Ready-To-Cook Stuffed Chicken Products
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Tampa Bay Fisheries Inc.'s raw, ready-to-cook chicken entrée products due to misbranding and undeclared allergens. There is concern that the stuffed chicken products may be missing labeling that includes the list of ingredients and cooking instructions.
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821 days ago
Asian Markets A Sea Of Red After US Inflation Data
Asian stock markets are trading mostly in the red on Wednesday, following the mixed cues from Wall Street overnight, as traders digest the closely watched key U.S. inflation data, which accelerated in January but came in line with estimates, probably dashing hopes that the US Fed might further ease the pace of its interest rate hikes. Asian markets closed mostly higher on Tuesday.
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822 days ago
Thai Stock Market Expected To Remain Rangebound
The Thai stock market headed south again on Tuesday, one day after halting the five-day losing streak in which it had dropped more than 25 points or 1.5 percent. The Stock Exchange of Thailand now rests just above the 1,650-point plateau and it's likely to remain in that neighborhood again on Wednesday.
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822 days ago
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