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Forex News
European Shares Slip As Rate Worries Return To Haunt Investors
European stocks fell on Wednesday to extend losses from the previous session after hawkish messages from the U.S. Federal Reserve and the European Central Bank.
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850 days ago
FTSE 100 Extends Losses On Fed Worries
U.K.'s stocks edged lower on Wednesday on the back of hawkish comments from Federal Reserve Chair Jerome Powell and a much lower profit reported by insurance giant Admiral.
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850 days ago
CAC 40 Subdued On Rate Hike Jitters
French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.
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850 days ago
DAX Little Changed On Rate Worries
German stocks were subdued on Wednesday after Fed Chair Jerome Powell warned of bigger rate hikes to fight inflation and sportswear firm Adidas slashed its dividend after swinging to a quarterly operating loss.
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850 days ago
US Justice Department Sues To Block Proposed JetBlue- Spirit Merger
The US Justice Department or DOJ has filed a civil antitrust lawsuit to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines, Inc., saying the deal is presumptively anticompetitive. The lawsuit, filed in the District of Massachusetts, alleges that the acquisition would allow JetBlue to eliminate...
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850 days ago
U.S. Dollar Extends Gain On Fed Chairman Powell's Rate Hike Comment
The U.S. dollar extended its early gain against other major currencies in the Asian session on Wednesday, as traders sentiment bolstered after Federal Reserve Chair Jerome Powell signaled that interest rates would likely remain higher for longer than previously expected, to fight inflation.
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850 days ago
Asian Shares Slump On US Rate Worries
Asian stocks tumbled on Wednesday as hawkish comments from Fed Chair Jerome Powell on the first day of his semi-annual two-day testimony before Congress stoked concerns about interest rates being hiked by 50 basis points at the March FOMC meeting.
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850 days ago
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Lowe Says RBA Closer To Pause Interest Rate Hike
Reserve Bank of Australia Governor Philip Lowe said the bank is closer to pause interest rate increases to assess the effects of the past rate hikes. "With monetary policy now in restrictive territory, we are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy," the governor said Wednesday.
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851 days ago
European Shares Seen Flat To Slightly Lower At Open
European stocks are seen opening on a tepid note Wednesday, as investors await Fed Chair Jerome Powell's second day of testimony on Capitol Hill.
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851 days ago
European Economic News Preview: Germany Industrial Output & Retail Sales Data Due
Industrial production and retail sales from Germany and revised quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and retail sales for January. Industrial output is forecast to grow 1.4 percent on month, in contrast to the 3.1 percent decrease in
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851 days ago
Sensex, Nifty Tad Lower On Weak Global Cues; IT Stocks Worst Hit
Indian shares were slightly lower in early trade on Wednesday after Fed Chair Jerome Powell told lawmakers the U.S. central bank would be prepared to reaccelerate the pace of rate hikes if the economy grows too quickly.
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851 days ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against the other major currencies in the Asian session on Wednesday.
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851 days ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders reacted to US Federal Reserve Chair Jerome Powell's testimony before the Senate Banking Committee. Powell warned interest rates will likely remain higher for longer than previously expected to fight inflation. Asian markets closed mixed on Tuesday.
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851 days ago
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