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Forex News
Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market turned lower again on Friday, one session after ending the six-day losing streak in which it had slumped more than 20 points or 1.5 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,455-point plateau although it's expected to bounce higher again on Monday.
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855 days ago
Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in three straight sessions, gathering more than 30 points or 1.2 percent along the way. The KOSPI now rests just above the 2,430-point plateau and it's poised to add to its winnings on Monday.
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855 days ago
South Korea Inflation Data Due On Monday
South Korea will on Monday release February figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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855 days ago
U.S. Dollar Moves Lower Amid Easing Interest Rate Concerns
The value of the U.S. dollar has moved to the downside during trading on Friday, with easing concerns about the outlook for interest rates reducing the appeal of the safe-haven commodity.
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857 days ago
Swiss Stock Market Extends Gains On Friday
The Swiss stock market closed higher on Friday, finishing in the green for the second straight session.
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857 days ago
European Markets Close To The Upside On Friday
The major European markets finished on a positive note on Friday, extending gains from the previous session. They opened higher and largely remained positive throughout the session, finally ending in the green.
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857 days ago
U.S. Services Index Edges Slightly Lower In February
The Institute for Supply Management released a report on Friday showing a very slight slowdown in the pace of growth in U.S. service sector activity in the month of February. The ISM said its services PMI edged down to 55.1 in February from 55.2 in January, although a reading above 50 still indicates growth in the sector.
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857 days ago
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Pound Higher On Strong U.K. Services PMI
The pound advanced against its most major counterparts in the European session on Friday, as the nation's service sector returned to growth in February, reducing concerns over a recession.
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857 days ago
German Auto Industry Confidence Weakens In February - Ifo
Optimism among Germany's automakers eased in February and they assessed the current economic situation as significantly worse as buyers were increasingly cautions amid fears of a recession, survey data from the ifo institute showed Friday. The confidence indicator for the automobile manufacturing industry more than halved in February, to 6 points from 12.5 points in January.
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857 days ago
France Industrial Output Falls For First Time In 3 Months
French industrial production declined for the first time in three months in January largely due to falling transport equipment manufacturing, official data showed on Friday. Industrial production fell 1.9 percent from December, when output grew 1.5 percent, the statistical office INSEE reported.
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857 days ago
Eurozone Private Sector Expands Most Since Mid-2022
Alleviating fears of a recession, the euro area private sector activity grew the most since mid-2022 as there was a quick upturn in the services sector, while manufacturing activity landed on broad stabilization in February. The final composite output index rose to 52.0 in February from 50.3 in January, data released by S&P Global showed on Friday. The flash reading was 52.3.
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857 days ago
Hibbett Guides FY24 Below Estimates As Q4 Results Miss Estimates
While reporting financial results for the fourth quarter and full-year 2023 on Friday, athletic-inspired fashion retailer Hibbett Sports Inc. (HIBB) initiated earnings, sales and comparable store sales growth guidance for the full-year 2024.
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857 days ago
Nordstrom To Close Canadian Operations; To Cut 2,500 Jobs
Department store chain Nordstrom Inc. announced its plans to wind-down Canadian business operations with a view to intensify focus on long-term profitable growth in its core U.S. Business. The company will close all of its stores in the country, and cut around 2,500 jobs.
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857 days ago
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