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Forex News
Dollar Loses Ground Against Some Major Counterparts
The U.S. dollar shed ground against its major rivals on Wednesday, as bond yields fell amid expectations the Federal Reserve will slow the pace of interest rate hikes.
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899 days ago
Fed's Beige Book Says U.S. Economic Activity Relatively Unchanged
Overall U.S. economic activity has been relatively unchanged since late November, according to the Federal Reserve's Beige Book. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said five Districts reported slight or modest increases in overall activity, six noted no change or slight declines, and one cited a significant decline.
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899 days ago
Swiss Market Ends Weak After Choppy Session
The Switzerland stock market ended modestly lower after a choppy session on Wednesday with investors largely staying reluctant to make significant moves.
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900 days ago
Major European Markets Close On Mixed Note
The major European markets ended on a mixed note on Wednesday, while most of the other markets in the region closed higher.
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900 days ago
Canadian Market Pares Early Gains, Roughly Flat At Noon
After opening modestly higher and moving further up subsequently, the Canadian market pared its gains Wednesday morning and is roughly flat at noon.
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900 days ago
U.S. Business Inventories Increase In Line With Estimates In November
Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Wednesday. The Commerce Department said business inventories rose by 0.4 percent in November following a revised 0.2 percent uptick in October.
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900 days ago
U.S. Homebuilder Confidence Unexpectedly Rebounds In January
After reporting decreases in U.S. homebuilder confidence for twelve straight months, the National Association of Home Builders released a report on Wednesday showing an unexpected improvement in homebuilder confidence in the month of January.
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900 days ago
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U.S. Industrial Production Decreases Much More Than Expected In December
Industrial production in the U.S. decreased by much more than expected in the month of December, according to a report released by the Federal Reserve on Wednesday. The Fed said industrial production slid by 0.7 percent in December after falling by a revised 0.6 percent in November. Economists had expected industrial production to edge down by 0.1 percent.
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900 days ago
U.S. Retail Sales Slump 1.1% In December, More Than Expected
A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December. The Commerce Department said retail sales tumbled by 1.1 percent in December after slumping by a revised 1.0 percent in November.
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900 days ago
U.S. Producer Prices Decrease 0.5% In December Amid Steep Drop In Energy Prices
Partly reflecting a steep drop in energy prices, the Labor Department released a report on Wednesday showing U.S. producer prices fell by more than expected in the month of December. The Labor Department said its producer price index for final demand declined by 0.5 percent in December after inching up by a revised 0.2 percent in November.
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900 days ago
Eurozone Construction Output Falls 0.8% On Lower Building Activity
Eurozone construction output contracted for the first time in three months in November, as a rise in civil engineering activity was offset by a downturn in the building sector, data from the statistical office Eurostat showed on Wednesday. Construction output fell 0.8 percent month-over-month in November, reversing a revised 1.0 percent rise in October.
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900 days ago
Charles Schwab Q4 Profit Rises 26%, But Results Miss Estimates
Financial services firm Charles Schwab Corp. reported Wednesday a profit for the fourth quarter that increased 26 percent from last year, reflecting 17 percent revenue growth aided by 41 percent rise in net interest revenue. Both earnings per share and quarterly revenues missed analysts' estimates.
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900 days ago
U.S. Retail Sales Slump More Than Expected In December
A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December.
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900 days ago
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