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Forex News
Pound Declines Ahead Of Key Economic Data
The pound was lower against its major rivals in the European session on Monday, as investors await key data on inflation and jobs due out from the U.K. this week.
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903 days ago
Global Job Growth Expected To Halve Amid Economic Uncertainties, Pandemic Worries: ILO
Global employment growth is expected to ease to half of the current growth rate in 2022, as labor market recovery may be prevented by uncertain economic conditions amid persisting Covid pandemic conditions, the International Labour Organization, or ILO, said on Monday. Growth in global jobs is forecast to drop to 1.0 percent in 2023 from 2.0 percent in 2022, the Geneva-based ILO said.
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903 days ago
Economic Optimism Collapsing Globally Says Edelman Trust Barometer
Economic optimism has collapsed around the globe due to a number of challenging conditions like inflation, war threat, unemployment, and climate change, all resulting in polarization in society, while businesses are viewed as the only institution that is competent and ethical, according to the 2023 Edelman Trust Barometer.
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903 days ago
China GDP Data Likely To Disappoint On Zero Covid Policy Exit Effect
China's economy is widely seen slowing in the fourth quarter of 2022 as the pandemic related restrictions were lifted towards the end of the year providing little support to retail sales, industrial output and exports. Gross domestic product is forecast to grow only 1.8 percent on a yearly basis in the fourth quarter, after expanding 3.9 percent in the third quarter.
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903 days ago
Geoeconomic Fragmentation To Cut Off Upto 7% Of Global GDP: IMF Staff
Geoeconomic fragmentation would cost the global economy up to 7 percent of economic output and this could go up to 12 percent in some countries in case of additional technological decoupling, the staff report from the International Monetary Fund showed Monday.
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903 days ago
Bay Street Likely To Open With Positive Bias
Canadian shares are likely to open with a positive bias Monday morning, contiuing to benefit from hopes the Federal Reserve will slow the pace of interest rate hikes following soft inflation data from the U.S.
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903 days ago
Indian Rupee Hits 4-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the evening session on Monday, as the latter rebounded across the board and the regional shares fell.
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903 days ago
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U.S. Dollar Advances Against Majors
Erasing its early losses, the U.S. dollar turned higher against its major counterparts in the European session on Monday.
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903 days ago
Sensex, Nifty End Modestly Lower; IT Stocks Rally Across The Board
Indian shares ended Monday's session slightly lower despite positive cues from global markets amid signs of easing inflation in the U.S. and hopes of an uptick in Chinese demand.
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903 days ago
India Wholesale Inflation Near 2-Year Low On Further Food Price Fall
India's wholesale price inflation continued its easing trend in December to the lowest level in twenty-two months, thanks to the continued fall in food prices, provisional data from the Ministry of Commerce and Industry revealed on Monday.
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903 days ago
European Shares Gain On China Recovery Hopes
European shares opened higher on Monday, with sentiment supported by signs of cooling inflation in the U.S. and expectations of a strong consumption-driven recovery in China.
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903 days ago
Asian Shares Rise Led By China On Recovery Hopes
Asian stocks ended broadly higher on Monday after Chinese health officials said COVID fever and emergency hospitalizations have peaked in the country.
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903 days ago
China House Prices Fall Further On Subdued Demand
China's average new home prices declined further at the end of the year amid lower demand as well as tight financial conditions at developers' side amid ongoing pandemic woes, reports said Monday, citing data from the National Bureau of Statistics.
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903 days ago
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