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Bay Street Likely To Open Higher
Canadian shares are likely to open higher on Thursday as firm metal prices and rising optimism about the Federal Reserve slowing its pace of interest rate hikes are expected to lift sentiment.
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Turkey Central Bank Slashes Policy Rate; Ends Easing Cycle
In stark contrast to the monetary policy tightening stance of global central banks, Turkey decided to slash its policy rate by 150 basis points and to end the current rate cut cycle that began in August. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Sahap Kavcioglu, cut the policy rate to 9.00 percent from 10.50 percent.
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Sweden Central Bank Hikes Rate By 75 Bps
Sweden central bank lifted its key interest rate by 75 basis points and signaled additional hike early next year to tame inflation. The Executive Board of Riksbank decided to raise the policy rate by 0.75 percentage points to 2.50 percent. The central bank started tightening its policy in April, when the policy rate was zero percent.
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Sensex, Nifty Rally On Oil Price Slump, Dovish Fed Minutes
Indian shares rallied on Thursday led by broad-based buying, with underlying sentiment boosted by falling oil prices, declining U.S. yields and a weakening dollar.
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European Shares Gain Ahead Of ECB Minutes
European stocks advanced on Thursday as relatively dovish signals from the Federal Reserve helped traders look past concerns over China, with the daily COVID cases hitting a record high since the pandemic began.
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FTSE 100 Little Changed As Dr Martens Warns On Margins
U.K. stocks were little changed on Thursday, as oil extended overnight losses and bootmaker Dr Martens warned of weaker trading environment ahead of the busy Christmas season.
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CAC 40 Inches Higher On Dovish Fed Minutes
French stocks rose on Thursday as relatively dovish signals from the Federal Reserve helped traders look past concerns over China, with the daily COVID cases hitting a record high since the pandemic began.
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more news
DAX Edges Higher Ahead Of ECB Minutes
German stocks eked out modest gains on Thursday after minutes from the Federal Reserve's November meeting signaled a slowdown in future rate hikes.
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Asian Shares Rise On Fed Policy Optimism
Asian stocks ended broadly higher on Thursday as optimism over a less hawkish Fed outweighed concerns that a surge in COVID cases in China would weigh on growth.
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Amazon Likely To Invest $1 Bln A Year In Movies To Release In Theaters
Amazon.com Inc. plans to spend more than $1 billion annually to produce movies that will get a theatrical release, Bloomberg reported, citing people familiar with the matter. The online retailer giant, which acquired movie maker MGM Studios earlier this year for $8.45 billion, is likely to produce between 12 and 15 movies each year for movie theaters.
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Australian Dollar Climbs As Fed Hints At Slowdown In Rate Hikes
The Australian dollar moved up against its most major counterparts in the Asian session on Thursday, as risk sentiment improved after the minutes from the Federal Reserve's latest policy meeting showed that the pace of interest rate increases would slow soon.
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European Economics Preview: Germany Ifo Business Confidence Due
Business confidence survey results from Germany and France are the major statistical reports due on Thursday. At 2.45 am ET, France's statistical office Insee publishes business confidence survey results. The business sentiment index is forecast to fall to 102 in November from 103 in October.
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European Shares Seen Flat To Higher In Cautious Trade
European stocks may open a tad higher on Thursday as investors react to dovish Fed minutes released overnight.
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