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Forex News
CAC 40 Retreats On Fed Rate Hike Worries
French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
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914 days ago
DAX Slips In Cautious Trade After Fed Minutes
German stocks edged lower on Thursday as investors pondered over the Federal Reserve's December meeting minutes.
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914 days ago
Asian Shares Advance On China Optimism
Asian stocks advanced on Thursday, as investors reacted to modestly hawkish Federal Reserve minutes and data showing slight improvement in China's services sector.
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914 days ago
Amazon Plans Over 18,000 More Job Cuts; Several Teams To Be Impacted
Amazon said it plans to eliminate over 18,000 jobs, more than initially planned, citing uncertain economy. The decision is part of the tech major's annual planning process for 2023 with a focus to build a stronger cost structure, and comes after further reviews by its various teams. In a message shared with Amazon employees, CEO Andy Jassy noted that the reductions will impact several teams.
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914 days ago
European Economics Preview: Germany Foreign Trade, Construction PMI Due
Foreign trade and construction Purchasing Managers' survey results from Germany are the top economic news due on Thursday. At 2.00 am ET, Destatis releases Germany's foreign trade data for November. Exports are forecast to rise 0.2 percent on month, reversing a 0.6 percent fall in October. The fall in imports slowed to 0.5 percent from 3.7 percent in the previous month.
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914 days ago
China Services Activity Logs Fourth Consecutive Contraction
China's service sector shrank for the fourth consecutive month in December as the ongoing measures to contain the Covid-19 disrupted operations and hampered demand. At 48.0, the Caixin services Purchasing Managers' Index rose from a six-month low of 46.7 in November. But a reading below 50.0 suggests the sector remains in the contraction zone.
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914 days ago
European Shares May Open On Soft Note On Hawkish Fed Minutes
European stocks are likely to open on a tepid note Thursday, as investors react to hawkish Fed minutes and keep a wary eye on the COVID-19 situation in China.
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914 days ago
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Sensex, Nifty Give Up Early Gains
Indian shares slipped into the red on Thursday, after having opened higher earlier on the back of positive global cues.
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914 days ago
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, on easing concerns over the outlook for interest rates as traders reacted to the minutes from the US Fed's recent monetary policy meeting. Asian Markets closed mostly higher on Wednesday.
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914 days ago
Renewed Support Anticipated For Thai Shares
The Thai stock market on Wednesday ended the nine-day winning streak in which it had surged almost 80 points or 5 percent. The Stock Exchange of Thailand now rests just beneath the 1,675-point plateau although it's expected to bounce higher again on Thursday.
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914 days ago
Sensex, Nifty May See Modest Gains At Open
Indian shares may see modest gains at open on Thursday, helped by positive global cues and a significant downside in oil prices.
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914 days ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Thursday, recouping some of the losses in the previous session, with the Nikkei 225 moving a tad above the 25,900 level, following the broadly positive cues from global markets overnight, with strong gains in technology stocks as traders reacted to minutes from the US Fed's recent monetary policy meeting.
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915 days ago
Indonesia Stock Market May Reverse Wednesday's Losses
The Indonesia stock market on Wednesday ended the two-day winning streak in which it had gathered almost 40 points or 0.6 percent. The Jakarta Composite Index now sits just shy of the 6,815-point plateau, although it's likely to rediscover support on Thursday.
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915 days ago
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