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Forex News
Hong Kong Retail Sales Slump 4.2%, Worst Fall In 8 Months
Hong Kong's retail sales declined for the first time in three months and at the fastest pace in eight months in November, and tighter financial conditions are likely to continue damping consumption ahead, while a relaxation in Covid restrictions and an improvement in the labor market are expected to lent support.
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915 days ago
Sensex, Nifty Tumble Ahead Of Fed Minutes
Indian shares fell sharply on Wednesday, as risk aversion gripped markets ahead of the release of Federal Reserve's December meeting minutes later in the day that might contain hawkish comments from U.S. policymakers.
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915 days ago
More Consumers Intend To Buy EVs But Concerned About Prohibitive Price Tag
More consumers in the United States want to buy an electric vehicle or EV but are concerned about higher prices, Reuters reported quoting a Deloitte survey. The consulting firm, in its '2023 Global Automotive Consumer Study,' stated that the intent to purchase an EV is 3 percentage points higher than the previous year in the U.S. The growth is similar for hybrid electric vehicles and plug-in...
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915 days ago
European Shares Extend Gains For Third Day
European stocks rose for a third day running on Wednesday, even as U.K. markets underperformed amid a decline in commodity-related stocks.
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915 days ago
FTSE 100 Little Changed As Commodity Stocks Drag
U.K. stocks were little changed on Wednesday as energy stocks fell after a sharp decline in oil prices overnight.
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915 days ago
Australian Dollar Firms As China Mulls Easing Australia Coal Ban
The Australian dollar climbed against its major counterparts in the Asian session on Wednesday, following a media report that China is preparing to partially ease ban on imports of Australian coal.
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915 days ago
CAC 40 Gains As Inflation Slows
French stocks advanced on Wednesday as data showed inflation in the country unexpectedly slowed in December from a record high in the previous month.
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915 days ago
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DAX Extends Gains As Inflation Worries Ease
German stocks extended gains on Wednesday as investors remained upbeat about a post-COVID recovery in China.
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915 days ago
Asian Shares Rise On China Recovery Hopes
Asian stocks rose broadly on Wednesday and the dollar eased after reports emerged that the wave of COVID infections sweeping across China may already have peaked in some of the country's largest cities.
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915 days ago
Twitter To Relax Ad Policy To Allow Political, Cause-based Ads
Twitter is relaxing ads policy to allow political as well as cause-based advertising in the United States. The changes come as Elon Musk is looking for more ways to cut costs and boost revenue as the social media platform, following its acquisition by the billionaire, is struggling to keep going.
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915 days ago
European Shares Poised For Firm Start
European stocks are likely to open on a firm note Wednesday, even as a cautious undertone may prevail amid lingering worries over the Russia-Ukraine conflict and uncertainty over the Fed's rate hike path.
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915 days ago
European Economic News Preview: Eurozone Final Composite PMI Data Due
Final composite Purchasing Managers' survey results from the euro area and other major Eurozone economies are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for November. Economists expect import price inflation to ease to 18.0 percent from 23.5 percent in October.
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915 days ago
Sensex, Nifty Open Tad Lower As Metal Stocks Drag
Indian shares opened a tad lower on Wednesday, as investors awaited a slew of U.S. data and the latest FOMC meeting minutes this week for additional clues on when and where interest rates might peak.
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915 days ago
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