Forex News

German Economy Expands Unexpectedly In Q3

German Economy Expands Unexpectedly In Q3

Germany's economy expanded unexpectedly in the third quarter underpinned by private consumption, flash data from Destatis showed on Friday. The biggest euro area economy logged a quarterly growth of 0.3 percent, confounding expectations for a contraction of 0.2 percent. The pace of growth was faster than the 0.1 percent rise posted in the second quarter.
RTTNews | 987 days ago
Swiss Re Posts Q3 Loss, Confirms Mid-term View; Stock Down

Swiss Re Posts Q3 Loss, Confirms Mid-term View; Stock Down

Shares of Swiss Re AG were losing around 3 percent in the morning trading in Switzerland after the reinsurer reported Friday a net loss in its third quarter and the first nine months of fiscal 2022. The results were hurt mainly by weakness in Property & Casualty Reinsurance or P&C Re segment. Going ahead, the company still expects it is unlikely to reach its Group ROE target of 10 percent in 2022.
RTTNews | 987 days ago
CAC 40 Slips On Weak GDP Data

CAC 40 Slips On Weak GDP Data

French stocks were moving lower on Friday as investors reacted to a slew of economic data and earnings.
RTTNews | 988 days ago
Australian, NZ Dollars Drop As Risk Sentiment Deteriorates

Australian, NZ Dollars Drop As Risk Sentiment Deteriorates

The Australian and NZ dollars slipped against their major counterparts in the Asian session on Friday, as investors digested mixed economic data and earnings reports and awaited the Federal Reserve's monetary policy meeting for more clues about the pace of tightening in the period ahead.
RTTNews | 988 days ago
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Spain Economic Growth Eases Sharply In Q3

Spain Economic Growth Eases Sharply In Q3

Spain's economic growth eased notably in the third quarter as the strength in consumption and investment were offset by the slowdown in the contribution from foreign trade, the statistical office INE said Friday.
RTTNews | 988 days ago
France GDP Growth Slows In Q3

France GDP Growth Slows In Q3

The French economy posted a slower growth in the third quarter, thanks to a stagnation in household spending due to high inflation, and the weak foreign demand, preliminary data from the statistical office INSEE revealed Friday. Gross domestic product grew 0.2 percent from the second quarter, when the economy expanded 0.5 percent. The pace of growth came in line with economists' expectations.
RTTNews | 988 days ago
BoJ Leaves Ultra-Loose Policy Unchanged; Maintains Dovish Stance

BoJ Leaves Ultra-Loose Policy Unchanged; Maintains Dovish Stance

The Bank of Japan kept its massive monetary policy stimulus unchanged on Friday defying the global tightening stance, and maintained its guidance on the interest rate despite the weakening yen. The policy board, governed by Haruhiko Kuroda, unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.
RTTNews | 988 days ago
European Shares Set For Sluggish Start As IMF Cuts Asia's Growth Forecasts

European Shares Set For Sluggish Start As IMF Cuts Asia's Growth Forecasts

European stocks are seen opening a tad lower on Friday after the International Monetary Fund (IMF) cut Asia's growth forecast to 4.0 percent this year and 4.3 percent next year, down 0.9 percent points and 0.8 points from April, respectively citing a number of headwinds.
RTTNews | 988 days ago
European Economics Preview: Germany GDP, Inflation Data Due

European Economics Preview: Germany GDP, Inflation Data Due

Flash quarterly national accounts and inflation figures are due from Germany, France and Spain on Friday, headlining a hectic day for the European economic news. At 1.30 am ET, France's Insee publishes preliminary gross domestic product data for the third quarter and household spending for September. The economy is forecast to grow at a slower pace of 0.2 percent sequentially.
RTTNews | 988 days ago

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