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Forex News
CAC 40 Down 117 Points As Europe's Energy Crunch Deepens
French stocks fell sharply on Monday, with fears over aggressive monetary tightening and concerns over Europe's energy crisis keeping investors nervous.
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1108 days ago
Australian, NZ Dollars Higher After China Rate Cuts
The Australian and NZ dollars moved up against their major counterparts in the Asian session on Monday, following China's reduction in benchmark lending rates to prevent a slowdown in economic growth.
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1108 days ago
DAX Tumbles On Rate Hike Worries
German stocks fell sharply on Monday in the wake of hawkish comments from ECB and Federal Reserve officials.
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1108 days ago
Asian Shares Mixed Amid Rate-hike Worries
Asian stocks ended mixed on Monday as investors awaited a slew of U.S. data and Federal Reserve Chair Jerome Powell's keynote address at the Kansas City Fed's two-day annual economic symposium this week for fresh clues on the economic and rate outlook.
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1108 days ago
China Cuts Loan Prime Rates To Revive Housing Market
China reduced its benchmark lending rates to reduce the interest burden of existing loans, and in turn to ease the pressure on the housing market and the faltering economy. The People's Bank of China lowered its five-year loan prime rate, or LPR, the benchmark for mortgage rates, by 15 basis points to 4.30 percent from 4.45 percent. The bank had last lowered the rate by 15 basis points in May.
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1108 days ago
European Shares Set For Weak Start Amid Recession And Rate Hike Worries
European stocks look set to open on a sluggish note Monday as recession and rate-hike worries sapped investors' appetite for riskier assets.
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1108 days ago
Sensex, Nifty Tumble On Weak Global Cues
Indian shares were sharply lower on Monday, mirroring weak global cues after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening.
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1108 days ago
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Asian Markets Track Global Markets Mostly Lower
Asian stock markets are trading mostly lower on Monday, following the mostly negative cues from global markets on Friday, amid concerns about slowing economic growth, soaring inflation and prospects of more interest rate hikes by central banks in the coming months. Traders also react to hawkish comments from US Fed officials ahead of annual Jackson Hole economic symposium in Wyoming this week.
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1108 days ago
Sensex, Nifty Set For Weak Start As Investors Await Fed Cues
Indian shares look set to open on a sluggish note on Monday ahead of what could be a volatile week of trading amid the impending F&O expiry and the Fed's annual Jackson Hole economic symposium, where Fed Chair Jerome Powell's key speech might offer additional clues about the pace of future interest-rate hikes.
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1108 days ago
Soft Start Anticipated For Thai Stock Market
The Thai stock market has moved lower in back-to-back sessions, sinking almost 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now rests just above the 1,625-point plateau and it's expected to open under pressure again on Monday.
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1108 days ago
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Monday, extending the losses in the previous two sessions, with the Nikkei 225 falling below the 28,800 level, following the broadly negative cues from global markets on Friday, with weakness across most sectors, led by technology stocks, which tracked their peers on the tech-heavy Nasdaq.
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1108 days ago
Losses May Accelerate For Indonesia Stock Market
The Indonesia stock market on Friday snapped the two-day winning streak in which it had advanced almost 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 7,170-point plateau and it's expected to open in the red again on Monday.
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1108 days ago
Australian Market Significantly Lower
The Australian stock market is significantly lower on Monday, giving up the slight gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the broadly negative cues from global markets on Friday, with weakness across most sectors, led by technology stocks, which tracked their peers on the tech-heavy Nasdaq.
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1108 days ago
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