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Forex News
Australian Market Significantly Lower
The Australian stock market is trading significantly lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,200 level, with weakness across most sectors led by mining and technology stocks, after US President Donald Trump confirmed he will move forward with higher tariffs.
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127 days ago
TSX Ends Sharply Lower As Stocks Tumble On Tariff Jitters
The Canadian market ended sharply lower on Monday due to heavy selling in energy and technology sectors. Stocks from materials, industrials and consumer discretionary sectors were the other major losers.
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127 days ago
Dollar Loses Ground On Growth Worries
The U.S. dollar drifted lower on Monday, losing ground against almost all its major counterparts, amid rising concerns about global growth, and prospects of a rate cut by the Federal Reserve earlier than expected.
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127 days ago
Euro Rallies Amid Ukraine Peace Plan
The euro firmed against its major counterparts on Monday, amid the prospect of higher defense spending in Europe to deter Russian aggression.
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127 days ago
Canadian Market Down Firmly In Negative Territory
The Canadian market, which retreated after a positive start Monday morning, continues to languish in negative territory well past noon, with stocks from technology and energy sectors reeling under selling pressure.
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127 days ago
Swiss Market Ends On Bright Note
The Switzerland market started off on a sluggish note on Monday amid tariff concerns, but gained in strength as the day progressed as investors picked up stocks from across several sectors.
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127 days ago
European Markets Close On Firm Note As Defense Stocks Rally
European markets closed higher on Monday, led by strong gains posted by defense stocks amid rising prospects of increased military spending by European countries.
Investors also bet on a rate cut by the European Central Bank this week.
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127 days ago
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U.S. Construction Spending Unexpectedly Dips 0.2% In January
Construction spending in the U.S. unexpectedly edged modestly lower in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending slipped by 0.2 percent to an annual rate of $2.193 trillion in January after climbing by 0.5 percent to a revised rate of $2.196 trillion in December.
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127 days ago
U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February
A report released by the Institute for Supply Management on Monday showed its reading on U.S. manufacturing edged slightly lower in February, although the index still indicated growth in the sector for the second straight month. The ISM said its manufacturing PMI slipped to 50.3 in February after rising to 50.9 in January, but a reading above 50 still indicates growth.
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127 days ago
Bay Street Likely To Open On Firm Note
Canadian shares are likely to open on a firm note Monday morning, tracking gains in European markets, and higher commodity prices.
Worries about new tariffs by U.S. effective Tuesday could weigh and limit market's upside.
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127 days ago
Dollar Climbs Amidst Trade And Geopolitical Jitters
Trade tariff turbulence and uncertainty about peace in Ukraine lifted the Dollar Index during the week ended February 28.
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127 days ago
Eurozone Inflation Slows To 2.4%
Eurozone inflation eased slightly in February partly reflecting the slowdown in services inflation but the rate remained above 2 percent, flash data from Eurostat showed on Monday. The harmonized index of consumer prices logged an annual growth of 2.4 percent after rising 2.5 percent in January. The rate was expected to ease to 2.3 percent.
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127 days ago
UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly
Mortgage borrowing of British homebuyers hit the highest since September 2022, while home loan approvals decreased slightly in January ahead of the stamp duty changes in April, figures from the Bank of England showed on Monday. Mortgage lending increased GBP 0.9 billion to GBP 4.2 billion in January, which was the highest since September 2022.
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127 days ago
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