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Forex News
DAX Slides On Rate Woes; Evotec Shares Jump 18%
German stocks were notably lower on Friday after Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts.
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233 days ago
China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates
China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment. Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday.
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233 days ago
Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the European session on Friday.
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233 days ago
Asian Shares Mixed As Traders Pare Rate Cut Bets
Asian stocks turned in a mixed performance on Friday as Federal Reserve Chair Jerome Powell's remarks poured cold water on rate cut optimism and mixed economic data highlighted China's uneven economic recovery.
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233 days ago
UK Economy Logs Meager Growth In Q3
In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weaker growth in services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2 percent.
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233 days ago
Yen Falls As Japan GDP Growth Slows In Q3
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan.
Data from the Cabinet Office showed that the Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024. That was in line with expectations and down from 0.7 percent in the second quarter.
RTTNews
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233 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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233 days ago
more news
European Economic News Preview: UK GDP Data Due
Quarterly national accounts from the UK and final inflation from France and Italy are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK GDP data for the third quarter and industrial output and foreign trade figures for September. The economy is forecast to grow 0.2 percent sequentially after rising 0.5 percent in se
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233 days ago
FDA Approves PTC's Kebilidi As First Gene Therapy To Treat AADC Deficiency
The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.'s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday.
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233 days ago
European Shares Set To Drift Lower After Powell Comments
European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures.
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233 days ago
Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation pressures. Asian markets ended mixed on Thursday.
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233 days ago
Indian Markets Closed For Public Holiday
Indian stock markets remain closed today on account of Guru Nanak Jayanti.
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233 days ago
China Industrial Output Rises 5.3% On Year In October
Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent.
RTTNews
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233 days ago
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