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Forex News
U.S. Housing Starts Unexpectedly Extend Slump In November, But Building Permits Surge
While the Commerce Department released a report on Wednesday unexpectedly showing a continued slump by housing starts in the U.S. in the month of November, the report also showed a much bigger than expected surge by building permits.
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252 days ago
General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops
Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.
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252 days ago
Bay Street May Open On Positive Note
Canadian shares are likely to open higher on Wednesday, tracking firm crude oil and marginally higher gold prices. The focus is on the Federal Reserve's interest rate decision due later in the day.
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253 days ago
UK Inflation Highest In 8 Months
UK consumer price inflation accelerated to an eight-month high in November, reinforcing the chances of the Bank of England deciding to keep the interest rate unchanged on Thursday. The consumer price index rose 2.6 percent year-on-year following a 2.3 percent gain in October, the Office for National Statistics reported Wednesday.
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253 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Wednesday.
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253 days ago
Eurozone Inflation Rises Less Than Estimate
Eurozone inflation grew at a slightly slower than initially estimated pace in November, revised data published by Eurostat showed on Wednesday. The harmonized index of consumer prices rose 2.2 percent year-on-year in November, following a 2.0 percent increase in October. The rate was revised down from 2.3 percent.
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253 days ago
Sensex Drops Over 500 Points; Nifty Dips Below 24,200
Indian shares ended notably lower on Wednesday, with a combination of persistent FII selling and uncertainty over the Fed's stance keeping investors nervous.
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253 days ago
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European Shares Flat To Higher Ahead Of Fed Decision
European stocks were flat to slightly higher on Wednesday ahead of upcoming Federal Reserve and Bank of England meetings.
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253 days ago
Commodity Currency's Slide As Oil Prices Drop, Fed Policy Announcement
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, as the crude oil prices fell amid concerns about the outlook for global demand, and possible excess supply in the market next year.
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253 days ago
FTSE 100 Edges Higher After Inflation Data
U.K. stocks edged higher on Wednesday and the pound sterling held steady despite new data showing that U.K. inflation rose to an eight-month high in November.
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253 days ago
CAC 40 Little Changed Ahead Of Fed, BoE Meetings
French stocks held steady on Wednesday ahead of upcoming Federal Reserve and Bank of England meetings.
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253 days ago
DAX Edges Higher In Cautious Trade Ahead Of Fed Decision
German stocks eked out modest gains on Wednesday ahead of the highly anticipated Federal Reserve's interest-rate decision due later in the day.
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253 days ago
Asian Shares Mixed As Investors Await Fed Decision
Asian stocks ended mixed in cautious trade on Wednesday as investors waited to see what comes of the Federal Reserve meeting later in the day.
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253 days ago
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