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Forex News
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May
A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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36 days ago
UK Manufacturing Sector Shrinks Sharply
The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
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36 days ago
Eurozone Manufacturing Activity Contraction Slows
Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
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36 days ago
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise
UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
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36 days ago
Bay Street May Open Higher On Firm Commodity Prices
Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors.
Worries about trade tensions may hurt a bit and limit market's upside.
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36 days ago
FTSE Up Slightly As Stocks Turn In Mixed Performance
U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance.
The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
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36 days ago
U.S. Dollar Falls On Re-escalating US-China Trade Tensions
The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
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36 days ago
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Sensex, Nifty Recover Early Losses To End On Flat Note
Indian shares fluctuated before ending on a flat note Monday.
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36 days ago
Swiss GDP Growth Accelerates In Q1
Switzerland's economic growth accelerated in the first quarter on a notable rebound in exports to the US ahead of the increase in trade tariffs, official data revealed on Monday. Gross domestic product expanded by adjusted 0.8 percent sequentially after rising 0.6 percent in the fourth quarter of 2024, the State Secretariat for Economic Affairs, or SECO, reported.
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36 days ago
CAC 40 Remains Weak Despite Coming Off Early Lows
French stocks are exhibiting weakness on Monday, extending recent losses, amid renewed concerns about trade tensions following U.S. President Donald Trump's announcement that tariffs on steel and aluminium will be increased to 50% from June 4th. Escalating tensions between the U.S. and China also contribute to the weakening sentiment.
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36 days ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Monday.
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36 days ago
Moderna Shares Gain On FDA Approval For New COVID-19 Vaccine
Shares of Moderna, Inc. were gaining around 5 percent in the pre-market activity on the Nasdaq after its new Covid-19 vaccine, mNEXSPIKE, received approval from the U.S. Food and Drug Administration for limited use. mNEXSPIKE (mRNA-1283), a new vaccine to protect against COVID-19, is for people who have received a COVID-19 vaccine before. It can now be used in all adults 65 and older, as well as..
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36 days ago
DAX Down Nearly 0.5% In Cautious Trade Amid Trade Tensions
German stocks are down in negative territory on Monday, weighed down by concerns about trade tensions following China and the U.S. accusing each other of violating their trade agreements.
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36 days ago
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