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Forex News
U.S. Weekly Jobless Claims Unexpectedly Edge Higher
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended October 28th. The report said initial jobless claims crept up to 217,000, an increase of 5,000 from the previous week's revised level of 212,000.
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616 days ago
Pound Climbs After BoE Decision
As expected, the Bank of England kept the bank rate unchanged at 5.25 percent. Following the decision, the pound firmed against its major counterparts.
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616 days ago
Bay Street Looks Headed For Positive Start
Positive Asian and European stock markets and rising commodity prices point to a firm start for Canadian shares on Thursday. Optimism that the Federal Reserve is done with raising interest rates is likely to render the mood fairly bullish.
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616 days ago
Pound Mixed Ahead Of BoE Decision
The monetary policy announcement from the Bank of England is due at 8.00 am ET Thursday. The BoE is widely expected to keep the bank rate unchanged for the second straight meeting.
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616 days ago
Eurozone Manufacturing Activity Slump On Orders, Production
Euro area manufacturing activity shrunk substantially in October due to accelerated contractions in new orders and production, the purchasing managers' survey results published by S&P Global revealed on Thursday. The HCOB manufacturing Purchasing Managers' Index, or PMI dropped to a three-month low of 43.1 in October from 43.4 in September. The score was slightly above the flash 43.0.
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616 days ago
Sensex, Nifty Follow Global Peers Higher On Fed Rate Optimism
Indian shares posted strong gains on Thursday, as a hawkish interest-rate hold by the Federal Reserve fueled hopes that the U.S. central bank is done with the most aggressive tightening cycle in four decades.
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616 days ago
Lufthansa Stock Up On Strong Q3 Results; Backs Outlook
Shares of Deutsche Lufthansa AG were gaining around 8 percent in the morning trading in Germany after the company reported higher third-quarter profit and revenues amid continued strong demand for air travel. Looking ahead for the fourth quarter, the German flag carrier said it expects to achieve a positive operating result. Further, profit outlook for 2023 and 2024 confirmed.
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616 days ago
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European Shares Extend Gains For Fourth Day On Fed Rate Optimism
European stocks traded higher on Thursday to extend gains for a fourth consecutive session amid optimism that the U.S. Federal Reserve is done with raising interest rates.
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616 days ago
FTSE 100 Rallies Ahead Of BOE Rate Decision
U.K. stocks advanced on Thursday as investors reacted to a slightly dovish stance from the Federal Reserve and awaited cues from the Bank of England meeting later in the day.
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616 days ago
CAC 40 Gains On Fed Rate Optimism
French stocks traded sharply higher on Thursday after comments from Fed Chair Jerome Powell suggested that the U.S. central bank is hitting pause again on its rate-hiking campaign.
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616 days ago
DAX Rallies On Optimism Fed Is Done With Rate Hikes
German stocks rallied on Thursday after the U.S. Federal Reserve left interest rates unchanged and hinted at halting further interest rate hikes.
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616 days ago
Asian Shares Rally After Fed Meeting
Asian stocks posted strong gains on Thursday while the dollar weakened, and bond yields eased after comments from Fed Chair Jerome Powell suggested that the U.S. central bank is hitting pause again on its rate-hiking campaign.
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616 days ago
Malaysia Central Bank Keeps Rate On Hold
Malaysia's central bank left its interest rates unchanged on Thursday despite the sharp weakening of the currency. The Monetary Policy Committee of Bank Negara Malaysia headed by Datuk Abdul Rasheed Ghaffour decided to retain the Overnight Policy Rate at 3.00 percent. Markets widely expected the bank to keep the rate on hold.
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616 days ago
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