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Forex News
European Stocks Close Modestly Higher
European stocks closed modestly higher on Monday, despite seeing some weakness during the course of the session, as investors stayed largely cautious amid lingering concerns about the tensions in the Middle East, and worries about interest rates and inflation.
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629 days ago
Canadian Dollar Advances To 4-day High Against U.S. Dollar
The Canadian dollar appreciated against the U.S. dollar in the New York session on Monday.
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629 days ago
Japanese Yen Declines Against Majors
Reversing direction, the Japanese yen fell against its major counterparts in the New York session on Monday.
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629 days ago
Week Ended October 13: Dollar Lifted By Safe Haven Bids, Sticky CPI
Safe haven demand for the U.S Dollar following the Middle east conflict boosted the greenback's fortunes in the beginning of the week spanning October 9 to October 13. The less-than-expected cooling in the consumer price inflation in the U.S. further bolstered the Dollar.
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629 days ago
Elon Musk's X Fined By Australia's Regulator Over Child Abuse Content
Elon Musk's social media platform X, formerly known as Twitter, was fined A$610,500 or over $380,000 by Australia's eSafety commissioner for failing to adequately respond to key questions about how it is tackling child abuse content. Australia's independent regulator in its second report highlighted serious shortfalls in companies including Twitter, Google, TikTok, Twitch, and Discord.
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629 days ago
Euro Firms Against Majors
The euro climbed against its major counterparts in the European session on Monday, as investors awaited corporate earnings and economic data that could influence the Federal Reserve's monetary policy.
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629 days ago
Indie Semiconductor Sees Q3 Revenues Slightly Better Than Guidance
Autotech solutions innovator indie Semiconductor, Inc. (INDI) announced Monday that in connection with the Company's warrant exchange offer and consent solicitation, preliminary estimated revenue for the three months ended September 30, 2023 is expected to be above $60 million and slightly better than the Company's guidance and consensus estimates.
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629 days ago
more news
New York Manufacturing Index Indicates Downturn In October
A report released by the Federal Reserve Bank of New York on Monday showed a downturn in regional manufacturing activity in the month of October. The New York Fed said its general business conditions index fell to a negative 4.6 in October from a positive 1.9 in September, with a negative reading indicating a contraction in activity.
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629 days ago
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Monday morning, tracking global stocks and the commodities markets. Worries about escalating tensions in the Middle East may weigh on the market.
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629 days ago
Timken To Acquire Engineered Solutions Group For Undisclosed Terms
The Timken Co. (TKR) on Monday reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH), based in Houston, Texas. The terms of the deal were not disclosed.
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629 days ago
Sensex, Nifty End Slightly Lower Amid Middle East Conflict
Indian shares ended slightly lower on Monday as investors assessed the risk of any potential escalation of the conflict involving Iran ahead of an expected Israel ground offensive in Gaza against the terror attacks.
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629 days ago
European Shares Subdued As Yields Jump On Inflation Concerns
European stocks were subdued on Monday as investors fretted about escalating tensions in the Middle East and rising Treasury yields.
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629 days ago
China Central Bank Raises Liquidity Support
The People's Bank of China on Monday ramped up its liquidity supply to the banking system via its medium-term lending facility and reverse repos in order to ease the stress in the market. The Chinese central bank added CNY 789 billion through one-year MLF. However, the rate on the MLF was kept unchanged at 2.5 percent.
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629 days ago
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