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Pound Drops After BoE Decision

As expected, the Bank of England raised its key rate by 50 basis points to 3.50 percent from 3 percent. Following the decision, the pound fell against its major counterparts.
RTTNews | 970 дней спустя
Pound Mixed Ahead Of BoE Decision

Pound Mixed Ahead Of BoE Decision

The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 50 basis points to 3.50 percent from 3 percent.
RTTNews | 970 дней спустя
FTSE 100 Lower Ahead Of BoE Review

FTSE 100 Lower Ahead Of BoE Review

FTSE 100 of the London Stock Exchange shed a little less than half percent as sentiment post the FOMC outcome and ahead of the review by Bank of England remained cautious.
RTTNews | 970 дней спустя
Swiss Franc Mixed After SNB Decision

Swiss Franc Mixed After SNB Decision

The Swiss franc showed mixed trading against its major counterparts in the European session on Thursday, after the Swiss National Bank's decision to raise its policy rate by 50 basis points, in line with expectations.
RTTNews | 970 дней спустя
BigCommerce To Restructure To Reduce Cost Structure; To Cut 13% Of Total Workforce

BigCommerce To Restructure To Reduce Cost Structure; To Cut 13% Of Total Workforce

Open SaaS ecommerce platform BigCommerce Holdings, Inc. (BIGC) announced Thursday its plan to reduce its cost structure and accelerate its path to profitability. The planned restructuring aims to move forward its adjusted EBITDA breakeven timeline from mid to late 2024 to the fourth quarter of 2023.
RTTNews | 970 дней спустя
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CAC-40 Plunges As Fed's Hawkishness Hurts

CAC-40 Plunges As Fed's Hawkishness Hurts

The CAC-40 plunged more than 1 percent as investors digested the Fed's warning on rates that indicated a higher peak than originally anticipated. The review by the ECB due later in the day also added to the mood of caution.
RTTNews | 970 дней спустя
Philippine Central Bank Lifts Rate By 50 Bps

Philippine Central Bank Lifts Rate By 50 Bps

The Philippine central bank tightened its policy again with a 50 basis point hike, citing further uptick in headline inflation and pent-up demand. The Monetary Board of the Bangko Sentral ng Pilipinas decided to raise the benchmark overnight reverse repurchase facility rate by 50 basis points to 5.50 percent.
RTTNews | 970 дней спустя
Hawkish Rhetoric Drags Down DAX

Hawkish Rhetoric Drags Down DAX

The German stock market benchmark DAX dropped more than a percent amidst an unexpected hawkish stance in the Fed's monetary policy guidance. Anxiety ahead of the ECB's interest rate review also dampened sentiment.
RTTNews | 970 дней спустя
Elon Musk Sells $3.6 Bln Worth Tesla Shares

Elon Musk Sells $3.6 Bln Worth Tesla Shares

Elon Musk, the founder and CEO of Tesla Inc., has sold another $3.6 billion worth stock in the luxury electric car maker, according to a filing with the U.S. Securities and Exchange Commission. Over a period of three days ended December 14, Musk sold 22 million shares in Tesla. Following the news, Tesla stock declined around 3 percent on Wednesday's regular trading.
RTTNews | 970 дней спустя
Asian Stocks End Trading On A Negative Note

Asian Stocks End Trading On A Negative Note

Asian markets traded lower on Thursday, reflecting the pain at the Fed's unexpected hawkish stance and tracking the Wall Street's movements a day earlier.
RTTNews | 970 дней спустя
Swiss National Bank Hikes Rate For Third Time; Signals More Tightening

Swiss National Bank Hikes Rate For Third Time; Signals More Tightening

Switzerland's central bank raised its key interest rate for the third straight meeting on Thursday and said it cannot rule further tightening in the policy rate, to counter rising inflationary pressures and a further spread of inflation. The Swiss National Bank raised its policy rate by 0.5 percentage points to 1.0 percent. The outcome of the meeting widely matched expectations.
RTTNews | 970 дней спустя

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