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BoJ Minutes On Tap For Wednesday
The Bank of Japan will on Wednesday release the minutes from its monetary policy meeting on April 27 and 28, highlighting a light day for Asia-Pacific economic activity.
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TSX Ends Notably Lower
The Canadian market ended notably lower on Tuesday, pushed down by losses in materials and energy sectors as commodity prices fell amid concerns about global economic slowdown.
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Dollar Gains Against Major Counterparts On Rate Hike Bets
The U.S. dollar firmed against most of its major counterparts on Tuesday after stronger-than-expected housing starts and building permits data raised expectations for a rate hike by the Federal Reserve next month.
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Swiss Market Ends Notably Lower
The Switzerland stock market ended notably lower on Tuesday, tracking weak global markets, as worries about the impact of interest rate hikes continued to weigh on sentiment.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Tuesday after a cautious session as investors awaited some crucial economic data and the Federal Reserve Chair Jerome Powell's congressional testimonies later this week.
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U.S. Dollar Higher As Housing Starts Beat Expectations
The U.S. dollar appreciated against its major counterparts in the New York session on Tuesday, as stronger-than-expected housing starts and permits for May supported expectations for a rate hike by the Federal Reserve in July.
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U.S. Housing Starts Unexpectedly Skyrocket To 13-Month High In May
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May. The Commerce Department said housing starts soared by 21.7 percent to an annual rate of 1.631 million in May after tumbling by 2.9 percent to a revised rate of 1.340 million in April.
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more news
Bank Of England Set To Deliver Another 25 Bps Hike
The Bank of England is all set to raise its benchmark rate for the thirteenth straight policy session this week in the face of elevated inflation and persistent labor market tightness in the UK, but the bank rate is unlikely to peak at the level markets are currently pricing in.
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Boeing, Air India Finalize Order For Up To 290 New Boeing Single-aisle Wide-body Jets
Boeing Co. (BA) and Air India announced Tuesday they have finalized an order for up to 290 new Boeing single-aisle wide-body jets and expanded services at the 2023 Paris Air Show to renew and expand Air India's fleet.
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Fed's Pause Hastens Dollar's Slide
The Dollar dropped heavily against major currencies during the week ended June 16 amidst the Federal Reserve skipping a rate hike.
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U.S. Housing Starts Unexpectedly Skyrocket In May
A report released by the Commerce Department on Tuesday showed new residential construction in the U.S. unexpectedly skyrocketed in the month of May.
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BD To Sell Surgical Instrumentation Platform To STERIS For $540 Mln
Medical technology company Becton, Dickinson and Co. or BD (BDX) announced Tuesday that it has signed a definitive agreement to sell its Surgical Instrumentation platform to STERIS plc (STE) for $540 million.
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Bay Street Likely To Open With Negative Bias
The Canadian market is likely to open with a negative bias Tuesday morning, weighed down by weak European markets and subdued commodities.
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