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Bay Street Likely To Open Lower On Weak Global Cues
Global cues point to a weak start on Bay Street Friday morning, but rising crude oil and bullion prices may trigger some buying in energy and materials sectors and help limit market's downside.
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American Express Backs FY23 Outlook - Update
While reporting financial results for the third quarter on Friday, American Express Co. (AXP) backed its earnings and revenue growth guidance for the full-year 2023.
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Sensex, Nifty Extend Losses For Third Day On Weak Global Cues
Indian shares fell for a third day running on Friday as global markets slumped on concerns over rising bond yields and escalating tensions in the Middle East.
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Pound Falls Amid War Worries, Downbeat Retail Sales Data
The British pound weakened against other major currencies in the European session on Friday, as European shares traded lower amid worries over rising bond yields and the escalating Israel-Hamas conflict.
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European Shares Extend Losses On Fears About Wider Middle East Conflict
European stocks traded lower on Friday to extend recent losses as expectations of higher-for-longer interest rates and an escalating Middle East conflict dented investors' appetite for risk.
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FTSE 100 Declines As Retail Sales Disappoint
U.K. stocks traded lower on Friday amid worries over rising bond yields and the escalating Israel-Hamas conflict.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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more news
CAC 40 Slides As Yields Extend Climb
French stocks declined on Friday, with a surge in U.S. bond yields and escalating Middle East tensions keeping investors nervous.
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DAX Extends Losses As Risk Aversion Intensifies
German stocks fell notably on Friday, reflecting a risk-averse environment amid concerns over rising bond yields and the escalation of the Israel-Hamas conflict.
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Asian Shares Retreat On Worries Over Rising Yields
Asian stocks tumbled on Friday as escalating Middle East tensions and a continued surge in oil prices clouded the outlook for global economic growth.
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UK Retail Sales Fall More Than Expected
UK retail sales logged a bigger-than-expected decline in September as the cost of living pressures damped spending and consumer sentiment. Retail sales dropped 0.9 percent on a monthly basis, in contrast to the 0.4 percent increase in August, the Office for Statistics reported Friday. Sales were forecast to ease 0.2 percent.
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China Keeps Lending Rates Unchanged As Expected
The People's Bank of China left its benchmark rates unchanged on Friday, as widely expected, after the economic growth exceeded expectations leaving the economy back on the track to achieve the target. The Chinese central bank maintained its one-year loan prime rate, or LPR, at 3.45 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.20 percent.
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European Economic News Preview: UK Retail Sales, Public Sector Finance Data Due
Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance figures. Retail sales are forecast to fall 0.2 percent on month in September, reversing a 0.4 percent rise in August.
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