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Dollar Drops As Treasury Yields Fall

Dollar Drops As Treasury Yields Fall

The U.S. dollar fell against its major counterparts in the European session on Tuesday, as data showing a slowdown in U.S. manufacturing activity tempered expectations for aggressive monetary tightening by the Federal Reserve.
RTTNews | 954天前
European Shares Extend Gains As Treasury Yields Fall

European Shares Extend Gains As Treasury Yields Fall

European shares rose sharply on Tuesday to extend gains from the previous session as weak U.S. manufacturing and construction data released overnight raised hopes for slower Federal Reserve tightening.
RTTNews | 954天前
FTSE 100 Gains As Kwarteng Brings Forward Debt Plan

FTSE 100 Gains As Kwarteng Brings Forward Debt Plan

U.K. shares rose sharply on Tuesday, building on gains from the previous session after the government made a dramatic U-turn on one of the tax cuts that contributed to extreme bond market turmoil last week.
RTTNews | 954天前
CAC 40 Rallies As Yields Retreat

CAC 40 Rallies As Yields Retreat

French stocks rose sharply on Tuesday, tracking a sharp rebound on Wall Street overnight and strong gains elsewhere across Asia.
RTTNews | 954天前
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DAX Extends Gains On Hopes For A Fed Retreat

DAX Extends Gains On Hopes For A Fed Retreat

German stocks rallied on Tuesday to extend gains from the previous session as investors scooped up beaten-down shares amid hopes that the U.S. Federal Reserve could ease back on hiking rates.
RTTNews | 954天前
Asian Shares Climb In Broad Rally

Asian Shares Climb In Broad Rally

Asian shares climbed on Tuesday amid hopes for a dovish pivot from the U.S. Federal Reserve. The Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion.
RTTNews | 954天前
Australian Dollar Drops On Softer RBA Rate Hike

Australian Dollar Drops On Softer RBA Rate Hike

The Australian dollar fell against its major counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia delivered a smaller rate hike than expected amid uncertainty over the global economic outlook.
RTTNews | 954天前
RBA Delivers Smaller Than Expected Rate Hike

RBA Delivers Smaller Than Expected Rate Hike

Australia's central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since July 2013.
RTTNews | 954天前
European Economics Preview: Spain Unemployment Data Due

European Economics Preview: Spain Unemployment Data Due

Unemployment data from Spain and producer prices from the euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania's producer prices for August.
RTTNews | 954天前
European Shares May Extend Gains On Improved Risk Sentiment

European Shares May Extend Gains On Improved Risk Sentiment

European stocks look set to extend gains from the previous session on Tuesday as Treasury yields eased from levels not seen in roughly a decade on expectations for less aggressive action by the U.S. Federal Reserve.
RTTNews | 954天前

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