Forex News
China Leaves Lending Rates Unchanged
China's central bank held its benchmark lending rates steady, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People's Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent. The rate was lowered by a record 15 basis points in May and by five basis points in January.
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684 days ago
FTSE 100 Edges Higher As Recession Worries Ebb
U.K. stocks rose on Wednesday to hover near three-week high, with oil and mining stocks leading the surge.
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684 days ago
CAC 40 Edges Higher In Lackluster Trade
French stocks edged up slightly on Wednesday ahead of an address by Italian Prime Minister Mario Draghi. He will address the Senate before facing a confidence vote amid a political crisis.
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684 days ago
DAX Holds Steady On Easing Energy Supply Worries
German stocks held steady on Wednesday as investors cheered stronger than expected earnings from U.S. streaming group Netflix and awaited Italian Premier Mario Draghi's parliament address.
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684 days ago
Asian Shares Rally On Earnings Optimism
Asian stocks posted strong gains on Wednesday after Wall Street rallied to its best day in more than three weeks overnight, helped by reasonably healthy corporate earnings for the past quarter.
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684 days ago
Australian, NZ Dollars Higher As Asian Stocks Rally
The Australian and NZ dollars climbed against their major counterparts in the Asian session on Wednesday, as Asian markets followed Wall Street higher, following strong earnings reports and on indications that Russia's state-owned energy company, Gazprom, will be restarting gas flows via the Nord Stream 1 pipeline on Thursday.
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684 days ago
UK Inflation Strongest In 4 Decades
UK consumer prices grew at the sharpest pace in four decades in June and factory gate inflation hit the highest since 1977, raising prospects of a 50 basis point rate hike by the Bank of England at its August meeting. Consumer price inflation accelerated more-than-expected to 9.4 percent in June on rising motor fuel and food prices, the Office for National Statistics said Wednesday. Inflation wa
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684 days ago
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RBA Needs To Chart Credible Path To Bring Inflation To 2-3%, Says Lowe
The Reserve Bank of Australia should chart a credible path to bring inflation back to 2-3 percent range without hurting the economy and the labor market, Governor Philip Lowe said Wednesday. Although it is possible to do this, but the path ahead is a narrow one and it is clouded in uncertainty, Lowe said at the Australian Strategic Business Forum in Melbourne.
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684 days ago
European Shares Likely To Extend Rally On Earnings Optimism
European stocks look set to extend gains for a fourth day running on Wednesday amid speculation the worst of inflation may be over.
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684 days ago
European Economics Preview: UK Inflation Data Due
Consumer and factory gate prices from the UK are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for June. Consumer price inflation is seen rising to 9.3 percent in June from 9.1 percent in May. Economists forecast output price inflation to advance to 16.0 percent in June.
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684 days ago
Sensex Soars Over 700 Points; Nifty Tops 16,500
Indian shares opened sharply higher on Wednesday, tracking strong global markets as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe boosted investors' appetite for riskier assets.
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684 days ago
Asian Markets A Sea Of Green On Global Cues
Asian stock markets are trading higher on Wednesday, following the broadly positive cues from the global markets overnight, amid fading concerns about an aggressive rate hike by the US Federal Reserve at its upcoming monetary policy meeting later this month. Optimism about upcoming earnings news is also aiding market sentiment, with a majority of the companies beating expectations so far.
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684 days ago
Sensex, Nifty Set To Extend Gains Amid Global Rally
Indian shares may follow global peers higher on Wednesday as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped boost investor sentiment.
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684 days ago
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