Forex News
European Shares Decline On US Rate Concerns
European stocks edged lower on Tuesday following cautious comments from Federal Reserve officials on inflation and the interest rate outlook.
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19h 17min ago
Sanofi, OpenAI To Build AI Software To Boost Drug Development
French drug major Sanofi is teaming with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT, as well as Formation Bio, an AI and tech-driven drug developer, to build AI-powered software to accelerate drug development and bring new medicines more efficiently.
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19h 23min ago
FTSE 100 Declines On Interest-rate Concerns
U.K. stock fell on Tuesday following cautious comments from Federal Reserve officials on inflation and the interest rate outlook.
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19h 31min ago
CAC 40 Slides On Uncertainty Over Monetary Policy Path
French stocks declined on Tuesday due to uncertainty over the European Central Bank extending rate cuts beyond June.
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19h 44min ago
DAX Dips On Rate Worries
German stocks traded lower on Tuesday after more Federal Reserve officials expressed caution on inflation, raising uncertainty over the pace of interest-rate cuts this year.
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19h 54min ago
Asian Shares Decline On Fed Rate Concerns
Asian stocks ended lower on Tuesday as a stimulus-driven China rally paused and minutes of the May 2024 Reserve Bank of Australia meeting showed the central bank considered increasing interest rates during the meeting.
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20h 8min ago
Antipodean Currencies Slide Amid Risk Aversion
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major counterparts in the Asian session on Tuesday, as Asian stock markets traded lower amid lingering uncertainty about the outlook for interest rates, with some U.S. Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
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20h 46min ago
more news
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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21h 8min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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21h 13min ago
Samsung Names Young Hyun Jun CEO Of Semiconductor Business
South Korean tech giant Samsung Electronics Co Ltd announced Tuesday the appointment of Young Hyun Jun as the new Head of Device Solutions unit. The move is expected to strengthen its semiconductor business and its competitiveness amid surge in chip demand, despite uncertain global business environment.
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22h 3min ago
European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade and current account reports from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices data for April. Economists forecast producer prices to fall 3.2 percent on a yearly basis, following a 2.9 percent decrease in March.
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22h 50min ago
European Shares Seen Lower At Open On Hawkish Fed Comments
European stocks may open a tad lower on Tuesday as interest-rate concerns persist and the sudden death of Iranian President Ebrahim Raisi in a helicopter crash fueled uncertainty about oil supplies.
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23h 11min ago
Sensex, Nifty Marginally Lower In Early Trade
Indian shares traded slightly lower on Tuesday amid elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
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1 day ago
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