May 15 2025, 14:45 European stocks opened firmly in negative territory as investors digested earnings updates from a number of companies across the continent. The Stoxx Europe 600 and France’s CAC 40 were down 0.4%, while the U.K.’s FTSE 100 and Germany’s DAX were down 0.5% as of 8:25 a.m. in London. Elsewhere in the…
Apr 15 2025, 11:36 EUR/USD continued to decline for the second straight session, trading near 1.1350 during Asian hours on Tuesday (4/15). The pair weakened as the US dollar (USD) tried to regain stability amid growing concerns over stagflation. Early on Tuesday, Atlanta Fed President Raphael Bostic commented that the Federal Reserve still has a…
Oct 10 2024, 10:14 Gold rose above $2,610 per ounce on Thursday after falling for six consecutive sessions, ahead of the key US CPI data later today to seek further cues on the Fed’s interest rate outlook. Recently, gold prices had eased to its lowest level in nearly three weeks, weighed down by diminishing expectations…
Oct 8 2024, 16:07 The Hang Seng Index plunged 2,173 points, or 9.4%, finishing at 20,927 on Tuesday after surging in the previous two sessions, as investors took profits following the index’s rise to its highest level since early 2022. Market sentiment was further dampened by disappointment over a media briefing in China, where no…
Feb 10 2025, 14:17 The Bank of England (BoE) is expected to take a measured approach in adjusting its monetary policy, with Barclays (LON:BARC) analysts predicting that the central bank will hold off on more aggressive rate cuts until mid-year. While the BoE recently reduced the Bank Rate by 25 basis points to 4.5%, the…
Jan 16 2025, 08:45 Producer prices in Japan increased by 3.8% yoy in December 2024, keeping the same pace as in the previous month and aligning with market consensus. It was the 46th straight month of producer inflation, remaining at its highest level since June 2023, as cost continued to grow for transport equipment (1.7%…
