Consumer confidence in the euro area strengthened in May to its highest level since early 2022, while wage growth figures lent support to the view that the European Central Bank is set to stop policy easing with the expected interest rate cut in June. The flash consumer confidence index rose for the fourth month in...
The Switzerland market ended slightly up on Thursday after spending much of the day\'s session fairly well above the flat line. Investors assessed the latest batch of European economic data, reacted to earnings and other corporate updates. The benchmark SMI, which advanced to 12,016.03 around mid afternoon, ended with a small gain of 8.08 points...
The Canadian market is down firmly in negative territory Thursday afternoon, with stocks from across several sectors reeling under sustained selling pressure, amid concerns the U.S. interest rates will remain higher for a longer time. The benchmark S&P/TSX Composite Index was up 175.75 points or 0.79% at 22,171.01 a little while ago. Materials, utilities, healthcare...
The U.S. dollar gained against its major counterparts on Thursday, extending recent uptrend, amid continued bets the Federal Reserve will keep interest rates higher for a few more months. In addition to the minutes of the central bank\'s most recent monetary policy meeting, today\'s data showing a bigger than expected drop in jobless claims, and...
The Canadian market ended weak on Thursday, extending losses from the previous session, as weak metal prices and uncertainty about U.S. interest rate outlook rendered the mood cautious. The benchmark S&P/TSX Composite Index, which tumbled to 22,134.74 intraday, ended with a loss of 145.97 points or 0.65% at 22,200.79, the lowest close since May 3....
The Australian dollar strengthened against some major currencies in the Asian session on Thursday. The Australian dollar rose to a 9-day high of 1.6223 against the euro, from yesterday\'s closing value of 1.6254. Against the Canada and the U.S. dollars, the aussie advanced to more than a 1-year high of 0.9126 and more than a...
The New Zealand dollar strengthened against some major currencies in the Asian session on Thursday. The NZ dollar rose to more than 2-month highs of 0.6141 against the U.S. dollar and 1.7738 against the euro, from yesterday\'s closing quotes of 0.6129 and 1.7766, respectively. Against the Australian dollar, the kiwi advanced to more than a...
European stocks are likely to open higher on Thursday as easing inflation led investors to price two U.S. rate cuts in 2024. According to CME FedWatch, over 50 percent of traders are pricing in a rate cut in September. Asian markets traded sharply higher after all three major U.S. averages notched record closing highs overnight....
The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Thursday amid risl appetite, as traders reacted positively to a closely watched report on U.S. consumer price inflation that showed a smaller-than-expected increase in the month of April to reinforce expectations the U.S....
Asian stocks rallied on Thursday after Wall Street\'s three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024. Gold was little changed in Asian trading after climbing by 1 percent on...