The Switzerland market briefly advanced to positive territory after a weak start Monday morning, but retreated swiftly and spent the rest of the day\'s session in the red as investors stayed wary of picking up stocks amid a lack of significant triggers. Investors looked ahead to the Swiss National Bank\'s monetary policy announcement, due later...
The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors awaited central bank decisions and comments from Federal Reserve officials for clues about the central bank\'s likely monetary policy moves. On Sunday, Minneapolis Fed President Neel Kashkari said that it\'s a \"reasonable prediction\" that the U.S. central bank...
The Canadian market ended weak on Monday, losing for a third straight day, as uncertainty about the outlook for U.S. interest rates, and lower metal prices weighed on sentiment. The benchmark S&P/TSX Composite Index, which fell to 21,466.60 in the first hour, losing more than 160 points, recovered gradually and finally ended the day\'s session...
The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent. South Korea will release May figures for imports, exports and...
At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision on interest rates. The RBA kept its benchmark lending rate unchanged at 4.35 percent, as expected. After the RBA rate decision, the Australian dollar fell against its major rivals. As of 12:31 am ET, the...
European stocks are likely to open on a steady note Tuesday after the S&P 500 and Nasdaq scored record closing highs overnight, led by gains in the technology sector on enthusiasm over artificial intelligence. Amid signs of easing inflation in the United States, investors await more U.S. economic data and Federal Reserve officials\' speeches this...
Economic sentiment survey results from Germany and final inflation from the euro area are the top economic news due on Tuesday. At 3.00 am ET, final inflation figures are due from Austria. The initial estimate showed that the consumer price inflation eased to 3.3 percent in May from 3.5 percent in April. At 5.00 am...
The Australian dollar recovered from recent lows against other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 6-day high of 1.0828 against the NZ dollar, from an early low of 1.0782. Against the U.S. dollar and the yen, the aussie advanced to 4-day highs of 0.6628 and 104.61 from...
The Reserve Bank of Australia decided to leave its benchmark rate at a 12-year high for a fifth straight meeting and underscored that inflation is slowing more slowly than anticipated, leaving the door open for a possible rate hike. The policy board of the RBA, led by Governor Michele Bullock, retained the cash rate target...
Asian stocks advanced on Tuesday after a rally in several technology shares drove Wall Street to another record high overnight. The dollar took a breather ahead of key U.S. retail sales and business activity data as well as speeches from several Federal Reserve officials due this week. Gold was little changed while oil consolidated recent...