The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as investors digested mixed economic data and awaited key inflation data due on Friday. Data from the Labor Department showed that initial jobless claims fell more than expected in the week ended June 22. The Labor Department said initial jobless...
European stocks closed broadly lower on Thursday amid concerns about inflation and lingering uncertainty about the outlook for Fed interest rates. Investors awaited the data on U.S. personal consumption expenditure for clues about Fed policy moves. Investors also braced for the first round of French parliamentary elections due over the weekend. Higher bond yields weighed...
The Switzerland market ended slightly down on Thursday after a choppy session, with investors largely refraining from making significant moves ahead of crucial U.S. personal income & spending data. The benchmark SMI ended with a marginal loss of 11.41 points or 0.09% at 12,004.31, after scaling a low of 11,990.32 and a high of 12,050.52...
The U.S. dollar shed ground against most of the major currencies on Thursday with traders reacting to the latest batch of economic reports, and looking ahead to the Commerce Department\'s report on personal income and spending in the month of May, which includes readings on inflation said to be preferred by the Federal Reserve. The...
The Thai stock market on Thursday snapped the four-day winning streak in which it had gathered more than 20 points or 1.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,310-point plateau although it may tick higher again on Friday. The global forecast for the Asian markets is flat to slightly higher...
Indian shares may open on a positive note Friday as investors react to positive cues from other Asian markets and SEBI\'s decision to tweak F&O rules and ease delisting norms. Meanwhile, the inclusion of India\'s government bonds into JPMorgan Chase & Co. emerging markets index from today is expected to open up a $1.3 trillion...
Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as bond yields declined on expectations that the US Fed will cut interest rates this year to prevent a bigger slowdown in the world\'s largest economy. Asian markets ended mostly lower on Thursday. Federal Reserve Bank of...
Indian shares opened on a positive note Friday as global bond yields declined on expectations that the U.S. Federal Reserve will cut interest rates this year to prevent a bigger slowdown in the world\'s largest economy. Federal Reserve Bank of Atlanta President Raphael Bostic said he continues to expect one interest rate cut this year...
European stocks are seen opening broadly higher on Friday as investors eagerly await the release of closely watched U.S. inflation data later in the day that may shed additional clues on the interest-rate outlook. The Commerce Department\'s report on personal income and spending for May includes readings on inflation said to be preferred by the...
Moderna, Inc. (MRNA) announced Friday that the European Medicines Agency\'s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the granting of marketing authorization in the European Union for mRESVIA (mRNA-1345) to protect adults aged 60 years and older from lower respiratory tract disease caused by RSV infection. Following...