Indian shares look set to open on a tepid note Friday, tracking mixed cues from global markets as investors await Fed Chair Jerome Powells Jackson Hole speech later in the day for greater clarity on the upcoming policy action by the U.S. central bank. Meanwhile, the monthly economic review for July released by the Finance...
Indian shares struggled for direction in early trade on Friday as investors awaited cues from U.S. Federal Reserve Jerome Powells speech at the ongoing Jackson Hole Economic Symposium. Markets are looking for new clues on the timing and pace of possible interest rate cuts by the Fed this year. The BSE Sensex was down 4...
European stocks are likely to open on a mixed note Friday as investors await Fed Chair Jerome Powells Jackson Hole speech later in the day for greater clarity on the timing and pace of possible interest rate cuts this year. Swaps pricing currently indicates three 25 basis point cuts across the remaining three Fed policy...
Japans core inflation edged up in July as expected on higher energy prices but underlying inflation fell below the 2 percent target for the first time since 2022, adding uncertainty over another interest rate hike from the Bank of Japan. Core inflation that excludes prices of fresh food rose marginally to 2.7 percent in July...
Uber Technologies, Inc. and Cruise LLC, the autonomous vehicle company owned by General Motors Co., are joining to offer Cruise autonomous vehicles through the Uber platform. The companies, which are revolutionizing transportation, agreed on a multiyear strategic partnership that will be launched next year. Under the deal, a number of Chevy Bolt-based autonomous vehicles will...
The Japanese yen retreated from recent highs against other major currencies in the Asian session on Friday, as traders remain reluctant to continue buying stocks ahead of the Kansas City Feds Jackson Hole Economic Symposium, which gets underway later in the day. They look ahead to Fed Chair Jerome Powells comments for further clarity about...
The pound advanced against its major counterparts in the New York session on Wednesday, ahead of the release of the Federal Reserves July meeting minutes that could provide greater clarity on monetary policy easing. Remarks by Fed Chair Jerome Powell and other Fed officials at the Jackson Hole Economic Symposium later in the week may...
European stocks closed broadly higher on Wednesday, thanks largely to gains in the mining sector. The undertone remained firm amid continued optimism about an interest rate cut by the Federal Reserve next month. The Labor Department today revealed the U.S. economy created 818,000 fewer jobs than originally reported in the twelve-month period ended March 2024....
The Switzerland market ended marginally down on Wednesday after spending much of the days session in negative territory, as investors largely refrained from making significant moves, choosing to wait for more clarity about the quantum of interest rate cut by the Federal Reserve. The benchmark SMI ended down 16.45 points or 0.13% at 12,250.11, after...
Frances private sector expanded in August for the first time since April driven by the upturn in services activity, flash survey results from S&P Global showed on Thursday. The composite output index rose to 52.7 in August from 49.1 in July. The score was forecast to remain unchanged at 49.1. This was the first time...