The Switzerland market ended marginally down on Tuesday despite trading higher till a couple of hours past noon. Investors digested the latest batch of economic data from the European region, and looked ahead to the release of Fed minutes, and Fed Chair Jerome Powells speech at Jackson Hole, due on Wednesday and Friday, respectively. The...
The U.S. dollar moved down against its major counterparts in the New York session on Tuesday, as investors await the Federal Reserves annual Jackson Hole Economic Symposium, where Chair Jerome Powell is scheduled to deliver a speech on Friday. Growing expectations of an interest rate cut by the Fed at its September meeting also weighed...
The U.S. dollar weakened against its major counterparts on Monday with investors awaiting the minutes from the Federal Reserves July meeting, and Fed Chair Jerome Powells speech at the annual Jackson Hole Economic Symposium. The dollars weakness is due to rising expectations of an interest rate cut by the U.S. central bank in September. According...
German stocks traded higher on Wednesday amid little corporate or economic news. Across the Atlantic, traders eye the Federal Reserves July meeting minutes and preliminary revisions to U.S. labor data for clues on the Feds rate trajectory. The dollar dipped against major currencies, tracking overnight declines in U.S. Treasury yields as investors brace for Fed...
French stocks traded slightly higher on Wednesday as investors awaited cues on future rate cuts in the U.S. Minutes of the Feds July meeting due to be published later today and Fed Chair Powells keynote speech at Jackson Hole Symposium on Friday are expected to provide greater clarity on monetary policy easing. Experts anticipate Powell...
U.K. stocks were marginally higher on Wednesday amid signs of easing Middle East tensions and growing expectations of a Fed rate cut in September. In economic releases. U.K. government borrowing in July exceeded the official estimate and also hit the highest for the month since 2021 due to the increase in public spending, data from...
European stocks eked out modest gains in cautious trade on Wednesday ahead of the release of the Federal Reserves July meeting minutes and preliminary revisions to U.S. labor data later in the day. The dollar dipped against major currencies, tracking overnight declines in U.S. Treasury yields as investors brace for Fed Chair Jerome Powells upcoming...
Despite low inflation, the Bank of Thailand left its benchmark interest rate unchanged for the fifth straight session amid the fiscal policy uncertainty. The Monetary Policy Committee voted 6-1 to hold the policy rate at 2.50 percent, the highest in more than a decade. The decision came in line with expectations. One member sought 25...
Netflix Inc. shares gained around 2 percent, reaching its highest value in three years, after the streaming video giant disclosed more than 150 percent increase in upfront ad sales commitments in 2024 compared to 2023, in line with expectations. In a statement, the Los Gatos, California-based company said it closed deals with all major holding...
Indian shares ended a choppy session slightly higher on Wednesday, tracking mixed cues from global markets. A cautious undertone prevailed ahead of the release of the Federal Reserves July meeting minutes and preliminary revisions to U.S. labor data later in the day that could provide greater clarity on monetary policy easing. Investors also braced for...