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...
With recent economic data increasing confidence the Federal Reserve will lower interest rates next month, the minutes of the central banks latest monetary policy meeting seemingly provided additional support for that sentiment. The minutes of the Feds late July meeting, released Wednesday afternoon, revealed that the vast majority of participants believed it would likely be...
Despite data showing a big drop in U.S. crude inventories in the week ended August 16th, oil prices fell to a seven-month low on Wednesday amid concerns about the outlook for demand. Data from the Labor Department saying the U.S. economy added far fewer jobs than originally reported in the year through March presumably hurt...
The U.S. dollar extended decline against its major counterparts in the New York session on Wednesday, as the minutes from the Federal Reserves July meeting reinforced expectations for a rate cut in September. The minutes showed that vast majority of participants believed it would likely be appropriate to lower rates at the next meeting if...
The Canadian market posted a fresh record closing high on Wednesday, lifted by gains in materials and technology stocks, as optimism about U.S. interest rate cut aided sentiment. The benchmark S&P/TSX Composite Index ended up 84.29 points or 0.37% at 23,121.73, a new closing high. Apart from technology and materials shares, real estate, healthcare and...
The U.S. dollar dropped to a more than 7-month low on Monday, weighed down by the prospects of an interest rate cut by the Federal Reserve in September. According to CME Groups FedWatch Tool, there is a 75.5% of a quarter point rate cut next month and a 24.5% chance of a half point rate...
The Canadian market ended on a positive note on Monday, extending its winning run to an eighth straight session. The benchmark S&P/TSX Composite Index recorded a fresh record closing high as well, with solid gains in the materials section contributing to its upmove. The Canadian benchmark ended with a gain of 61.78 points or 0.72%...