Asian stocks ended mostly lower on Thursday, even as Chinese and Hong Kong markets advanced on the back of strong trade data. A cautious undertone prevailed as uncertainty over Fed rate cuts deepened, and fighting and bombardment continued on the outskirts of the southern Gaza city of Rafah. The dollar traded firm on hawkish Fed...
German stocks saw modest gains in cautious trade on Thursday ahead of the monetary policy announcement from the Bank of England (BoE) later in the day. The BoE\'s nine-member monetary policy committee is widely expected to keep the benchmark rate unchanged at 5.25 percent for the sixth consecutive meeting, with investors looking for clues on...
French stocks declined on Thursday as uncertainty over Fed rate cuts deepened and Israel forces pushed ahead with attacks on Rafah. Traders also awaited the outcome of a Bank of England policy meeting later in the day for further direction. The benchmark CAC 40 was down 12 points, or 0.2 percent, at 8,119 after climbing...
U.K. stocks held steady on Thursday ahead of a policy meeting of the Bank of England (BoE) later in the day. The central bank is set to hold its policy rate flat for a sixth meeting in a row, with focus likely to be on the MPC vote split, inflation outlook and Governor Andrew Bailey\'s...
European stocks traded mixed on Thursday as uncertainty over Fed rate cuts deepened, and Israel forces pushed ahead with attacks on Rafah. Traders also awaited the outcome of a Bank of England (BoE) policy meeting later in the day for further direction. The central bank is set to hold its policy rate flat for a...
The Philippine economy expanded at a faster pace in the first quarter but the rate fell short of expectations on weaker domestic demand growth amid tight monetary policy. Gross domestic product grew 5.7 percent from a year ago after rising 5.5 percent in the fourth quarter of 2023, the Philippine Statistics Authority reported Thursday. Growth...
Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.25 per share, compared to $0.37 per share in the year-ago...
The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early...
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week\'s revised level of 209,000. Economists had expected jobless claims...
The U.S. dollar fell against its major counterparts in the New York session on Thursday, as weekly jobless claims rose more than expected last week, the highest level since August 2023. Data from the Labor Department showed that initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week\'s revised level of...