The U.S. Dollar declined significantly during the week ended July 5 amidst weak economic data from the U.S. that renewed expectations of a rate cut by the Fed. The greenback weakened against the euro, the pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona as well as the Swiss franc. The...
The pound strengthened against its major counterparts in the New York session on Monday, as Labour leader Keir Starmer\'s landslide victory in last week\'s election secured political stability. Starmer pledged to begin the work of change, the mission of national renewal and rebuild the country. The Labor won 411 seats in the House Of Commons,...
European stocks turned in a mixed performance on Monday, and the major markets in the region closed slightly down, as investors reacted to the results of French parliamentary elections, and awaited Fed Chair Jerome Powell\'s testimony this week for clues on U.S. central bank\'s policy path. A left-wing alliance won the most seats in the...
Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders seemed reluctant to make significant moves ahead of key US inflation data later in the week, which is expected to show a slowdown in the pace of annual price growth, could impact the outlook for interest rates....
Indian shares were seeing modest gains in early trade on Tuesday, with FMCG and auto stocks pacing the gainers ahead of the earnings season. The benchmark S&P/BSE Sensex edged up 186 points, or 0.2 percent, to 80,146 despite mixed cues from global markets. The broader NSE Nifty index was up 50 points, or 0.2 percent,...
European stocks look set to open mostly lower on Tuesday as investors fret about France\'s uncertain political outlook, the country\'s economic stability and growth. U.K. stocks may rise at open after Britain\'s finance minister Rachel Reeves set out plans to unblock infrastructure projects and private investment as part of a new \"national mission\" to drive...
Australia\'s business confidence improved in June to the highest since early 2003 but consumer sentiment remained deeply pessimistic in July largely due to fears of persistent inflation and interest rate hikes, private survey results showed on Tuesday. The business sentiment index advanced to +4 in June from -2 in May, monthly survey data from NAB...
French stocks rose on Thursday amid optimism that the far-right National Rally (RN) party would not get a majority of seats in the French parliament. France\'s leftist and centrist parties have pulled hundreds of candidates from Sunday\'s high-stakes election in a coordinated attempt to prevent the RN from ascending to power. The centrists and the...
The Swiss franc weakened against other major currencies in the European session on Thursday, as Switzerland\'s consumer price inflation eased unexpectedly in June. Data from the Federal Statistical Office showed that the consumer price index rose 1.3 percent on a yearly basis, following May\'s stable increase of 1.4 percent. Meanwhile, economists had expected the inflation...
U.K. stocks traded higher on Thursday as voting began across polling stations, with polls predicting a historic win for the Labour party. The benchmark FTSE 100 was up 58 points, or 0.7 percent, at 8,229 after gaining 0.6 percent on Wednesday. Barclays shares rose 1.4 percent. Barclays Bank Ireland has agreed the sale of certain...