European stocks rose on Thursday as voting began across polling stations in the U.K., with polls predicting a historic win for the Labour party. Elsewhere, investors remain hopeful 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...
European stocks are likely to open on a mixed note Friday in the absence of directional cues from Wall Street. Automakers could be in focus as the as the European Union decided to proceed with planned tariffs on electric vehicle imports from China with effect from July 5, 2024, despite Beijing\'s warnings the move would...
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as speculation rose that the Japanese authorities have intervened the currency market to prop up the currency. Traders remain cautious ahead of the crucial U.S. monthly jobs report later in the day for cues on the outlook for interest rates. In...
Germany\'s industrial production declined unexpectedly in May suggesting that the economy is losing steam, official data revealed on Friday. Industrial production posted a monthly decline of 2.5 percent in May, reversing a revised 0.1 percent rise in April, Destatis reported. Output was expected to grow 0.2 percent. The decline was largely driven by substantial decreases...
European stocks closed higher on Wednesday, with investors building up some positions ahead of elections in the U.K., and France, scheduled to take place on Thursday and Sunday, respectively. Investors digested the latest batch of economic data from Europe and the U.S., as well as some corporate news from the region. Dovish comments from Federal...
After a positive start and a subsequent drop to lower levels, the Switzerland market stayed subdued till a little before noon on Wednesday, but climbed higher subsequently, and despite paring gains as the day progressed, ended the session slightly up. The mood was a bit cautious with investors awaiting data on Swiss inflation and unemployment,...
The U.S. dollar moved down against its major counterparts in the New York session on Wednesday, amid growing hopes of a rate cut by the Federal Reserve in September following the release of weak labour market data and ISM services PMI. Data from payroll processor ADP showed that U.S. private sector employment increased slightly less...
The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing officials are still not prepared to begin cutting interest rates. The minutes of the June 11-12 meeting said participants noted that progress in reducing inflation toward the Fed\'s 2 percent target had been slower this year than they had expected...
The Canadian market is up with strong gains Wednesday afternoon with stocks from several sectors moving higher on sustained buying support amid hopes the Federal Reserve will cut interest rate in September. Materials shares are up sharply on rising metal prices. Industrials, healthcare, utilities and financials shares are among the other major gainers. The benchmark...
The U.S. dollar drifted lower on Wednesday after data showing a less than expected increase in U.S. private sector employment growth, and an unexpected contraction in the nation\'s service sector activity raised hopes of a rate cut by the Federal Reserve in September. A report released by the Institute for Supply Management showed an unexpected...