German stocks rallied on Friday, a day after the European Central Bank opened the door to a rate cut in June. Meanwhile, German consumer price inflation eased to the lowest level in nearly three years, as initially estimated in March amid lower costs for food and energy, final data from Destatis revealed earlier today. Consumer...
French stocks traded sharply higher on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. Meanwhile, France\'s consumer price...
U.K. stocks were sharply higher on Friday as higher commodity prices lifted mining and energy stocks. In economic releases, the U.K. economy posted a meagre growth in February, the Office for National Statistics reported earlier today. Real gross domestic product edged up 0.1 percent on a monthly basis in February, following a revised 0.3 percent...
Singapore central bank left its monetary policy stance unchanged as core inflation is projected to stay elevated in the immediate quarters ahead, while the economy logged a weaker-than-expected growth on softer manufacturing and construction activity. The Monetary Authority of Singapore decided to retain the prevailing rate of appreciation of the S$NEER policy band. There will...
European stocks rallied on Friday after a European Central Bank (ECB) poll of professional forecasters showed that inflation in the euro zone will fall to 2 percent in 2025 and stay there in the longer term, giving the clearest indication that the ECB could cut interest rates in June. In-line regional inflation and GDP data...
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Asian stocks traded lower following the sell-off on Wall Street overnight, on renewed concerns over the outlook for interest rates, with the likelihood of a rate cut in June remaining uncertain. Higher energy prices will keep inflation elevated and convince...
UK house prices declined for the first time in six months in March, data published by the mortgage lender Halifax showed Friday. House prices dropped 1.0 percent on a monthly basis in March, in contrast to the 0.3 percent rise in February. This was the first decrease since September. Prices were expected to climb 0.3...
Viking Holdings Ltd. announced Friday that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares. The company has not determined the number of ordinary shares to be offered and the price range for the proposed offering....
Arch Insurance North America, part of Arch Capital Group Ltd. (ACGL), announced Friday it has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration to Allianz. Arch estimates its capital...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. shot up by much more than expected in the month of March. The Labor Department said non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised 270,000 jobs in February. Economists had expected employment...