The U.S. dollar shed ground against its major counterparts on Thursday after data from the Labor Department showed an increase in jobless claims. Investors now look ahead to the crucial monthly non-farm payroll data, due on Friday, for clues on the Federal Reserves interest rate moves. Data from the Labor Department said initial jobless claims...
Indian shares may open on a cautious note Friday as investors await the Reserve Bank of Indias (RBI) monetary policy decision later in the day for directional cues. After recent worrying prints of headline inflation and gross domestic product (GDP), analysts remain divided on whether the rate-setting panel will maintain its stance on the key...
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched monthly US jobs data later in the day that will offer clues on the US Feds interest rate...
Indian shares were little changed on Friday ahead of the Reserve Bank of Indias (RBI) monetary policy decision later in the day, with analysts remaining divided on whether the rate-setting panel will maintain its stance on the key interest rates or go for its first policy reduction since February 2023. The benchmark S&P BSE Sensex...
European stocks may open on a sluggish note Friday as traders take stock of political turmoil in South Korea and France and await the all-important U.S. nonfarm payrolls report due later in the day for additional clues on the Feds rate trajectory. Economists expect U.S. employment to jump by 200,000 jobs in November after an...
The U.S. Food and Drug Administration has announced further recalls of multiple products with cucumber, which has been recalled recently following ongoing Salmonella outbreak. Supreme Service Solutions LLC, dba Supreme Produce, has called back Supreme Produce cucumber products, and Yummi Sushi LLC has called back multiple sushi products with cucumber, citing potential to be contaminated...
Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid risk aversion, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched monthly U.S. jobs data later in the day that will offer...
Elon Musks artificial intelligence startup X.AI Corp., doing business as xAI, has raised $6 billion in its new funding round, according to a filing with the U.S. Securities and Exchange Commission. With the latest capital raise, the company reportedly stands at more than $40 billion valuation. The new funding round brings xAIs total raised fund...
Asian stocks ended mixed on Friday, with Chinese and Hong Kong markets outperforming ahead of an annual economic policy meeting scheduled for next week. A cautious undertone prevailed ahead of a U.S. jobs report due later in the day that might shift expectations for Federal Reserve rate cuts. The dollar weakened, helping gold prices push...
German stocks were little changed on Friday as investors continued to monitor the latest political developments in France and South Korea, and awaited the release of U.S. payrolls data later in the day that could alter the odds of a Federal Reserve rate cut later this month. Traders currently price in a 68 percent chance...