The South African rand recovered against the U.S. dollar in the New York session on Thursday. The South African rand rose to 18.09 against the greenback, from an early nearly 2- week low of 18.26. If the currency rises further, it is likely to test resistance around the 17.5 region.
The U.S. dollar pulled back against the Swiss franc in the New York session on Thursday. The greenback retreated to 0.8825 against the franc, from an early high of 0.8848. The currency is likely to locate support around the 0.88 level.
The Canadian market recorded a new closing high Thursday with energy stocks contributing significantly to the rise. The volume of business was thin due to Thanksgiving holiday in the U.S. The benchmark S&P/TSX Composite Index posted a new all-time high of 25,593.47 and closed up 55.22 points or 0.22% at 25,543.52. Energy stocks Ces Energy...
Indian shares look set to open on a steady note Wednesday as Middle East tensions abated, and the dollar index slid in international markets amid uncertainty over Trumps tariff plans. Investors will also react to the latest FOMC meeting minutes, which suggested that U.S. monetary policy decisions were not on a preset course and were...
Indian shares struggled for direction in early trade on Wednesday, tracking mixed cues from other Asian markets as uncertainty prevails over Trumps tariff plans. Also, the latest FOMC meeting minutes indicated that U.S. monetary policy decisions were not on a preset course and were conditional on the evolution of the economy and the implications for...
The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential. The Monetary Policy Committee governed by Adrian Orr decided to reduce the Official Cash Rate to 4.25 percent from 4.75...
European stocks are seen opening broadly lower on Wednesday as investors ponder over Donald Trumps tariff plans and await the Feds preferred readings on consumer price inflation later in the day for additional clues on the Feds rate trajectory. Trump on Tuesday named another China sceptic, Jamieson Greer, his trade envoy, a key figure in...
French stocks fell sharply on Wednesday, with banks suffering heavy losses as the risk premium investors demand to hold French debt rose to its highest level since 2012 amid fiscal and political turbulence and angst over the fate of the new government. Banks BNP Paribas, Credit Agricole and Societe Generale fell 2-3 percent while the...
U.K. stocks eked out modest gains in cautious trade on Wednesday as investors awaited the release of the Federal Reserves preferred measure of inflation and weighed the potential impact of U.S. President-elect Donald Trumps tariff proposals on economic growth. The benchmark FTSE 100 was up 12 points, or 0.2 percent, at 8,271 after declining 0.4...
European stocks traded lower on Wednesday as investors fretted about potential inflationary pressures arising from U.S. President-elect Donald Trumps proposed tariff policies. It is feared that Trumps economic plans, particularly tax cuts and tariffs, could have a substantial impact on the Federal Reserves plans to lower interest rates. Investor sentiment was also dented as the...