The UK unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. The unemployment rate rose to 4.3 percent in the September quarter from 4.0 percent in three months to August period, the Office for National Statistics reported Tuesday....
The British pound weakened against other major currencies in the European session on Tuesday. The pound fell to a 3-month low of 1.2792 against the U.S. dollar, from an early high of 1.2874. Against the Swiss franc and the yen, the pound slid to 4-day lows of 1.1280 and 196.89 from early highs of 1.1339...
The British pound weakened against other major currencies in the European session on Tuesday, after the U.K. unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. Data from the Office for National Statistics showed that the unemployment rate...
The Chinese yuan weakened against the U.S. dollar in the European session on Tuesday, amid concerns about possible tariffs on Chinese imports by U.S. President-Elect Donald Trump. Markets are nervous as they seek clarity on U.S. President-elect Donald Trumps policy proposals, including increased tariffs, and await key U.S. inflation reading later in the week for...
Indian shares tumbled on Tuesday amid lingering concerns over FII outflows and disappointment stemming from a weak earnings season. Sluggish cues from Asia and Europe also dented sentiment as traders awaited clarity on U.S. President-elect Donald Trumps policy proposals on global geopolitics, U.S.-China relations, NATO, immigration, and economic policies. The U.S. dollar held near a...
Shares of Bayer AG were losing around 11 percent in the morning trading on Germanys XETRA after the pharmaceutical and life sciences major reported Tuesday loss in its third quarter and weak adjusted EBITDA, amid nearly flat sales. The net loss, however, was narrower than last year, while EBIT loss widened. Further, the company trimmed...
German economic sentiment deteriorated in November as the victory of Donald Trump in the US presidential election and the collapse of the German government coalition damped expectations, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment dropped to 7.4 in November from 13.1 in the previous month. The index...
Meat processor Tyson Foods, Inc. (TSN) reported Tuesday a profit for the fourth quarter compared to a loss last year, reflecting improved margins and sales growth. Both adjusted earnings per share and quarterly sales topped analysts expectations. However, the company provided weak sales guidance for the full-year 2025. In Tuesdays pre-market trading on Nasdaq, TSN...
U.S. stocks are broadly higher on Monday, although the technology sector is seeing some weakness due to profit taking. The Dow and the S&P 500 climb to new record highs this morning, and remain fairly well placed in positive territory. Investors continue to cheer Donald Trumps win in the presidential election, and remain optimistic that...
The U.S. dollar climbed against its major counterparts in the New York session on Monday, as investors await upcoming U.S. inflation data and speeches by Federal Reserve officials for additional clues to the Feds rate trajectory. U.S. reports on consumer and producer prices, retail sales and industrial production due later in the week may provide...