Asian stocks slipped into the red on Tuesday, with Chinese and Hong Kong markets leading losses, as investors await U.S. President-elect Trumps stance on the economy, immigration, foreign policy and more. Gold hovered near a one-month low on dollar strength amid expectations that U.S. interest rates will stay higher for longer. Oil extended declines for...
The U.S. dollar strengthened against other major currencies in the Asian session on Tuesday, as investors believed that they would benefit from the upcoming government of Donald Trump. Though the markets are optimistic that Trumps policies such as tax reductions and deregulation will help boost corporate earnings, they see an uptick in inflation amid proposed...
European stocks traded lower on Tuesday after reports emerged that U.S. President-elect Donald Trump will appoint Michael Waltz as his national security adviser and Marco Rubio as secretary of state, indicating hardline positions on China, Iran and Venezuela. Meanwhile, according to data provider DDHQ, Trumps Republican Party had won a majority in the U.S. House...
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...