Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates amidst market volatility. Oil prices jumped about 1.5 percent on Middle East tensions and supply constraints in Libya, having fallen at the start of the week … Read more
Retail sales in the United States slipped less than analysts anticipated in June on a weaker performance in the auto and gas segments, government data showed Tuesday. The slower consumption growth adds to recent data showing that the world’s biggest economy is cooling gradually, although there is still some way to go. A downward trend … Read more
Equity markets and the dollar wavered Monday as investors mulled the impact of the assassination attempt on Donald Trump, while the luxury goods sector was slammed by plunging profits at both British fashion label Burberry and Swiss watch group Swatch. European stocks edged downwards after a divergent performance in Asia, with the focus mainly on … Read more
Global stock markets mostly advanced on Friday as traders increasingly expect the US Federal Reserve to cut interest rates. Tokyo bucked the trend as the yen shot higher on possible central bank intervention. Wall Street’s main indices rose at the opening bell despite bank shares taking a hit at the start of the earnings season … Read more
Stock markets mostly climbed and the dollar diverged Friday awaiting key US inflation data and with focus on upcoming global elections and yen weakness. Traders are waiting on the personal consumption expenditures index reading — the Federal Reserve’s preferred gauge of inflation that could help determine its plans for cutting interest rates. The PCE report … Read more
The yen, weakened by the Japanese government’s easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities. Stocks slid across the globe despite a tech rebound on Tuesday, as investors prepared for the release of crucial US inflation data. The yen slid as far as … Read more
Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. The readings came ahead of the release of the central bank’s favoured gauge of inflation later in the day, which could provide more of an … Read more
Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows | Photo Credit: PTI Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows. Extending its previous … Read more
Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American. Anglo American shares vaulted more than three percent in morning deals to top London’s risers after a report that Swiss-based commodities giant Glencore was considering a … Read more
