The economic activity in the US manufacturing sector continued to contract at an accelerating pace in January with the ISM Manufacturing PMI dropping to 47.4 from 48.4 in December. This reading came in below the market expectation of 48. Underlying details of the report revealed that the Employment Index edged …

If markets are expecting a 25 basis point hike and eventually a 50 basis point hike is announced, that would be somewhat of a surprise. So, markets would react … Read: What Do Markets Expect From First FOMC Decision in 2023? The US Federal Reserve will announce its monetary policy …

European stocks rose on Wednesday, supported by gains in Novo Nordisk and other healthcare stocks, with eyes focused on the Federal Reserve’s interest rate decision later in the day. The pan-European STOXX 600 was up 0.3% by 0814 GMT, after a 6.7% jump last month when it posted its biggest …

Oil prices were generally stable on Wednesday as markets awaited the meeting of OPEC and its allies, the Federal Reserve’s decision on interest rates, and US government data on crude and fuel inventories. Brent crude futures fell 11 cents, or 0.1 percent, to $85.35 a barrel by 0949 GMT, while …

Japan’s Nikkei index gave up early gains to end Wednesday’s session little changed, as caution dominated the market ahead of a crucial Federal Reserve decision later in the day. At the same time, the difference between the winning and losing stocks was significant, amid investors’ interaction with the local earnings …

The dollar settled largely against other major currencies on Wednesday, after falling in the previous session following US data that indicated a lull in wage pressures, while investors awaited the conclusion of the Federal Reserve’s policy meeting. The US central bank is expected to raise interest rates by 25 basis …

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 106,000 in January. This reading followed December’s growth of 253,000 (revised from 235,000) and missed the market expectation for an increase of 178,000 by a wide margin.

ExxonMobil stock dipped before recovering in premarket trading on Tuesday, after confirming expectations of one of corporate America’s biggest ever annual profits. The oil and gas group said it made $12.8 billion in the final quarter of the year, bringing total profit for 2022 to $55.7B. Reported earnings per share at $3.09 …

Official data showed on Tuesday that Turkey’s foreign trade deficit rose 137 percent year-on-year to $109.54 billion in 2022, according to the general trade system. The deficit increased in December by 42 percent from the previous year. According to data from the Turkish Statistical Institute, exports rose in 2022 by …

Over the past year, the Bank of England (BoE) has increased its interest rate from almost zero to 3.5%, adopting a more aggressive escalation policy during the second semester as the inflation rate soared to double digits for the first time in nearly fifty years. The Fed signalled a slowdown …