Tag Archives: currencies

European shares opened higher on Thursday, ahead of what could be the largest interest rate hike ever announced by the European Central Bank. Mining and banking stocks led the gains. Markets are awaiting the size of the central bank’s increase in the main interest rate. The bank is studying a …

Japan’s Nikkei closed at a one-week high on Thursday, tracking the strong close on Wall Street Wednesday night, while the yen’s slide against the dollar raised hopes for better prospects for local businesses. The Nikkei jumped 2.31 percent to 28,065.28 points, its highest closing level since Aug. 31. The index …

European shares opened lower on Wednesday as mining and energy companies led the losses as investors remained concerned about the outlook for demand in the wake of weak trade data from China. The European oil and gas index was down 2.2 percent by 0720 GMT, while the mining index lost …

Japanese stocks fell on Wednesday as continued investor fears about an economic slowdown outweighed the strong performance of exporters’ shares, which rose on the yen’s fall. The Nikkei index fell 0.71 percent, tracking losses overnight on Wall Street, as the three major indexes fell after the US services sector report …

The Japanese yen, sensitive to interest rate moves, continued to decline on Tuesday, breaking the 142 barrier against the dollar, while the pound and the euro tried to recover from multi-year lows against the dollar the day before, but the euro failed to do so. The dollar rose 1.07 percent …

European shares rose on Tuesday, after a difficult start to the week as concerns about a looming energy crisis and recession weighed on risk appetite. The Stoxx 600 index rose 0.5%, moments after the start of trading, and is heading to recover from a loss of 0.6% in the previous …

The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens. The yen plunged to 140.97 per dollar, its lowest level since 1998, and …

Japan’s Nikkei on Tuesday halted a four-session losing streak as investors returned to buy shares, buoyed by gains in Fast Retailer stock. The Nikkei index rose 0.02 percent to 27626.51 points after falling to negative territory for moments, while the broader Topix index fell slightly by 0.11 percent to 1926.58 …

European shares fell on Monday after Russia extended a halt to gas flows through the Nord Stream 1 pipeline to Europe, raising concerns about energy prices and growth and prompting governments to announce emergency measures. The pan-European Stoxx 600 index was down 1.6 percent by 0713 GMT, while the German …

The dollar is set to post a third straight week of gains, approaching a 20-year high against other major currencies, with investors focused on US jobs data to be released later on Friday which could reinforce the trend of big interest rate hikes. The US currency has been rising since …