The US dollar rose on Friday, trying to recover losses after the biggest daily decline in more than two weeks, with traders’ focus shifting to US jobs data for more indications of the economy’s strength. The dollar index, which measures the performance of the US currency against a basket of …
Read More »European shares stabilize before US jobs data
European shares stabilized on Friday as eyes turned to US jobs data expected later. Investors assessed the Bank of England’s biggest rate hike in 27 years amid growing fears of a recession. By 0705 GMT, the pan-European Stoxx 600 index settled, amid fears of slowing growth in the world’s largest …
Read More »Fed officials’ statements supporting USD, Pound awaits a rate hike
The dollar held onto recent gains against other major currencies on Thursday, as comments from Federal Reserve officials reinforced the US central bank’s determination to tackle the highest inflation rate in decades with massive interest rate hikes. Meanwhile, the Bank of England is widely expected to raise interest rates by …
Read More »European shares rise, supported by strong earnings results
European shares rose on Thursday following strong results for several companies, while the focus is on the Bank of England, which is expected to raise interest rates by the most since 1995. The pan-European Stoxx 600 index rose 0.1 percent, following the path of Asian stocks, which rose 0.4 percent, …
Read More »European shares fall before the release of important economic data
European shares fell in early trading on Wednesday, ahead of key business growth data, as broader markets awaited the potential fallout from US House Speaker Nancy Pelosi’s visit to Taiwan. The pan-European Stoxx 600 index was down 0.2 percent by 7:10 GMT. Investors are awaiting important data on business and …
Read More »Nikkei rises as investors look for strong results
Japan’s Nikkei index closed higher on Wednesday, recovering from the previous session’s losses, as investors turned to Daikin Industries and other companies that posted solid gains. The Nikkei index rose 0.53 percent to 27,741.90 points, falling 1.42 percent on Tuesday, its biggest daily loss in three weeks. The broader Topix …
Read More »European shares decline, affected by fears of recession and Sino-American tension
European shares fell on Tuesday, August 2 after weak global factory data reinforced fears of an economic slowdown, while markets were nervous ahead of US House Speaker Nancy Pelosi’s upcoming visit to Taiwan. By 7:08 GMT, the pan-European Stoxx 600 index was down 0.6%. Three sources said Pelosi was expected …
Read More »Japan shares close lower, driven by US-China tension and a stronger yen
Japanese stocks closed lower on Tuesday as tensions escalated between Beijing and Washington ahead of a possible visit by US House Speaker Nancy Pelosi to Taiwan on Tuesday. At the same time, the yen’s rally against the dollar fueled a sell-off in exporters’ shares. The Nikkei index fell 1.42 percent …
Read More »European shares stabilize amid fears of recession, despite positive results
European shares settled on Monday ahead of a slew of manufacturing activity data, as disappointing Chinese economic data raised fears of a global economic slowdown while erasing a jump in banking shares after strong HSBC results. The pan-European Stoxx 600 index settled at 7:09 GMT, tracking the effect of the …
Read More »Japan shares post biggest gains in nearly two weeks thanks to positive results
Japanese stocks had their best day in nearly two weeks on Monday, boosted by positive corporate results, while uncertainty over the global growth outlook kept gains limited. The Nikkei rose 0.7% to close at 27,993 points, and the broader Topix index rose 1 percent to 1960 points, their biggest gain …
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