Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
The Bank of Japan raised its benchmark rate by a quarter-point to the highest level in three decades as inflation continued to remain above the target and hinted at further hikes. The policy board, headed by Ueda Kazuo decided, by a unanimous vote, to hike the uncollateralized overnight call rate to "around 0.75 percent" from "around 0.5 percent."
UK retail sales dropped unexpectedly in November as the Black Friday effect was slightly weaker than usual, data from the Office for National Statistics showed Friday. Retail sales dropped marginally by 0.1 percent in November from a month ago. The decline confounded expectations for an increase of 0.3 percent but this was slower than October's 0.9 percent decrease.
The Japanese yen weakened against other major currencies in the European session on Friday, after the Bank of Japan raised its benchmark rate by a quarter-point as inflation remains stubbornly above the target. The policy board decided to hike the uncollateralized overnight call rate to "around 0.75...
Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
The Japanese yen weakened against other major currencies in the European session on Friday. The yen fell to a record low of 197.35 against the Swiss franc, nearly a 35-year low of 183.74 against the euro and more than a 17-year low of 209.83 against the pound, from early highs of 195.81, 182.42 and...
The Canadian dollar advanced against the U.S. dollar in the New York session on Thursday. The loonie climbed to 1.3756 against the greenback. The loonie advanced to 1.6133 against the euro. The loonie is seen finding resistance around 1.34 against the greenback and 1.55 against the euro.
The Japanese yen weakened against other major currencies in the Asian session on Thursday. The yen fell to 6-day lows of 183.12 against the euro and 196.14 against the Swiss franc, from early highs of 182.78 and 195.67, respectively. Against the U.S. and the Canadian dollars, the yen slid to...
Geopolitical developments might be influencing investor sentiments on Friday. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly up. European Union countries, except Hungary, Slovakia and Czech Republic, has decided to provide a 90 billion euro or $105 billion loan...
The Australian stock market is trimming its early gains in mid-market moves on Friday, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in technology and financial stocks partially offset by weakness in gold miner stocks.
Reversing the losses in the previous session, the Japanese market is trading significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,400 level, with gains in automakers, financial and technology stocks.
The Australian stock market is trading notably higher on Friday, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well below the 8,600 level, with gains in technology and financial stocks partially offset by weakness in gold miner stocks.
The Bank of Japan raised its benchmark rate by a quarter-point on Thursday as inflation remains stubbornly above the target. The policy board decided to hike the uncollateralized overnight call rate to "around 0.75 percent" from "around 0.5 percent." Previously, the BoJ had lifted the benchmark...
The euro area current account surplus rose to a three-month high in October, figures from the European Central Bank showed on Friday. The current account surplus rose to EUR 25.7 billion in October from EUR 23.6 billion in September. The surplus hit the highest since July, when it was EUR 28.8 billion....
The UK budget deficit hit the lowest for the month of November in four years, the Office for National Statistics reported Friday. Public sector net borrowing decreased to GBP 11.7 billion in November from GBP 13.6 billion in the previous year. This was the lowest November borrowing since 2021. In...
The European Central Bank left its key interest rate unchanged for the fourth policy session in a row and raised the growth forecasts for the euro area citing support from domestic demand, but the bank also lifted the inflation projection for next year as policymakers expect services inflation to ease more slowly than expected earlier.
After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.
Following the advance seen in the previous session, treasuries moved back to the downside during trading on Friday. Bond prices came under pressure early in the day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of...
G7 Foreign Ministers have called on China to release Hong Kong pro-democracy media tycoon and politician Jimmy Lai, who was found guilty under the controversial national security law. The Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the High...
The UK has committed to provide 600 million pounds worth of air-defense capabilities, including cutting edge turrets that can shoot down Russian drones to support Ukraine through the winter. The air defense package for Ukraine comes as Russia's aerial strikes plunges homes, hospitals, and power stations into darkness. The announcement came as UK Defense Secretary John Healey and his German coun
The European Commission has announced that it will issue up to 90 billion Euro worth of EU-Bonds in the first half of 2026, bringing outstanding EU-Bonds close to 800 Euros billion by the end of June 2026. The proceeds will be used to fund loans to EU Member States under the NextGenerationEU program...
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from a negative 1.7 in November, with a negative reading indicating contraction.