The U.S. Dollar rebounded against major currencies during the week ended June 5 amidst the persisting uncertainty surrounding the Middle East peace process as well as the strong jobs data from the U.S. that boosted bets of a Fed rate hike.
Germany's factory orders declined more than expected in April as frontloading effects diminished, data from Destatis revealed Monday. Factory orders logged a monthly fall of 3.8 percent in April, in contrast to the revised 4.5 percent increase in March and 1.6 percent rise in February. This was the first decline since January, when orders were down 11.5 percent.
Eurozone investor confidence improved for the second straight month in June, signalling economic stabilization to continue over the coming months, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index rose more-than-expected to -13.4 in June from -16.4 in May. The score was forecast to rise to -13.8.
Japan's economy expanded a slower pace than initially estimated in the first quarter largely reflecting the decline in business investment, revised data from the Cabinet Office showed Monday. Gross domestic product logged an annualized growth of 1.8 percent in the first quarter, which was revised down from the 2.1 percent growth estimated initially.
The antipodean currencies such as the Australia and New Zealand dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower hurt by tumbling technology stocks which mirrored their peers on tech-heavy Nasdaq amid concerns about valuations. Additional...
The U.S. Dollar value ticked lower as investors weighed reports stating that Iran is preparing for a full-scale war with Israel amid reassurances from U.S. President Donald Trump that U.S.-Iran negotiations are proceeding well.
The Japanese yen strengthened against other major currencies in the European session on Monday. The yen rose to near 1-month highs of 184.01 against the euro and 114.58 against the Canadian dollar, from early lows of 185.00 and 115.03, respectively. Against the pound and the Swiss franc, the yen...
The New Zealand dollar weakened against most major currencies in the Asian session on Monday. The NZ dollar fell to nearly a 3-week low of 92.73 against the yen, from Friday's closing value of 92.93. Against the U.S. dollar and the euro, the kiwi edged down to 0.5789 and 1.9899 from last week's...
Initial cues from the U.S. Futures Index suggest that Wall Street might open positive on Monday. Asian shares finished lower, while European shares are trading mixed. The dollar scaled higher. In the Asian trading session, oil prices jumped more than 4 percent. Brent crude futures for August...
The Australian stock market is trimming its early losses in mid-market trading on Tuesday, but extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling below the 8,600 level, with weakness across most sectors led by mining and technology stocks.
The Japanese stock market is trading notably higher on Tuesday after briefly dipping in to the red, snapping a three-session losing streak, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving well above the 64,300 level, with gains in automakers, financial and technology stocks partially offset by weakness in index heavyweights.
The Australian stock market is sharply lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 index is falling to near the 8,500 level, with weakness across most sectors led by mining and technology stocks. Energy stocks were the only bright spot amid spiking crude oil prices.
The M2 money stock in Japan was up 2.5 percent on year in May, the Bank of Japan said on Tuesday - coming in at 1,298.1 trillion yen. That follows the 2.3 percent annual increase in April and the 2.0 percent gain in March. The M3 money stock was up 1.7 percent at 1,642.4 trillion yen, while M1...
Germany's factory orders declined more than expected in April, data from Destatis revealed Monday. Factory orders logged a monthly fall of 3.8 percent in April, in contrast to the 4.5 percent increase in March. Economists had forecast a fall of 2.2 percent. On a yearly basis, orders grew 1.6 percent...
Slovakia's construction production growth moderated after accelerating sharply in the previous month. Construction output grew 13.2 percent year-on-year in April, slower than the 29.9 percent surge in March. However, this was the strongest April performance in eighteen years. The overall sharp growth was driven by a 20.0 percent expansion in domestic new construction.
After staying weak till well past noon, the Switzerland market briefly edged up into positive territory but retreated and stayed weak thereafter to eventually close on a weak note on Monday.
Ukraine President Volodymyr Zelensky and the leaders of three European major powers have called on Russian President Putin to agree to an immediate and complete ceasefire. UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz met with President Zelensky in London to reiterate their unwavering support for Ukraine in its defense against Russia's inva