The Japanese yen weakened against other major currencies in the Asian session on Wednesday, due to political unpredictability and fiscal worries. The BoJ's hawkish stance and concerns about intervention may prevent the JPY bears from making new bets. A major contributing element to the JPY's weakness...
China service sector growth improved in January, driven by stronger growth in new business, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose to 52.3 from 52.0 in December. The latest rise in services activity was the strongest in three months.
The Australian dollar strengthened against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia raised its benchmark rate for the first time since November 2023 as inflation picked up materially. The policy board governed by Michele Bullock decided to lift the...
Flash inflation from France and unemployment from Spain are the top economic news due on Tuesday. At 2.00 am ET, the Turkish Statistical Institute is scheduled to issue consumer and producer price data. Consumer price inflation is expected to ease to 30.0 percent in January from 30.89 percent in December.
The U.S. Dollar declined during the week ended January 30 despite the boost provided by the appointment of Kevin Warsh as the next Fed Chairman.
Flash inflation and final composite Purchasing Managers' survey results from the euro area are the top economic news due on Wednesday. At 3.15 am ET, Spain's services and composite PMI survey results are due. Economists expect services PMI to fall to 56.6 in January from 57.1 in the previous month. At 3.45 am ET, S&P Global publishes Italy's services and composite PMI data.
The Japanese yen weakened against other major currencies in the Asian session on Wednesday. The yen depreciated to a record low of 201.78 against the Swiss franc, from yesterday's closing value of 200.18. Against the euro, the pound and the U.S. dollar, the yen slid to near 2-week lows of 185.06,...
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday. The Australian dollar rose to a 36-year high of 109.95 against the yen, from yesterday's closing value of 109.38. The aussie advanced to 1.6807 against the euro, from Tuesday's closing value of...
The U.S. dollar fell against its most major counterparts in the New York session on Wednesday. The greenback dropped to 1.1828 against the euro, 1.3707 against the pound and 0.7738 against the franc. The currency is seen finding support around 1.22 against the euro, 1.43 against the pound and 0.73 against the franc.
Trading on Tuesday may be impacted by the Labor Department's report on job openings for December. Early signs from the U.S. Futures Index suggest that Wall Street might open moderately up. Asian shares gained, while European shares are trading mixed. Gold and silver futures recovered. Gold traded...
The Australian stock market is swinging to notable gains in mid-market moves on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,900 level, despite the broadly negative cues from Wall Street overnight, with gains in financial, mining and energy stocks partially offset by weakness in technology stocks.
The Japanese stock market is trading significantly lower on Wednesday, reversing some of the strong gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 54,100 level, with weakness in index heavyweights and technology stocks partially offset by gains in exporter and automaker stocks.
Australian shares are trading slightly lower on Wednesday, reversing some of the gains in the previous session, with the benchmark S&P/ASX 200 falling to near the 8,850 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks nearly offset by gains in mining and energy stocks.
Hong Kong retail sales value increased in December, driven by higher sales of jewelry and valuable gifts, the Census and Statistics Department said Tuesday. The retail sales value grew 6.6 percent year-on-year in December, following November's 6.5 percent rise. Online sales accounted for 8.8 percent...
Eurozone inflation softened in January, flash estimate from Eurostat showed on Wednesday. The harmonized index of consumer prices rose 1.7 percent on a yearly basis in January, following December's 2.0 percent increase. The rate came in line with expectations. Excluding volatile energy, food,...
France's inflation eased more than expected in January, preliminary data from the statistical office INSEE revealed on Tuesday. The consumer price index logged a 0.3 percent annual rise in January, slower than the 0.8 percent increase seen in December. Inflation was expected to slow moderately to...
Eurozone banks tightened credit standards for firms in the fourth quarter, citing higher perceived risks amid lower risk tolerance, while demand for loans from firms increased slightly, the survey from the European Central Bank showed on Tuesday. Banks reported an unexpected tightening of credit...
After a positive start, Swiss stocks slipped into negative territory around noon on Tuesday, and then stayed weak till the end of the day's session.
Treasuries saw modest weakness throughout much of the trading day on Tuesday before regaining ground late in the session. Bond prices climbed back near the unchanged line in the latter part of the session before closing roughly flat. The yield on the benchmark ten-year note, which moves opposite of...
The reopening of the Rafah crossing in the southern Gaza Strip on Monday after more than a year is being met with both optimism and fear, a senior official with the UN agency that assists the Palestinian people, UNRWA, has said. The sole border point with Egypt is a lifeline to the world - including...
The U.S. Central Command has urged Iran to avoid risky live-fire naval exercises in the Strait of Hormuz. Last week, Iran announced that the Islamic Revolutionary Guard Corps will begin a two-day live-fire naval exercise in the Strait of Hormuz on Sunday. CENTCOM urged the IRGC to conduct the...
Right-Wing populist Laura Fernandez has been elected as Costa Rica's new president, with most of the votes counted. With 85 percent of the ballots counted, Fernandez secured nearly half of the votes, which is enough to avoid a runoff. No presidential candidate in Costa Rica was able to win in the first round of voting in more than a decade. A nominee of the outgoing president Rodrigo Chaves, 3
Manufacturing activity in the U.S. unexpectedly expanded for the first time in 12 months in January, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI jumped to 52.6 in January from 47.9 in December, with a reading above 50 indicating growth. Economists had expected the index to inch up to 48.5.