The Canadian dollar weakened against other major currencies in the Asian session on Monday, as the decline in crude oil prices following the commencement of Operation Freedom by President Trump. Traders remain cautious amid the uncertainty prevailing around the peace proposal to end the Middle East...
Eurozone investor sentiment improved unexpectedly in May, driven by investor expectations that the conflict with Iran would not escalate further, a survey conducted by the behavioral research institute Sentix showed Monday. The investor sentiment index rose to -16.4 in May from -19.2 in April. The score was forecast to fall to -20.9.
The euro area factory activity expanded at its strongest pace in nearly four years in April as manufacturers front-loaded their orders due to fears of the war-induced price increases and supply shock, final data from S&P Global showed Monday. The manufacturing Purchasing Managers' Index rose to a 47-month high of 52.2 in April, in line with flash estimate, from 51.6 in March.
Final manufacturing Purchasing Managers' survey and Sentix investor confidence from the euro area are the top economic news due on Monday. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI survey results. The factory PMI is forecast to rise to 49.5 in April from 48.7 in the previous month.
The U.S. Dollar value inches lower amid renewed escalation in the Strait of Hormuz crisis that pushed crude oil prices higher and sparked inflationary concerns once again lowering the risk appetite for investors.
New orders for U.S. manufactured goods increased by much more than expected in the month of March, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders jumped by 1.5 percent in March after rising by an upwardly revised 0.3 percent in February.
The U.S. dollar strengthened against most major currencies in the most major currencies in the European session on Monday. The U.S. dollar rose to 4-day highs of 1.1711 against the euro and 1.3557 against the pound, from early lows of 1.1750 and 1.3603, respectively. Against the Swiss franc,...
The Canadian dollar weakened against other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3608 against U.S. dollar and 0.9810 against the Australian dollar, from Friday's closing quotes of 1.3594 and 0.9789, respectively. Against the yen and the euro,...
Investor sentiments continue to be stressed by the Middle East conflict on Monday. Early signs from the U.S. Futures Index suggest that Wall Street might open lower. As of 7.50 am ET, the Dow futures were losing 222.00 points, the S&P 500 futures were down 12.00 points and the Nasdaq 100 futures...
The Australian stock market is maintaining its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,650 level, with weakness in mining stocks partially offset by gains in energy and technology stocks.
The Australian stock market is notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,550 level, with weakness in mining stocks partially offset by gains in energy and technology stocks.
The Australian stock market is extending its early losses in mid-market trading on Monday, but reversing some of the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,700.00 level, with weakness in gold miner, financial and energy stocks partially offset by gains in technology stocks.
The Reserve Bank of Australia raised its key interest rate by a quarter-point on Thursday as risks to inflation remain tilted to the upside. The policy board, governed by Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35 percent. This decision followed similar quarter-point...
Dutch manufacturing activity expanded at a faster pace as customers' front-loaded orders amid uncertainty caused by the Middle East war, survey data from S&P Global showed Monday. The Nevi manufacturing Purchasing Managers' Index rose to 54.4 in April from 52.0 in March. The score hit the highest...
Portugal's industrial production expanded strongly after a renewed decline in the previous month. Industrial production advanced 3.2 percent year-on-year in March, reversing a 3.9 percent fall in February. Moreover, this was the quickest growth in seven months. Production of capital goods recovered sharply by 6.4 percent from last year
The Switzerland stock market closed notably lower on Monday, in line with most of the markets across Europe, as Middle East tensions and U.S. President Donald Trump's fresh tariff threats rendered the mood a bit bearish.
Treasuries moved sharply lower during trading on Monday, more than offsetting the rebound seen over the two previous sessions. Bond prices moved steadily downward over the course of the morning and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year...
Ukraine carried out multiple counter attacks on Russian targets Sunday after deadly Russian air raids on Ukrainian cities. At least 10 people were reportedly killed and dozens of others injured in Russian drone and missile attacks in Kherson, Odesa, Donetsk, Zaporizhzhia and Sumy at the weekend. A high-rise residential complex in Moscow was hit in a rare overnight Ukrainian drone attack in the h
Iran has warned of serious consequences to US military's plan to guide stranded ships through the Strait of Hormuz. Major General Ali Abdollahi, the head of Iran's central command, warned, "Any foreign armed force, especially, the aggressive US army," which tries to enter the Strait, will be attacked. "Any American interference" in the vital trade route would be "considered a violation of the c