Actualités Forex
Canadian Market Slips After Fed Hikes Interest Rate By 0.75%
The Canadian market, which opened on a positive note Wednesday morning and held above the unchanged line till a little while ago, slipped into negative territory after the Federal Reserve raised interest rates by 0.75%, the biggest hike at a single meeting since 1994.
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Federal Reserve Raises Interest Rates By The Most Since 1994
In an effort to combat elevated inflation, the Federal Reserve on Wednesday announced the biggest increase in interest rates in almost thirty years. The Fed revealed that it has decided to raise the target rate for the federal funds rate by 75 basis points to 1.50 to 1.75 percent, marking the biggest rate hike since 1994.
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ECB Plans New Tool To Tackle Fragmentation Risk In Eurozone
The European Central Bank said it will be flexible in reinvesting proceeds from the pandemic emergency bonds that are due to mature, and that it will create a new tool to address the fragmentation risk in the euro area after bond yields soared in the past few days, raising concerns of a debt crisis.
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Swiss Market Ends On Firm Note
The Switzerland stock market suffered a mild setback after opening higher Wednesday morning, but recovered swiftly and stayed positive right through the day's session to end on a firm note.
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European Stocks Close On Firm Note Ahead Of Fed Policy Announcement
European stocks closed on a strong note on Wednesday, snapping a long losing streak, as investors, sort of factoring in a possible sharp rate hike by the Federal Reserve, indulged in some bargain hunting at several counters from across various sectors.
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Euro Declines As ECB Announces New Instrument To Contain Bond Rout
The euro fell against its major counterparts during the European session on Wednesday, after the European Central Bank announced plans to create a new instrument to address a surge in bond yields of indebted nations in the bloc.
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U.S. Business Inventories Increase In Line With Estimates In April
A report released by the Commerce Department on Wednesday showed U.S. business inventories increased in line with economist estimates in the month of April. The Commerce Department said business inventories jumped by 1.2 percent in April after spiking by 2.4 percent in March. The continued surge in inventories matched economist estimates.
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more news
U.S. Housing Market Index Drops To Lowest Level Since June 2020
Homebuilder confidence has continued to decline in the month of June, according to a report released by the National Association of Home Builders on Wednesday. The report showed the NAHB/Wells Fargo Housing Market Index fell to 67 in June from 69 in May. Economists had expected the index to edge down to 68.
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New York Manufacturing Activity Little Changed In June
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June. The report showed the general business conditions index rose to a negative 1.2 in June from a negative 11.6 in May, with a negative reading indicating a contraction in regional manufacturing activity. The index was expected to jump to a positive 3.0.
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U.S. Import Prices Climb 0.6% In May, Less Than Expected
A report released by the Labor Department on Wednesday showed U.S. import prices increased by less than expected in the month of May. The Labor Department said import prices climbed by 0.6 percent in May after rising by a revised 0.4 percent in April.
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U.S. Retail Sales Unexpectedly Dip Amid Sharp Pullback In Auto Sales
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May. The report showed retail sales fell by 0.3 percent in May after climbing by a downwardly revised 0.7 percent in April.
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Bank Of England To Raise Rates For Fifth Time
The Bank of England is widely expected to raise its interest rates for a fifth policy session in a row on Thursday amid soaring inflation that is fueling further rise in cost of living and severely hurting consumer confidence.
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New York Manufacturing Index Jumps But Remains Negative In June
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June.
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