Forex News
Asian Shares Mixed As Growth Worries Weigh
Asian stocks ended mixed on Thursday after Federal Reserve Chair Jerome Powell said he believed the U.S. economy is strong enough to handle coming interest-rate hikes, but acknowledged that a recession could happen.
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696 days ago
Philippine Central Bank Raises Rates By 25 Bps
The Philippine central bank hiked its key interest rates again by 25 basis points, as widely expected, and signaled further tightening as inflation is set to remain above the target in the near-term. The Monetary Board the Bangko Sentral Ng Pilipinas decided to raise the key interest rate, which is the overnight reverse repurchase facility rate, by 25 basis points to 2.50 percent, effective Jun
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696 days ago
Australian, NZ Dollars Fall As Recession Fears Grow
The Australian and NZ dollars dropped against their major counterparts in the Asian session on Thursday, as risk sentiment deteriorated after Federal Reserve Chair Jerome Powell acknowledged that the central bank's attempts to bring down inflation with aggressive rate hikes could fuel a recession.
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696 days ago
UK Budget Deficit Exceeds Official Estimate
The UK budget deficit exceeded the official estimate in May as higher inflation pushed up interest payments on government debt, the Office for National Statistics said Thursday. Public sector net borrowing, excluding public sector banks, declined GBP 4.0 billion from the previous year to GBP 14.0 billion in May. Economists had forecast the deficit to fall to GBP 12 billion.
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696 days ago
European Economics Preview: Eurozone Flash PMI Data Due
Flash Purchasing Managers' survey results from eurozone and the UK are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for May. The budget deficit is expected to narrow to GBP 13.2 billion from GBP 17.8 billion in April.
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696 days ago
European Shares Set To Drift Lower As Recession Fears Take Hold
European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.
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697 days ago
Sensex Climbs 500 Points; Nifty Tops 15,550
Indian shares rose sharply in early trade on Thursday despite mixed global cues and the impending weekly F&O expiry.
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697 days ago
more news
Asian Markets Trade Mostly Higher
Asian stock markets are mostly higher on Thursday, despite the broadly negative cues overnight from the global markets, as traders are slightly relived after US Federal Reserve Chair Jerome Powell said the central bank is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control, even at the risk of an economic slowdown.
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697 days ago
Sensex, Nifty Set To Open On Steady Note
Indian shares are likely to open higher on Thursday after Wall Street's main indexes ended little changed overnight. As recession worries mount, the recent decline in oil price may help ease inflation worries on the domestic front.
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697 days ago
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Thursday after being in the green in most of the morning session, extending the losses in the previous session, with the Nikkei 225 staying above the 26,100 level, following the broadly negative cues overnight from the global markets, amid worries persistent inflation and interest rate hikes could push towards a recession.
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697 days ago
Soft Start Anticipated For Thai Stock Market
The Thai stock market headed south again on Wednesday, one day after halting the four-day losing streak in which it had slumped more than 40 points or 2.7 percent. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and it's expected to remain in that neighborhood again on Thursday.
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697 days ago
Indonesia Stock Market May Spin Its Wheels On Thursday
The Indonesia stock market on Wednesday ended the two-day winning streak in which it had gathered almost 110 points or 1.7 percent. The Jakarta Composite Index now rests just beneath the 6,985-point plateau and it may be stuck in neutral again on Thursday.
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697 days ago
Australian Market Modestly Higher
The Australian stock market is modestly higher on Thursday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 6,500 level, despite the broadly negative cues overnight from the global markets, with gains in technology and financial stocks, partially offset by weakness in materials and energy stocks.
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697 days ago
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