Forex News

German ZEW Economic Confidence Rises In June

German ZEW Economic Confidence Rises In June

Germany's economic confidence improved in June but remained negative as the economy faces uncertainties posed by the war in Ukraine and the tightening of monetary policy, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed to a four-month high of minus 28.0 points in June from -34.3 in May.
RTTNews | 868 days ago
CAC Gives Up Early Gains

CAC Gives Up Early Gains

French stocks gave up early gains to slip into the red on Tuesday as investors braced for the long-awaited Federal Open Market Committee (FOMC) meeting on Wednesday for directional cues.
RTTNews | 869 days ago
DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks edged up slightly on Tuesday, as investors snapped up bargains following a bruising selloff the previous day on concerns about high inflation and aggressive policy tightening by central banks.
RTTNews | 869 days ago
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Asian Shares Mostly Lower On Recession Fears

Asian Shares Mostly Lower On Recession Fears

Asian stocks ended mostly lower on Tuesday after Wall Street entered the bear market on fears that aggressive rate tightening by the Federal Reserve would push the world's largest economy into recession.
RTTNews | 869 days ago
European Economics Preview: UK Unemployment Data Due

European Economics Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is set to issue UK labor market statistics for three months to April. The jobless rate is forecast to fall slightly to 3.6 percent from 3.7 percent the preceding period.
RTTNews | 869 days ago
Asian Markets Continue Plunge On Global Sell-off

Asian Markets Continue Plunge On Global Sell-off

Asian stock markets are trading mostly lower on Tuesday, extending the sell-off in the previous session, following the broadly negative cues from the global markets overnight, as rising worries about global economic slowdown, higher bond yields and looming aggressive interest rate hikes triggered heavy selling across the board. The Asian markets closed mostly sharply lower on Monday.
RTTNews | 869 days ago
Sensex, Nifty Set To Extend Losses Amid Global Selloff

Sensex, Nifty Set To Extend Losses Amid Global Selloff

Indian shares look set to follow global peers lower on Tuesday amid growing bets that the Federal Reserve may increase rate by 75 bps in one of the meetings in the summer. The Federal Reserve is scheduled to announce its latest monetary policy decision on Wednesday, with market participants bracing for tougher forward guidance in an effort to combat inflation.
RTTNews | 869 days ago

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