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U.S. Dollar Inches Higher Amid Ongoing Fed Rate Hike Bets Despite Decline In Crude Oil Prices

The U.S. Dollar value edged higher as investors assessed the ongoing bets on rate hike by the U.S. Federal Reserve along with Fed Chair Kevin Warsh's remarks highlighting inflationary pressures. The plunge today in crude oil prices capped the gains.

RTTNews | 9h 56minuter sedan

Swiss Market Ends Moderately Lower

After staying slightly below the flat line till a little past mid-morning, the European market drifted down and eventually ended moderately lower on Wednesday.

RTTNews | 13h 1minuter sedan

Gold Soars Amid OMFIF Report Despite Increasing U.S. Fed Rate Cut Bets

After ending yesterday's trading roughly flat, gold prices have surged on Wednesday as investors assessed a report stating that global central banks are more inclined towards investments into gold purchases rather than U.S. dollar. However, the ongoing bets on rate-hike by the U.S. Federal Reserve capped the gains.

RTTNews | 13h 21minuter sedan

European Stocks Close Broadly Lower After Cautious Session

European stocks closed broadly lower on Wednesday with investors mostly staying cautious while watching the developments with regard to U.S.-Iran peace moves and focusing on speeches from prominent central bank officials at the Sintra Forum. Uncertainty about US-Iran peace talks and the loss of momentum in the AI-driven tech rally contributed to the subdued trend in most of the markets.

RTTNews | 13h 28minuter sedan

U.S. Manufacturing Index Dips But Still Indicates Growth In June

A report released by the Institute for Supply Management on Wednesday showed a modest decrease by its reading on U.S. manufacturing activity in the month of June. The ISM said its manufacturing PMI dipped to 53.3 in June after rising to 54.0 in May, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.9.

RTTNews | 16h 21minuter sedan

General Mills Shares Gain On Higher Q4 Adj. Earnings, Sales Growth; $3 Bln Cost Savings Target

Shares of General Mills, Inc. were gaining around 7 percent in the early morning trading on the NYSE, after the branded food major reported Wednesday higher fourth-quarter adjusted earnings and net sales, and announced a $3 billion cost savings plan by fiscal 2030. Meanwhile, including one-time costs, the company slipped to a hefty loss in the quarter, and warned on weak adjusted earnings in FY27.

RTTNews | 17h 1minuter sedan

Eurozone Inflation Eases To 2.8%

Euro area inflation slowed to a three-month low in June as food, energy and services prices registered slower growth, easing pressure on the European Central Bank to hike interest rates again this month. Inflation weakened to 2.8 percent from 3.2 percent in May, flash data from Eurostat showed Wednesday. This was the lowest rate since March and remained below the forecast of 3.0 percent.

RTTNews | 17h 6minuter sedan

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