The British pound continued to rise on Tuesday, with markets expecting it to continue rising next year, with the Bank of England expected to introduce interest rate cuts later than the Federal Reserve and the European Central Bank. At the same time, bets that the Federal Reserve would implement...
The dollar declined and global stocks rose early Tuesday as investors braced themselves for the consumer price index report later in the day. This report is expected to provide a critical outlook on the US.. economy, thereby providing an insight into the Federal Reserve's next moves at its final...
The British pound is headed toward a two-month high on Monday ahead of the UK government's interim budget update to be delivered by Finance Minister Jeremy Hunt later in the week.
Prime Minister Rishi Sunak stated that his government would cut taxes after a further decline in inflation. "Speculation over...
The U.S. dollar got the week off to a strong start on Monday, rising to a one-year high of 151.88 against the yen. The Japanese currency is down almost 14% against the greenback this year.
Following the announcement of cabinet reshuffling by British Prime Minister Rishi Sunak, the pound gained...
Stocks edged higher on Monday, thereby sustaining the gains from last week's rally as optimism rose around the likelihood that the Federal Reserve's interest rate hikes are nearing an end. S&P 500 futures, as well as those listed on the Dow Jones Industrial Average and the Nasdaq 100, rose...
European and U.S. stocks rose on Monday as Israel's military action against Hamas proceeded more cautiously than investors initially expected. The benchmark Stoxx Europe 600 rose by 0.7%.
In the United States, the S&P 500 climbed by 0.6%, while futures listed on the tech-heavy Nasdaq 100 gained 0.8%. Contracts listed...
BNP Paribas SA posted declining revenue from fixed-income trading over the third quarter, giving rise to market sentiment that European banks have underperformed compared to their US counterparts at a time when markets have become less turbulent.
The Paris-based bank posted a fixed-income revenue from bond trading of €1 billion...
The U.S. dollar remained mostly unchanged on Wednesday morning as China's economic growth beat expectations, putting a halt to the greenback's significant growth trajectory. According to official data, China's economy grew by 1.3% over the third quarter; 0.5% faster than the previous quarter and exceeding market projections of a...
New York stocks declined on Tuesday morning as investors turned their sights to the Federal Reserve's upcoming policy decision as well as Instacart's impending initial public offering (IPO) on the Nasdaq Composite Index. The S&P 500 as well as the Dow Jones Industrial Average declined by 0.2%, while the...
Nvidia is reaching new highs after the chipmaker beat Wall Street’s estimates by a wide margin in two consecutive quarters. The company’s stock closed at a record on Wednesday, with many analysts expecting a further rise in the near future.
The shares of Nvidia reached its all-time high price of...