U.S. stocks edged higher on Tuesday as corporate earnings continued to roll in and the latest Federal Reserve policy meeting got underway. This comes after U.S. stocks plunged on Monday, with the Nasdaq losing 2.0% in what was its worst day of trading since December.
Following Monday's blow, the tech-heavy...
The European Central Bank signaled its intention to rise its interest rates by 50 basis points in each of its next two meetings. According to economists polled by Reuters, the ECB would stop such hikes when the deposit rate hits 3.25% next quarter.
55 of 59 economists polled expect the...
UK pay rose by an annual 6.4% in the three-month period of September to November, marking the largest pay increase since records began in 2001 excluding the COVID-19 period when figures were distorted by government support. This exceeds the forecasts of economists polled by Reuters, who expected growth of...
U.S. futures lost ground on Tuesday ahead of what investors expect to be a hawkish speech by Federal Reserve Chair Jerome Powell. The speech is set to be delivered at 9 a.m. ET and is expected to indicate little change in the central bank's strict interest rate policy.
Michael Matousek,...
U.S. stock futures embarked on a slight rise on Wednesday, marginally recovering from a low start to the week as investors await the release of the minutes from the Federal Reserve's December Policy Meeting. These minutes are expected to give an indication of the direction that the central bank...
The price of gold rose above $1810 per ounce on Tuesday morning, thereby contributing to an increase of over 8% this fiscal quarter. According to U.S. economic data, this rise is largely driven by the weakening of the U.S. dollar as well as the recent inflation cooldown and slower...
The U.S. dollar remained steady on Tuesday morning as investors await the latest U.S. consumer price index data as well as the final Federal Reserve policy meeting of the year. The dollar index stood at 104.93 at noon, down from the 20-year peak of 114.78 that it hit in...
Rodrigo Mariscal, chief economist and head of the economic planning unit of Mexico's finance ministry, stated during an interview published on Wednesday that the nation's Gross Domestic Product could grow by as much as 2% during 2023.
In contrast, analysts surveyed by the country's central bank last month forecast...
Global shares rose on Tuesday, thereby recovering from Monday's losses despite concerns revolving around China's tightening approach to Covid after a surge in the nation's virus cases. The stock market rise largely indicates that investors are expressing a risk appetite that outweighs Covid concerns.
The MSCI All-World index of shares...
The Euro, British pound, and Swedish Krona all rose against the U.S. dollar on Tuesday following the release of an array of European economic data. This includes UK and eurozone job figures.
While the Swedish crown rose 0.12% to 10.3795 crowns per dollar, the sterling rose 1.25% to $1.1906; a...