Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair...
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The Euro-Dollar currency pair struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline on Monday. EURUSD remains under pressure as Monday’s flash HCOB Purchasing Managers Index (PMI) data for September stoked market expectations for the European Central Bank to opt for a second straight interest rate cut in the October meeting. The PMI report showed that the business activity unexpectedly sank into contraction, which was estimated to fall slightly, but remained above the 50.0 threshold that separates expansion from contraction. A decline in the HCOB Composite PMI dominantly came from the manufacturing sector,
Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair...
Indonesia’s central bank unexpectedly cut its key interest rate for the first time in more than three years, as an imminent Federal Reserve pivot...
The EURUSD pair is trading flat in the early European session on Thursday after the first cut in U.S. interest rates in four years. The major pair...
The British pound is primed for outperformance, while the euro faces continued downward pressure for the rest of 2024, predicts the CEO of a leading...
Investors now expect the European Central Bank to lower interest rates at its next meeting in October.
Following the contraction in August, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased significantly by 9.2 points to 52.8 in...
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and...
India's manufacturing growth slowed to an eight-month low in September due to weakening demand and output, although it has stayed above the...
SHANGHAI: China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed...
SHANGHAI: China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed...