Category: Markets
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Japan stocks higher at close of trade; Nikkei 225 up 0.37% By Investing.com
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Investing.com – Japanese stocks were higher after the close on Wednesday, as gains in the banking and services sectors led shares higher. At the end of trading in Tokyo, the index rose by 0.37%. The best performers in the session were: M3 Company (TYO:), which rose 5.30% or 71.50 points…
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Asia FX firm, dollar drifts lower with Fed rate cut in sight By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell as markets braced for a widely expected interest rate cut by the Federal Reserve later in the day. Public holidays in Hong Kong and South Korea limited overall trading volumes, while the Chinese yuan weakened as domestic trade resumed after…
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Daily Broad Market Recap – September 17, 2024
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Markets still look uneasy ahead of this week’s FOMC decision, with correlations between markets appearing to be in disarray even as the US dollar welcomed the bullish surprise in core retail sales. Crude oil prices were volatile while gold prices retreated from their all-time highs. Meanwhile, stock indexes closed almost…
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ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC) cut
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX firms, yen strong as dollar retreats on bets of bigger rate cut By Investing.com
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Asian currencies rose on Tuesday, with the Japanese yen nearing a 2024 high as the dollar retreated amid growing bets that the Federal Reserve will cut interest rates by a wide margin this week. Regional trading volumes were subdued due to holidays in markets in China and South Korea. Anticipation…
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Japan August data shows a big miss for both exports and imports – recap
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Terns Pharmaceuticals director buys $5 million in company stock By Investing.com
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In a recent deal, Hongbo Lu, a director at Terns Pharmaceuticals, Inc. (NASDAQ:TERN), bought a significant amount of the company’s stock, signaling a strong vote of confidence in the company’s future prospects. The deal, which closed on September 12, involved the acquisition of 476,190 shares at $10.50 per share, for…
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Terns Pharmaceuticals director buys $5 million in company stock By Investing.com
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In a recent deal, Hongbo Lu, a director at Terns Pharmaceuticals, Inc. (NASDAQ:TERN), bought a significant amount of the company’s stock, signaling a strong vote of confidence in the company’s future prospects. The deal, which closed on September 12, involved the acquisition of 476,190 shares at $10.50 per share, for…
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BNP Paribas says euro could rise, not fall, if recession hits By Reuters
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LONDON (Reuters) – The euro could rise against the dollar if a global recession hits, BNP Paribas (OTC:) Markets360 said, marking a break from previous trading dynamics. Sam Linton-Brown, the bank’s head of global macroeconomic strategy, offers a number of reasons behind what he describes as one of the team’s…
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New Zealand data – Q3 consumer confidence 90.8 (prior 82.2)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Peloton CFO Elizabeth Coddington sells $174k in company stock By Investing.com
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In a recent move, Elizabeth F. Coddington, CFO of Peloton Interactive, Inc. (NASDAQ:), sold a significant portion of her company’s stock. The deal, which took place on September 16, 2024, involved the sale of 36,819 shares at a weighted average price of $4.63 to $4.82, resulting in a total value…
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Capital Economics sees rough year ahead for Mexican assets By Investing.com
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Capital Economics has Expected poor performance The Mexican peso and broader financial assets are expected to decline in the coming year due to political and economic instability. The peso, which has recently fallen about 15% against the dollar since early April, is still seen as overvalued despite its sharp decline…
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ECB’s Villeroy: French goal to cut deficit to 3% of GDP by 2027 is not realistic
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Villeroy from the European Central Bank It is strange that governments are still violating eurozone deficit rules in 2027 – seven years into the pandemic emergency – and it is clear that this will not end well. In the long run, I think this would suggest that the optimal course…
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Instagram rolls out teen accounts with privacy, parental controls as scrutiny mounts By Reuters
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(Reuters) – Meta Platforms Inc (NASDAQ:MT) is rolling out improved privacy and parental control features for Instagram accounts for users under 18 in a major overhaul aimed at addressing growing concerns about the negative effects of social media. Meta said Tuesday it will automatically move all custom Instagram accounts to…
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Dollar slips further ahead of key Fed meeting By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, trading near its lowest levels this year, amid growing bets that the Federal Reserve will cut interest rates this week, and possibly by a large amount. At 04:40 ET (08:40 GMT), the dollar index, which tracks the greenback against a basket of…
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European equity close: Solid gains ahead of the Fed decision
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Uber to roll out ‘verified’ rider badge, trip recording features in US By Reuters
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(Reuters) – Uber Technologies Inc said on Tuesday it will roll out features that will allow its drivers to see “verified” badges on customer profiles and record trips on their smartphones instead of a dashboard camera. This is expected to improve driver safety and comes on the back of Uber’s…
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Will the dollar smile on a 25 bps cut, Morgan Stanley asks By Investing.com
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Investing.com – The U.S. dollar was hit hard by expectations that the Federal Reserve will start its rate-cutting cycle this week with a massive 50 basis point cut, but that raises the possibility of a rebound if a smaller cut occurs, according to Morgan Stanley. The US central bank begins…
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Daily Broad Market Recap – September 16, 2024
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Financial markets are mixed as traders prepare for the Federal Open Market Committee decision later this week while Chinese banks remain closed for the Mid-Autumn Holiday. So far, the US dollar is heading towards its lowest levels this year while gold is hovering near its all-time highs. Find out the…
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Forexlive European FX news wrap 17 September – German ZEW falls to a 10 month low
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…