Category: slower

  • Asian stocks slide after Fed flags slower rate cuts, BOJ stands pat

    Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks fell and the dollar held near a two-year high on Thursday after the U.S. Federal Reserve warned it would ease the pace of interest rate cuts next year, while the Bank of Japan kept interest rates steady, expected. The yen fell…

  • U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September

    Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…

  • NZDUSD falls helped by risk-off,commodity selling, slower growth.What about the technical?

    The NZD/USD pair is trading at fresh lows as traders react today to risk-off sentiment as stocks/commodities decline. Concerns over growth in the US and China are also weighing on the pair. We recalled last week that the NZD/USD pair peaked on Thursday after the release of a surprise business…

  • RBNZ Surprised With A 25bps Rate Cut As A “Reasonable First Step” Amidst Cooler Inflation And Slower Growth

    The New Zealand Dollar fell sharply earlier today, and no, it’s not because your trading platform suffered from a “Massive DDoS attack.“ A few hours ago, the Reserve Bank of New Zealand surprised the markets with Official interest rate cut by 25 basis points to 5.25% While many market participants…

  • JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com

    On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…

  • JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com

    On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…

  • Marriott cuts 2024 sales view on China drag, slower North American demand By Reuters

    (Reuters) – Hotel operator Marriott International Inc (NASDAQ:MRX) lowered its 2024 room revenue growth forecast on Wednesday, citing a weaker operating environment in China and expectations of weaker demand in North America. The company’s shares fell 4.7% before the bell. Marriott expects its revenue per available room (RevPAR), an important…

  • Google to blame for slower YouTube speeds in Russia, says senior lawmaker By Reuters

    YouTube’s speed in Russia will drop sharply on desktop computers because of Google’s failure to update its equipment in Russia and its refusal to lift a ban on Russian media channels, a senior lawmaker close to the authorities said on Friday. Russia has criticized Alphabet Inc’s Google for removing YouTube…

  • Wells Fargo sees slower US dollar decline through 2025 By Investing.com

    Wells Fargo has updated its currency market forecasts, expecting a gradual decline in the value of the US dollar over the medium term compared to previous expectations. The bank’s forecasts indicate a moderate decline in the value of the dollar through most of 2025. This forecast is based on an…

  • US jobs report for June is likely to point to slower but still-solid hiring

    Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…

  • Goldman sees slower but still robust Permian Basin growth this decade (NYSEARCA:XLE)

    Slavko Sereda/iStock via Getty Images Crude oil futures fell on Friday but ended the week higher, supported by signs of strong US demand and a growing perception of risks from a broader conflict in the Middle East that could jeopardize oil flows from the region. Exchanges Flames are rising between…

  • Australia’s GDP Grew Slower Than Expected in Q1 2024

    The Australian economy grew by 0.1% q/q in the first quarter of 2024, slower than the 0.3% q/q rise in the previous quarter and the 0.2% q/q increase that markets had expected. Overall, there was weak domestic demand as increased consumer spending was offset by a decline in aggregate investment.…

  • Canada’s GDP Data Showed Slower Growth in February, ”Unchanged” GDP in March

    Canada’s GDP Data Showed Slower Growth in February, ”Unchanged” GDP in March

    Canada’s economy grew by 0.2% in February, slightly lower than the 0.4% growth markets had expected and weaker than January’s 0.5% rise. A closer look shows that service-producing industries led increases for the second month in a row thanks to growth in transportation and warehousing. Meanwhile, commodity-producing industries were unchanged,…