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Pound Rises Slightly After U.K. Q2 GDP Expands

The British pound strengthened slightly against other major currencies in the European session on Thursday, after the U.K. economy expanded again in the second quarter but the pace of growth moderated slightly due to the contractions in industrial and construction output.
RTTNews | 787 hari yang lalu
Philippine Central Bank Lowers Rate For First Time Since 2020

Philippine Central Bank Lowers Rate For First Time Since 2020

The Philippine central bank unexpectedly lowered its benchmark rates for the first time in nearly four years and hinted at more easing amid well-anchored inflation expectations. The monetary board of the Bangko Sentral ng Pilipinas reduced the target reserve repurchase rate by 25 basis points to 6.25 percent. Markets were expecting a hold.
RTTNews | 787 hari yang lalu
European Shares Flat To Higher In Cautious Trade

European Shares Flat To Higher In Cautious Trade

European stocks were flat to slightly higher on Thursday as signs of slowing inflation in the U.S. bolstered the case for the Federal Reserve to start cutting interest rates in September.
RTTNews | 787 hari yang lalu
China Economic Data Damps Hopes Of Speedy Recovery

China Economic Data Damps Hopes Of Speedy Recovery

China's industrial production and investment logged another slower growth in July, while retail sales growth showed a moderate improvement on the back of government support measures, indicating a fragile recovery at the start of the third quarter. Industrial production posted a 5.1 percent yearly growth in July, weaker than June's 5.3 percent increase, the National Bureau of Statistics said.
RTTNews | 787 hari yang lalu
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 787 hari yang lalu
FTSE 100 Holds Steady After GDP Data

FTSE 100 Holds Steady After GDP Data

U.K. stocks held steady on Thursday after official data showed the U.K. economy expanded again in the second quarter, but the pace of growth moderated slightly due to the contractions in industrial and construction output.
RTTNews | 787 hari yang lalu
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Australian Dollar Recovers After Robust Jobs Data

Australian Dollar Recovers After Robust Jobs Data

The Australian dollar recovered from recent weakness against other major currencies in the late Asian session on Thursday, after data showed the Australia's labor market strengthened in July amid strong job openings.
RTTNews | 787 hari yang lalu
DAX Rises As Yields Dip On Fed Rate Cut Bets

DAX Rises As Yields Dip On Fed Rate Cut Bets

German stocks eked out modest gains on Thursday, Treasury yields dipped, and the euro held steady above $1.10 as signs of slowing U.S. producer and consumer price inflation hinted at a potential Fed rate cut at the central bank's September policy meeting.
RTTNews | 787 hari yang lalu
Asian Shares Follow Wall Street Higher On Rate Cut Hopes

Asian Shares Follow Wall Street Higher On Rate Cut Hopes

Asian stocks followed Wall Street higher on Thursday, the dollar sagged, and Treasury yields dipped as more signs of cooling inflation in the U.S. fueled bets of a Federal Reserve rate cut in September.
RTTNews | 787 hari yang lalu
UK Q2 GDP Expands 0.6% As Expected

UK Q2 GDP Expands 0.6% As Expected

The UK economy expanded again in the second quarter but the pace of growth moderated slightly due to the contractions in industrial and construction output, data from the Office for National Statistics showed on Thursday. Real gross domestic product grew 0.6 percent in the three months to June, slightly slower than the 0.7 percent expansion seen in the first quarter and in line with expectations.
RTTNews | 787 hari yang lalu
European Shares Seen Up On Fed Rate Cut Bets

European Shares Seen Up On Fed Rate Cut Bets

European stocks may open on a positive note Thursday as traders ramped up forecasts on how much the Federal Reserve will cut interest rates this year.
RTTNews | 787 hari yang lalu

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