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European Stocks Close On Firm Note On Earnings, Easing Geopolitical Tensions
European markets closed on a firm note on Thursday, led by strong gains in the technology sector after U.S. tech major Micron reported stronger-than-expected earnings and raised its revenue forecast, renewing investor confidence in AI.
Investors also reacted positively to other corporate news and some rating upgrades.
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77 days ago
Gold Advances As U.S. Inflation Data Release Reduces Fed Rate Hike Concerns
Partially offsetting the losses from six previous sessions, gold prices have climbed sharply on Thursday as today's data on U.S. economy is in line with expectations, lowering concerns of rate hikes. The consequential slide in U.S. Dollar Index supported the yellow metal.
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77 days ago
Stocks Turning In Mixed Performance; Micron Soars On Earnings
U.S. stocks are turning in a mixed performance on Thursday with investors digesting a slew of crucial economic data and some corporate news, including earnings update from Micron.
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77 days ago
FTSE 100 Extends Gains
The FTSE 100 benchmark of the London Stock Exchange added to Wednesday's gains amidst a positive sentiment generated by the global rebound in the tech sector. Losses in energy giants however limited overall gains.
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77 days ago
Tech Bets, Oil Relief Boost CAC 40
AI-led gains in the global tech sector as well as the respite provided by declining crude oil prices allowed the CAC 40 benchmark to add on to Wednesday's gains. Both the crude oil benchmarks have declined close to a percent.
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77 days ago
UK Car Production Rises For First Time In 5 Months: SMMT
UK car production grew for the first time this year in May, driven primarily by increased orders from the United States, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday. Car production increased 3.2 percent in May, reversing four months of decline. Meanwhile, commercial vehicle output fell 7.6 percent.
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77 days ago
Yen Falls Amid Rising Intervention Fears
The Japanese yen weakened against other major currencies in the European session on Thursday, as traders anticipate that a potential trigger for Tokyo authorities is likely to intervene in the currency market.
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77 days ago
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Tech Boost Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rebounded on Thursday amidst a tech rally and a sentiment boost provided by the declining crude oil prices.
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77 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Thursday.
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77 days ago
Indian Shares End With Minor Gains
Indian shares gave up some early gains to end modestly higher on Thursday. While FMCG stocks rose for a second straight session, weakness in metal, pharma, and oil & gas stocks served to cap overall gains in the broader market.
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77 days ago
U.S. Dollar Rallies Against Majors
The U.S. dollar climbed against its major counterparts in the New York session on Wednesday.
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77 days ago
Gold Subdued Below $4,000 On Inflation And Rate Hike Concerns
Gold prices were subdued on Thursday, with a stronger dollar and rising expectations of a Federal Reserve rate hike this year weighing on the precious metal.
RTTNews
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77 days ago
Oil Extends Losses As Supply Fears Fade
Oil prices traded sharply lower on Thursday, extending recent losses and wiping out all the gains made since the outbreak of the Middle East conflict following progress in U.S.-Iran talks and improving flows through the Strait of Hormuz.
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77 days ago
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