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Franc Weakens After SNB Decision
As expected, the Swiss National Bank raised its policy rate by 25 basis points to 1.75 percent. The franc fell against its major counterparts after the decision.
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1186 days ago
Swiss Franc Rises Ahead Of SNB Rate Decision
At 3:30 am ET Thursday, the Swiss National Bank's interest rate announcement is due. The central bank is expected to lift the key rate by 25 bps to 1.75 percent.
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1186 days ago
European Shares Seen Little Changed At Open With Focus On BoE
European stocks are seen opening largely unchanged on Thursday, as investors await Chair Jerome Powell's second day of testimony on Capitol Hill and the Bank of England's interest-rate decision later in the day.
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1186 days ago
European Economic News Preview: Bank Of England Monetary Policy Decision Due
The monetary policy announcements from the Bank of England and the Swiss National Bank are the major events due on Thursday. At 2.45 am ET, France's statistical office publishes business sentiment survey results. The business confidence index is expected to remain unchanged at 99 in June.
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1186 days ago
Sensex, Nifty Little Changed On Weak Global Cues
Indian shares were little changed on Thursday, with IT stocks underperforming after Fed Chair Powell reiterated that interest rates would need to rise further to contain stubbornly elevated inflation.
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1186 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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1186 days ago
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Thursday, following the broadly negative cues from global markets overnight, on renewed concerns over the outlook for interest rates following the hawkish remarks by US Fed Chair Jerome Powell, who reiterated the Fed is likely to continue raising interest rates in an effort to contain stubbornly elevated inflation.
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1186 days ago
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Sensex, Nifty Seen Lower At Open On Powell's Hawkish Remarks
Indian shares may open on a weak note Thursday after Fed Chair Jerome Powell made it clear that inflationary pressures continue to run high, and the tightening has "a long way to go", raising fears of an imminent recession.
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1186 days ago
Japanese Market Modestly Lower
The Japanese stock market is modestly lower in choppy trading on Thursday, giving up some of the gains in the previous two sessions, with the Nikkei 225 falling below the 33,500 level, following the broadly negative cues from global markets overnight, dragged by weakness in technology stocks which mirrored their peers on the tech-heavy Nasdaq.
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1186 days ago
Australian Market Significantly Lower
The Australian stock market is significantly lower on Thursday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 7,300 level, following the broadly negative cues from global markets overnight, dragged by strong losses in mining and technology stocks.
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1186 days ago
Losing Streak May Continue For Thai Stock Market
The Thai stock market has tracked lower in three straight sessions, slumping more than 35 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,520-point plateau and it's expected to open in the red again on Thursday.
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1186 days ago
Soft Start Expected For Indonesia Stock Market
The Indonesia stock market on Wednesday ended the three-day slide in which it had slumped more than 50 points or 0.8 percent. The Jakarta Composite Index now sits just above the 6,700-point plateau although it may see renewed selling pressure on Thursday.
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1186 days ago
Renewed Consolidation Anticipated For Singapore Shares
The Singapore stock market on Wednesday snapped the two-day losing streak in which it had fallen almost 40 points or 1.2 percent. The Straits Times Index now sits just above the 3,220-point plateau although it's likely to head south again on Thursday.
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1186 days ago
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