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Gold Slips Below $4700 On Inflation Concerns
Gold prices slipped below $4,700 an ounce on Wednesday as a stronger dollar and rising Treasury yields dented bullion's safe-haven appeal.
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121 days ago
DAX Moderately Higher As Investors React To Earnings
Despite concerns about inflation and the ongoing Middle East conflict, the German stock market gained notable ground in positive territory on Wednesday as investors focused on earnings updates and regional economic data.
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121 days ago
Oil Prices Ease After Three-day Rally
Oil prices were slightly lower on Wednesday after three days of strong gains.
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121 days ago
European Shares Rebound Amid Earnings Deluge
European stocks traded higher on Wednesday, with earnings and a slew of economic data in focus.
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121 days ago
Asian Shares Mixed Ahead Of Trump-Xi Summit
Asian stocks turned in a mixed performance on Wednesday as strong momentum in technology stocks helped investors look past concerns over rising U.S. inflation and the Middle East tensions.
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121 days ago
Siemens Q2 Profit Drops, Orders Rise; Backs FY26 Outlook
German conglomerate Siemens AG on Wednesday maintained its fiscal 2026 outlook after reporting weak profit and revenues in the second quarter. On the XETRA in Germany, the shares were losing around 1.2 percent. For fiscal 2026, Siemens continues to expect basic earnings per share pre purchase price allocation accounting or PPA of 10.70 euros to 11.10 euros.
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121 days ago
NZ Dollar Falls Amid Risk-off Mood
The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday, as Asian markets traded lower, as surging crude oil prices renewed global inflationary pressures amid the re-escalation in the Middle East conflict following the U.S. rejection of Iran's peace proposal. Hotter-than-expected US inflation data also reinforced expectations for tighter U.S. Fed policy.
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121 days ago
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NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday.
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121 days ago
European Economic News Preview: Eurozone GDP Data Due
Flash quarterly national accounts and industrial production from the euro area and final inflation from France are due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for April. Wholesale prices are forecast to rise 1.8 percent on a monthly basis after rising 2.7 percent in March.
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121 days ago
European Shares Likely To Open On Firm Note
European stocks may open on a positive note on Wednesday, though regional gains are likely to remain capped amid bets that the U.S. Federal Reserve may have to raise interest rates next year.
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121 days ago
Indian Shares Fluctuate In Early Trade
Indian shares were subdued in early trade on Wednesday after two consecutive heavy selloff-sessions on concerns over rising crude oil prices in international markets, a weakening rupee and continued foreign fund outflows.
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121 days ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extending the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling below the 8,650 level, following the mixed cues from Wall Street overnight, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
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121 days ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as surging crude oil prices renewed global inflationary pressures amid the re-escalation in the Middle East conflict following the U.S. rejection of Iran's peace proposal. Hotter-than-expected US inflation data also reinforced expectations for tighter US Fed policy.
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121 days ago
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