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Pound Falls As U.K. Jobless Rate Ticks Up
The pound dropped against its major counterparts in the European session on Tuesday, as the nation's jobless rate came in higher than expected in the three months to March, reducing concerns over more interest rate hikes from the Bank of England.
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1221 days ago
DAX Edges Higher Despite Weak China Data
German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
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1221 days ago
China Industrial Output, Retail Sales Data Miss Expectations
China's industrial production and retail sales expanded at faster rates in April but both missed expectations signaling that monetary policy easing might be needed to regain the strength experienced after the scrapping of zero-Covid policy. Industrial production posted an annual growth of 5.6 percent in April, faster than the 3.9 percent increase in March, the National Bureau of Statistics said
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1221 days ago
Asian Shares Mixed On China Data
Asian stocks ended mixed on Tuesday after Chinese economic data came in weaker than expected.
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1221 days ago
Australian Dollar Extends Fall On Disappointing Chinese Economic Data
The Australian dollar extended its recent weakness against other major currencies in the Asian session on Tuesday, after the release of data from the Chinese economy showing that growth in retail demand and production at a slower pace.
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1221 days ago
European Shares Seen Flat To Lower As China Data Disappoints
European stocks look set to open broadly lower on Tuesday as investors react to disappointing Chinese data and await more news regarding the U.S. debt ceiling negotiations.
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1221 days ago
European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK labor market data for March. The jobless rate is seen unchanged at 3.8 percent. Average earnings including bonus is forecast to grow 5.8 percent in three months to March.
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1221 days ago
more news
Sensex, Nifty Slip On Weak Trade Data; Auto Stocks Drag
Indian shares were marginally lower on Tuesday, with muted global cues and disappointing trade data weighing on sentiment.
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1221 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
RTTNews
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1221 days ago
Asian Markets Trading Mixed
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remain cautious and reluctant to make significant moves amid worries over a standoff on raising the U.S. government's $31.4 trillion borrowing limit. Traders also looked ahead to the release of some key economic data in the coming days.
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1221 days ago
Sensex, Nifty Seen Tad Higher At Open; Oil Stocks In Focus
Indian shares are seen opening higher on Tuesday, with oil & gas companies likely to be in focus after the government cut windfall tax on petroleum crude to zero from Rs 4,100 per ton with effect from May 16.
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1221 days ago
Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Tuesday, extending the gains in the previous three sessions, with the Nikkei 225 moving above the 29,800 level to 18-month highs, following the broadly positive cues from global markets overnight, with gains across most sectors, led by technology stocks.
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1221 days ago
China Industrial Production Rises 5.6% On Year In April
Industrial output in China was up 5.6 percent on year in April, the National Bureau of Statistics said on Tuesday.
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1221 days ago
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