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European Stocks Slightly Lower On Inflation, Rate Hike Concerns
European stocks are broadly lower on Wednesday as investors digest the latest batch of economic data, and earnings update from the region, and also reacting to comments from some Federal Reserve officials about interest rate hikes.
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1246 days ago
Stubborn Inflation Drags Down FTSE 100
FTSE 100 of the London Stock Exchange dropped close to half a percent as annual inflation persisted in double digits, triggered fears of further monetary tightening by the Bank of England.
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1246 days ago
Sensex, Nifty Close Lower For 3rd Straight Day
Indian benchmark indices Sensex and the Nifty50 posted losses for the third consecutive session as stocks fell on Wednesday with lingering concerns about U.S. interest rates continuing to outweigh recent strong economic data from China.
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1246 days ago
CAC-40 Drops As Inflation Spike Fuels Rate Hike Fears
The CAC-40 traded with losses on Wednesday amidst renewed concerns about inflation and interest rate hikes.
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1246 days ago
Europe Car Registrations Surge 28.8% In March: ACEA
European passenger car registrations signaled further strong expansion at the end of the first quarter driven by sharp increases in the four major markets and the ever rising demand for electric cars, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
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1246 days ago
DAX Drops As Bets Of A Dovish Fed Dim
The DAX benchmark of the Frankfurt bourse moved lower on Wednesday as renewed fears of Fed's tightening dampened sentiment.
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1246 days ago
Pound Rises On Higher-Than-Expected UK Inflation Report
The British pound strengthened against other major currencies in the European session on Wednesday, after data showed U.K. consumer prices rose more than anticipated in March.
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1246 days ago
more news
Asian Stocks Mixed As Fed Back In Focus
Asian markets mostly moved lower as renewed worries about the Fed's actions drained the euphoria that followed upbeat economic data from China.
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1246 days ago
UK Inflation Exceeds Expectations
UK consumer prices increased more than expected in March to remain stubbornly high on rising food prices and strengthened the call for a quarter point interest rate hike at the next Bank of England policy meeting in May. Consumer prices logged an annual increase of 10.1 percent, which was slower than the 10.4 percent in February, the Office for National Statistics reported Wednesday.
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1246 days ago
Indian Rupee Falls To 8-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar on Wednesday, as regional shares fell on concerns about further interest rate hikes by the U.S. Federal Reserve.
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1246 days ago
ASML Q1 Results Surge, Bookings Down; Backs FY23 View; Stock Dips
Dutch semiconductor equipment maker ASML Holding N.V. reported Wednesday significantly higher profit in its first quarter mainly driven by strong net sales with increased sales of lithography systems. Further, the company lifted dividend, and said it sees sequentially higher net sales in the second quarter. ASML also maintained its fiscal 2023 sales growth view. In the early morning trading...
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1246 days ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the early European session on Wednesday.
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1246 days ago
Pound Rises After CPI, PPI And Retail Prices
At 2:00 am ET Wednesday, the Office for National Statistics issued U.K. consumer, producer and retail price indices for March.
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1246 days ago
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