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CAC 40 Gains As Banking Worries Ebb
French stocks opened higher on Wednesday after top U.S. finance officials pledged to use all tools for any size institution, as needed, to keep the financial system safe and sound.
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1266 days ago
Australian Dollar Falls As Soft Inflation Fuels RBA Rate Pause Hopes
The Australian dollar depreciated against its most major counterparts on Wednesday, as the nation's consumer inflation slowed more than expected in February, bolstering hopes for a pause in the policy tightening by the Reserve Bank of Australia.
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1266 days ago
DAX Climbs As Infineon Raises Outlook
German stocks rose notably on Wednesday after top U.S. regulators tried to assure Congress that the overall financial system is still sound and the collapse of Silicon Valley Bank was a "textbook case of mismanagement".
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1266 days ago
UBS Rehires Sergio Ermotti As Its CEO To Oversee Credit Suisse Merger
UBS Group AG has called back its former Chief Executive Officer Sergio Ermotti to lead the Swiss banking giant amid the new challenges and priorities it faces following its planned acquisition of troubled domestic rival Credit Suisse Group AG. Following the news, UBS shares were gaining more than 2 percent in Swiss trading as well as in pre-market activity on the NYSE.
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1266 days ago
Asian Shares Mixed In Cautious Trade
Asian stocks ended Wednesday's session on a mixed note as rising Treasury yields offset easing concerns over the banking sector.
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1266 days ago
Australia Inflation Moderates In February
Australia's consumer price inflation moderated to an eight-month low in February adding weight to the expectations that the Reserve Bank will pause its interest rate hike next week. Consumer prices grew at a slower pace of 6.8 percent after a 7.4 percent gain in January, the Australian Bureau of Statistics reported Wednesday.
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1266 days ago
NZ Dollar Strengthens As Most Asian Stock Markets Rise
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, as Asian stocks improved across most sectors, led by commodity-linked stocks amid a spike in commodity prices.
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1266 days ago
more news
European Shares Likely To Open On Steady Note
European stocks are likely to open higher on Wednesday after regulators blamed the role of social media and Silicon Valley Bank management for its collapse and insisted the collapse was not so much a failure of regulation.
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1266 days ago
European Economic News Preview: Germany GfK Consumer Confidence Due
Consumer sentiment survey results from Germany and France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Germany's market research group GfK is scheduled to issue consumer confidence survey results for April. The consumer sentiment index is forecast to rise to -29.2 from -30.5 in March.
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1266 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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1266 days ago
Sensex, Nifty Open Higher In Cautious Trade; Adani Group Stocks Rebound
Indian shares opened a tad higher on Wednesday, tracking mixed cues from global markets.
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1266 days ago
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
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1266 days ago
Asian Markets Mostly Higher Amid Cautious Trades
Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as the mood was cautious with traders awaiting further updates on the health of the banking sector, and looking ahead to some crucial economic data for direction. Commodity-linked stocks were the major gainers amid a spike in commodity prices.
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1266 days ago
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