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Eurozone Private Sector Downturn Slows

Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously. The flash composite output index rose to a four-month high of 48.8 in December from 47.8 in the previous month, survey results from S&P Global showed Friday. The reading was also above ec
RTTNews | 1366 days ago
CAC-40 Overwhelmed By Recession Fears

CAC-40 Overwhelmed By Recession Fears

The CAC-40 plunged more than 1 percent as markets weighed the likelihood of the prolonged interest rate hikes taking a toll on the economy's health. Recession fears dominated sentiment amidst central banks worldwide reiterating their commitment to fighting inflation, even at the cost of sacrificing growth.
RTTNews | 1366 days ago
Sensex, Nifty Extend Losses To 2nd Straight Day As Growth Worries Weigh

Sensex, Nifty Extend Losses To 2nd Straight Day As Growth Worries Weigh

Indian stock indices Sensex and the Nifty closed notably lower for a second straight session, as stocks tumbled on Friday amid rising concerns about global economic slowdown after major central banks raised interest rates and signaled further policy tightening in the coming months.
RTTNews | 1366 days ago
DAX Burdened By Hawkish Central Bank Actions

DAX Burdened By Hawkish Central Bank Actions

The German stock market benchmark DAX extended losses, dropping close to a percent, amidst lingering pain over central banks world-wide hiking interest rates and also hinting at still more increases.
RTTNews | 1366 days ago
Australian Dollar Declines On Global Growth Concerns

Australian Dollar Declines On Global Growth Concerns

The Australian dollar fell against its major counterparts in the European session on Friday, as investors fear that tighter monetary policy across the globe could lead to a recession.
RTTNews | 1366 days ago
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Asian Stocks End Lower On Recession Worries

Asian Stocks End Lower On Recession Worries

Asian markets traded lower on Friday as rate hikes and a hawkish posture by central banks worldwide spooked investor confidence and triggered fears of a recession. Benchmarks in Japan, China, Australia, New Zealand and South Korea plunged into red while the Hang Seng advanced from Thursday's levels.
RTTNews | 1366 days ago
Twitter Suspends Accounts Of Some Key Journalists

Twitter Suspends Accounts Of Some Key Journalists

Elon Musk's Twitter has suspended accounts of several high-profile journalists including that of CNN, The New York Times, The Washington Post, as well as Mastodon, a Twitter rival. Musk, while replying to a Twitter user, said, "They posted my exact real-time location, basically assassination coordinates, in (obvious) direct violation of Twitter terms of service."
RTTNews | 1366 days ago
UK Retail Sales Unexpectedly Fall Amid Cost Of Living Crisis, Weak Confidence

UK Retail Sales Unexpectedly Fall Amid Cost Of Living Crisis, Weak Confidence

UK retail sales declined unexpectedly in November as the rising cost of living and weak consumer sentiment dragged down consumer spending. Retail sales volume fell 0.4 percent from October, when turnover was up by revised 0.9 percent, data from the Office for National Statistics showed Friday. Sales were expected to gain 0.3 percent.
RTTNews | 1366 days ago
European Economics News Preview: Eurozone Flash PMI, Inflation Data Due

European Economics News Preview: Eurozone Flash PMI, Inflation Data Due

Flash Purchasing Managers' survey results, foreign trade and final inflation reports from the euro area are the top economic news due on Friday, headlining a busy day. Retail sales and flash PMI figures are also due from the UK. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for November. Sales are forecast to climb 0.3 percent on month.
RTTNews | 1366 days ago
Recession Fears Seen Dragging Down European Stocks

Recession Fears Seen Dragging Down European Stocks

Markets in Europe are expected to remain muted amidst overwhelming anxiety regarding prolonged period of interest rate hikes. Close on the heels of the Fed's rate hike on Wednesday, the Bank of England and the European Central Bank, both raised rates by 50 basis points, instilling fresh fears of a recessionary economic scenario.
RTTNews | 1366 days ago
Sensex, Nifty Down Firmly In Negative Territory On Global Growth Worries

Sensex, Nifty Down Firmly In Negative Territory On Global Growth Worries

Indian stock indices Sensex and the Nifty are down firmly in negative territory on Friday, extending losses from the previous session, amid concerns about global economic slowdown due to surging interest rates, and further imminent increases from central banks.
RTTNews | 1366 days ago

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