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Bay Street May Open On Positive Note

The Canadian market looks headed for a positive start Thursday morning amid easing fears of a trade war following U.S. President Donald Trump withdrawing his latest tariff threats against European nations and saying that his administration will not use force to acquire Greenland.
RTTNews | 233 days ago
Turkey Slashes Interest Rate By 100 Bps

Turkey Slashes Interest Rate By 100 Bps

Turkey's central bank reduced its benchmark rate by 100 basis points on Thursday as underlying trend of inflation continued to ease. The Monetary Policy Committee of the Central Bank of the Republic of Turkey decided to reduce the policy rate to 37.0 percent from 38.0 percent.
RTTNews | 233 days ago
FTSE 100 Pares Early Gains; Miners Lose Ground

FTSE 100 Pares Early Gains; Miners Lose Ground

After a firm start and a subsequent bright spell in positive territory amid fading concerns of a potential trade war, the U.K. market's benchmark index FTSE 100 pared most of its gains and was up just marginally a little past noon on Thursday.
RTTNews | 233 days ago
DAX Rebounds As Trade War Jitters Fade; Auto Stocks In Demand

DAX Rebounds As Trade War Jitters Fade; Auto Stocks In Demand

German stock market's benchmark index DAX moved up sharply Thursday morning amid fading concerns about trade war as U.S. President Donald Trump dropped planned tariffs on eight European countries and ruled out using force to take Greenland.
RTTNews | 233 days ago
UK Budget Deficit Narrows In December

UK Budget Deficit Narrows In December

The UK budget deficit narrowed more than expected in December driven by the increase in tax receipts, data from the Office for National Statistics showed on Thursday. Public sector net borrowing decreased GBP 7.1 billion from the previous year to GBP 11.6 billion in December. This was below economists' forecast of GBP 13.4 billion.
RTTNews | 233 days ago
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Asian Shares Regain Footing On Trump TACO Trade

Asian Shares Regain Footing On Trump TACO Trade

Asian stocks advanced on Thursday amid easing geopolitical and trade tensions after U.S. President Donald Trump signaled pausing proposed tariffs against eight European countries over Greenland ownership. Analysts said it was yet another classic TACO (Trump always Chickens Out) trade.
RTTNews | 233 days ago
Australian Dollar Rises As Upbeat Jobs Data Signals RBA Rate Hike

Australian Dollar Rises As Upbeat Jobs Data Signals RBA Rate Hike

The Australian dollar strengthened against other major currencies in the Asian session on Thursday, following the release of Australia's employment data, which supports expectations of tighter monetary policy from the Reserve Bank of Australia (RBA).
RTTNews | 233 days ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | 233 days ago
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finances from the UK and minutes of the European Central Bank's governing council meeting are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data. The budget deficit is expected to widen to GBP 13.4 billion in December from GBP 11.65 billion in November.
RTTNews | 233 days ago

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