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Yen Rises Amid Risk-Aversion

Yen Rises Amid Risk-Aversion

The Japanese yen strengthened against other major currencies in the European session on Friday, as European stocks traded lower, as investors fretted about overvalued tech valuations and an uncertain path for U.S. monetary policy.
RTTNews | 298 days ago
CAC 40 Recovers After Early Setback, But Remains Weak

CAC 40 Recovers After Early Setback, But Remains Weak

After an early setback that resulted in the benchmark CAC 40 losing over 100 points, the French market recovered and briefly moved above the flat line on Friday. Concerns about high tech valuations have resurfaced despite US chipmaker Nvidia's strong earnings and update.
RTTNews | 298 days ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Friday.
RTTNews | 298 days ago
DAX Down Nearly 1% On Valuations Concerns, Soft PMI Data

DAX Down Nearly 1% On Valuations Concerns, Soft PMI Data

After snapping a five-day losing streak in the previous session thanks to strong earnings and guidance from U.S. chipmaker Nvidia, the German market is down firmly in negative territory on Friday, amid fresh concerns over valuations, uncertainty about Fed interest rates, and data showing a moderation in German servics and manufacturing sectors activity.
RTTNews | 298 days ago
Pound Slides After Weak U.K. Retail Sales Data

Pound Slides After Weak U.K. Retail Sales Data

The British pound weakened against other major currencies in the European session on Friday, after U.K. retail sales declined for the first time in five months in October as consumers delayed their spending in the lead up to Black Friday.
RTTNews | 298 days ago
Indian Shares End Lower As Nvidia Euphoria Fades

Indian Shares End Lower As Nvidia Euphoria Fades

Indian shares ended lower on Friday, tracking weak cues from global markets as a brief Nvidia-led rally faded and mixed U.S. jobs data left markets uncertain whether the Federal Reserve will cut rates in December.
RTTNews | 298 days ago
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Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 298 days ago
Australian Dollar Falls Amid Risk-off Mood

Australian Dollar Falls Amid Risk-off Mood

The Australian dollar weakened against other major currencies in the Asian session on Friday, as traders further scaled down their expectations for another U.S. Fed interest rate cut in December after the long-delayed U.S. jobs report for September showed an unexpected uptick in unemployment rate, with job growth far exceeded economist estimates. Concerns about an AI investment bubble and high valuations in the markets also remain.
RTTNews | 298 days ago
UK Retail Sales Fall For First Time In 5 Months; Consumer Sentiment Weakens

UK Retail Sales Fall For First Time In 5 Months; Consumer Sentiment Weakens

UK retail sales declined for the first time in five months in October as consumers delayed their spending in the lead up to Black Friday, the Office for National Statistics said on Friday. British consumer confidence deteriorated in November ahead of the upcoming autumn budget, a private survey revealed.
RTTNews | 298 days ago

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