Defying Headwinds, Germany Stocks Hit Milestone
The index, which groups the 40 largest publicly-traded companies on the Frankfurt Stock Exchange, reached 20,022 points at around 0900 GMT before slightly paring its gains.
German GDP Downgraded In New Blow For Struggling Economy
German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.
Most Asian Markets Rise As Traders Gear Up For Fed Rate Cut
More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fueled by worries the world's top economy could be heading for recession.
Asian Markets Battle To Match Wall Street Rally Ahead Of US Inflation
With Friday's non-farm payrolls showing the labor market slowing faster than expected, there is a growing worry that the world's top economy is heading for a recession, which sent stocks tumbling.
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Tokyo's Nikkei Index Closes Up 10.2% After Previous Day's Record Fall
The benchmark Nikkei 225 index jumped 10.23 percent, or 3,217.04 points, to end at 34,675.46, while the broader Topix index added 9.30 percent, or 207.06 points, to 2,434.21.
Asian Markets Rise Ahead Of Fed Chief's Congress Testimony
The US central bank has held interest rates at the highest levels in more than two decades to bring inflation down to its long-term two percent target without doing too much damage to either the labor market or the broader economy.
Gold Hits Record Peak On US Rate Cut Hopes
Gold, whose twin drivers are jewelry and investment buying, has now gained about 15 percent in value since the same stage last year.
UK Awaits Voter-friendly Budget Before Election
Huge giveaways are not expected, however, as stubbornly-high inflation hikes repayments on state borrowing, undermining the ability to stimulate the recession-hit UK economy.
Most Asian Markets Retreat As Fed Crushes March Rate Cut Hope
After a much-anticipated meeting, Fed policymakers acknowledged that inflation was going in the right direction and that they expected to begin lowering borrowing costs this year from their two-decade highs.
ECB To Stand Pat And Urge Patience On Rate Cuts
The European Central Bank is expected to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.
ECB To Signal No Rush To Cut Interest Rates
European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.
Markets Track Wall St Rally But China Worries Cast Shadow
Markets mostly rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates, though China's economic woes dragged on Hong Kong and Shanghai.
Stocks, Oil Prices Slump On Economic Headwinds
Stock markets and oil prices slumped Wednesday as investors reacted to weak Chinese growth data and an unexpected rise in UK inflation.
Stock Markets Gain, Dollar Down Before US Inflation Data
The positive vibes across Asian and European trading floors followed gains Wednesday on Wall Street, where tech firms bounced after a relatively dour start to the year and dealers were gearing up for annual earnings from the world's biggest companies.
US Interest Rates Likely To Stay High 'For Some Time': Fed Minutes
US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.
Global Stocks Mostly Retreat
Asian and European stock markets mostly fell Wednesday as traders took cash off the table after a blockbuster end to 2023, with eyes now on the release this week of US Federal Reserve minutes and jobs data.
Asian Stocks Track US Gains In 'Santa Claus Rally'
Asian markets were higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March.
Top Equity Markets Mostly Down As Fed Rate-cut Rally Fades
Major stock markets mostly fell Monday following last week's rally, with Federal Reserve officials looking to temper expectations the US central bank will cut interest rates several times next year.
Brazil Cuts Interest Rate Another Half-point
Brazil's central bank cut its key interest rate by half a point for the fourth straight time Wednesday, continuing the easing President Luiz Inacio Lula da Silva hopes will spur Latin America's biggest economy.
OPEC+ Cartel's Grip On Oil Market Loosening: IEA
The OPEC+ cartel, led by Saudi Arabia and Russia, has been restraining production to maintain prices but the latter have recently slumped due to the weakening of the global economy and increases in output outside the bloc.
Rate Pauses In View On Busy Central Banking Day In Europe
On a bumper day for central banks in Europe, policymakers were holding their final meetings of 2023 -- a year marked by steep interest rate hikes to tame runaway consumer prices.
US Fed Pause Expected Amid Flurry Of Rate Decisions
With a pause deemed extremely likely, attention is on the language of the Fed's decision, along with its accompanying economic forecasts, and the post-meeting press conference by Fed Chair Jerome Powell.
Stocks Mixed Tracking Cooler Inflation, Weak Growth
European stock markets rose Friday after Asian indices closed mixed, with a cooler inflation environment offset by recession risks.
Stock Markets Rise With Inflation On Radar
Stock markets rose Thursday before publication of key US inflation data and as investors reacted to mixed economic news out of the eurozone.
Stock Markets Fall Further Before US Economy Updates
Major European and Asian stock markets mostly fell for a second session running Tuesday as traders booked profits before updates on the US economy this week, notably a key inflation reading.
Stock Markets Diverge As Traders Eye Fed Minutes
Asian and European stock markets traded mixed Monday with investors focused firmly on whether the US Federal Reserve and other central banks have reached a peak over interest-rate hikes as inflation cools.
European Stocks Rally, As Tanking Alibaba Weighs On Hong Kong
Europe's main stock markets rallied and the dollar weakened Friday, closing out a volatile week for financial assets as investors assess the outlook for interest rates.
Stocks Advance On Eve Of US Inflation Data
Asian and European stock markets climbed Monday as traders awaited this week's key US inflation data, with traders still concerned the Federal Reserve could lift interest rates again.
Europe Stocks Climb As Traders Await Fed Guidance
European stock markets rose Thursday as investors awaited fresh signals from the Federal Reserve about the direction of US interest rates, but Hong Kong dipped and Shanghai flatlined on renewed concerns over the Chinese economy.
Markets Drift As Traders Weigh Outlook For Rates
Equity markets struggled Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge.
Stocks Retreat As Weak Growth Concerns Weigh
Major stock markets mostly retreated and the dollar advanced Tuesday as concerns about weak growth offset hopes of an end to global interest-rate hikes.
Stocks Extend Global Rally As US Jobs Data Cements Rate Hopes
Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle.
Asia Extends Global Stocks Rally On Rate Optimism, Jobs In Focus
Equities extended a global rally Friday as investors were caught up in a wave of optimism that the Federal Reserve has finished its cycle of interest rate hikes, with eyes now on the release of US jobs data.
US Fed Likely To Hold Rates Again Despite Strong Economic Growth
The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy.
