Currencies

Pound strengthens after British jobs data

LONDON -The pound strengthened against the euro for the fourth session in a row on Tuesday after British labour market data which analysts said would not affect the Bank of England's cautious stance...

DAX Investors Proceed with Caution

After a subdued start to the week, DAX investors continue to proceed cautiously, avoiding any bold moves. Germany's benchmark index rose by 0.3 percent to 24,156 points at the opening on Tuesday....

DAX Gains Momentum as Defense Stocks Come Under Pressure

Speculation about a possible easing of the Ukraine conflict is giving the DAX a boost. The German benchmark index rose by 0.2 percent to 24,210 points at Monday's opening. For the DAX to reach a new...

Trump moves to extend grip on Fed

A look at the day ahead in European and global markets from Rae Wee With U.S. President Donald Trump's nomination to fill a newly vacant seat at the Federal Reserve now out of the way,...

Dollar heads for weekly loss on dovish Fed expectations

The dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S....

Rate Cut Hopes Propel European Markets Higher Despite New US Tariffs

Despite the implementation of new US tariffs, investors continued to snap up stocks on European exchanges. According to experts, persistent hopes for an interest rate cut by the US Federal Reserve in...

Wall Street mixed as oil prices decline for 6th session

NEW YORK/LONDON -Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a...

Brazil's iFood app announces $3.1 billion in investments

SAO PAULO -Brazilian food delivery app iFood, owned by Dutch investment group Prosus, announced on Tuesday direct investments of 17 billion reais in the country between April 2025 and March 2026. ...

Sterling firms against dollar as markets look to BoE rate guidance

Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week's policy meeting. The BoE...

Euro zone business growth inched up in July but remained subdued, PMI shows

LONDON -Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped, a survey showed on Tuesday. The HCOB Eurozone...

Russian services sector contracts at fastest rate since June 2024, PMI shows

Russia's services sector contracted at its fastest pace since June 2024 in July, a business survey showed on Tuesday, as new orders declined in a subdued sales environment. The S&P...

DAX Poised for Higher Open as Corporate Earnings Take Center Stage

On Tuesday, the DAX is expected to start trading with gains, according to movements observed in the futures markets. At the start of the week, Germany's benchmark index climbed 1.4 percent to around...

Buy the dip, we can worry about jobs later

A look at the day ahead in European and global markets from Wayne Cole. It's been a case of buy the dip so far on Monday as U.S. and European stock futures edge up, along with the...

Russian rouble expected to weaken by 20% in next 12 months, poll shows

MOSCOW -The Russian rouble is expected to weaken to 100 against the U.S. dollar in the next 12 months, a 20% decline from its current level, according to a Reuters poll of 14 analysts on Friday, with...

Sterling steadies after worst monthly performance since 2022

LONDON -The pound held steady on Friday, having posted its worst monthly performance against the dollar in three years, as the U.S. currency rallied after President Donald Trump imposed new tariff...

Irish manufacturing sees robust output growth in July, PMI shows

DUBLIN -Ireland's manufacturing sector maintained strong growth in July, with output levels rising for the seventh successive month despite facing increased input cost pressures, a survey showed on...

Pound heads for worst month since 2022 budget crisis

LONDON -The pound headed towards its largest monthly loss against the dollar since September 2022 on Thursday, reflecting growing confidence among investors in the outlook for the U.S. economy and...

Russia's VTB reports drop in quarterly profit, raises full-year outlook

MOSCOW -Russia's second-largest lender VTB on Thursday reported a 10% year-on-year drop in second-quarter net profit to 139.2 billion roubles , as high interest rates squeezed the bank's net...

Hungary's Orban pledges housing subsidies for public servants in pre-election push

BUDAPEST -Hungary plans to give public servants, including police and teachers, an annual 1 million forint housing subsidy, Prime Minister Viktor Orban announced as he gears up for a closely-fought...