forex news today time|Page 108 | EBC Financial Group

Fund managers direct attention to the UK

2023-08-18

The earnings letdown in Q2 raises concerns among institutional investors about the European stock market outlook.

Fitch’s new warning will unlikely tip the scales of investing

2023-08-16

If one-notch downgrade from AA- to A+ is implemented, more than 70 banks would be affected including some industrial behemoths. JP Morgan and BOA could be among them.

Japan’s strong GDP in Q2 fails to boost yen

2023-08-15

Japan’s economy posted its third straight quarterly expansion of an annualized 6% helped by a robust export growth, handily beating market expectations of 3.1% gain.

Aussie dollar sees no light at the end of the tunnel

2023-08-14

UBS said in March the currency would be benefited from the end of interest rate hikes by the Fed. But that will hardly play out with the expectation that the RBA is also nearly finished.

Banks shares decline on Moody’s downgrade

2023-08-09

Moody’s cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants on review for potential downgrades on Tuesday.The rating agency warned that the sector’s credit strength would likely be tested by funding risks and weaker profitability.

Japan’s surplus warrants no yen intervention

2023-08-08

Japan’s current account balance logged the fifth straight month of surplus in June as the trade balance swung to a surplus, government data showed on Tuesday.

Global funds fall for Japanese equities again

2023-08-07

Investor looking to ride crest of Asia boom are not deterred by Japan’s stock market hitting a 33-year high and signs of slowing global growth. Japan’s Nikkei 225 has gained over 23% year-to-date, well ahead of the S&P 500 despite U.S. economic resilience.

July’s NFP preview: ADP made the same mistake?

2023-08-03

The U.S. added 209,000 jobs in June, slightly missing expectations for 230,000 and down from a downwardly revised 306,000 in May, according to the monthly employment report from the BLS.

Aussie dollar tumbles as RBA holds rates

2023-08-02

Most global stocks dipped and Treasury yields climbed on Tuesday, as investors weighed declining factory activity in the euro zone and China with stabilizing U.S. manufacturing and job openings that signalled a still-tight labour market.

Gold and oil buoyed by dovish central banks

2023-08-01

Wall Street and global stocks edged up on Monday while the dollar was little changed, as traders looked ahead to corporate earnings and a key employment report due this week.

Yen eyes first monthly gain since March on policy tweak

2023-07-31

World shares rose while U.S. Treasury yields fell on Friday as markets digested the BOJ's decision to tweak its ultra-loose monetary policy as well as data showing a continuing moderation in annual U.S. inflation.

Gold hits 2-week low on strong U.S. GDP growth

2023-07-28

Global equity markets fell while the U.S. dollar gained on Thursday following news of stronger-than-expected U.S. economic growth despite consecutive interest rate hikes from the Fed and ECB.

Markets are ready for end of rate hiking cycle

2023-07-26

Global equity markets and U.S. Treasury yields rose on Tuesday ahead of the Fed's expected interest rate hike and as markets awaited a stream of quarterly results from corporate heavyweights.

The Fed's July meeting

2023-07-21

The Fed will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle.

Stocks and dollar gain on cooling U.K. inflation

2023-07-20

Global stocks rose and the dollar strengthened on Wednesday after a surprise cooling of British inflation rippled across markets that anticipates the Fed next week will hike interest rates for the last time.