European stocks were down sharply on Friday as investors digested a series of central bank decisions and a new economic plan from the UK The Stoxx 600 was down 2.8% in the early afternoon, with all sectors and major exchanges trading in the red. Oil & Gas stocks and Basic Resources were the main losers, …
European stocks slide 2.8% after weak euro zone data, new UK economic plan Read More »
Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …
European markets open to close, BOE and SNB rate decisions Read More »
European stocks advanced on Monday, following a positive trend established late last week and overnight in Asia-Pacific markets. The pan-European Stoxx 600 climbed 1.2% by mid-afternoon as retail stocks jumped 4% to lead the gains, with all sectors and major exchanges trading in positive territory. European equities rejoiced last week at the hawkish tone set …
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Bank of England delays policy meeting after Queen’s death The Bank of England announced on Friday that it would postpone the meeting of its September monetary policy committee for a week after the death of Queen Elizabeth II. The UK is in a period of national mourning following the death of the Queen, Britain’s oldest …
European markets move higher after record ECB rate hike; BoE postpones meeting Read More »
US stocks open lower US stocks opened lower on Thursday as Wall Street braces for further big rate hikes following the rise in the ECB. The Dow Jones Industrial Average fell 1% while the S&P 500 and Nasdaq were both down 0.8%. — Karen Gilchrist European Central Bank raises rates by 75 basis points to …
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European markets are heading for a sharp decline on Monday as investors mull over economic risks in the region, fueled by concerns over energy supplies from Russia. The pan-European Stoxx 600 fell 1.7% in early trading, with autos down 3.8% to lead losses, with most sectors and major exchanges sliding deep into negative territory. Oil …
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LONDON — European markets rose on Thursday as global investors await the start of the US Federal ReserveJackson Hole Economic Symposium. The pan-European Stoxx 600 index gained 0.6% by mid-morning, with oil and gas stocks adding 1.6% to lead the gains as all sectors and major exchanges moved into positive territory except retail, which gained …
Minneapolis Fed Chairman Neel Kashkari on Tuesday reiterated the central bank’s commitment to controlling inflation through monetary policy tightening, and said his biggest fear was that continued pressures on prices are underestimated. Anjali Sundaram | CNBC LONDON — European markets were slightly lower on Wednesday as further hawkish comments from a US Federal Reserve the …
London Stock Exchange Toby Melville | Reuters The pan-European Stoxx 600 was down 0.9% by mid-afternoon as autos fell 3.4% to lead the losses, with most sectors and major exchanges trading in negative territory. Oil & Gas stocks bucked the trend to add 0.8%. Risk sentiment was dampened by hawkish signals from ECB policymakers, with …
Stocks fell on Wednesday as the rally on Wall Street that has driven prices higher since mid-June appeared to peter out as traders weighed the latest retail data and Federal Reserve minutes. The Dow Jones Industrial Average fell 171 points, or 0.5%, while the S&P 500 and Nasdaq Composite fell 0.69% and 1.15%, respectively. Equities …
Dow closes lower Wednesday to end 5-day win streak, Wall Street mulls new retail data Read More »