European stocks gained on a busy day of earnings reports and ahead of a decision from the region’s central bank, while traders increasingly bet that the Federal Reserve is close to the end of its tightening cycle. Barclays shares slumped after its second-quarter trading revenue fell 41%. The Stoxx...
US new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices are restraining momentum in the market. Purchases of new single-family homes fell 2.5% to an annualized 697,000 pace after a downward revision to the prior month, government data showed...
Hong Kong stocks jumped in the opening few minutes of trade Thursday as investors bet that the Federal Reserve's latest interest rate hike could be its last as inflation eases. The Hang Seng Index rose 0.71 percent, or 136.95 points, to 19,502.09. The Shanghai Composite Index added...
Hong Kong stocks opened lower on Wednesday following the previous day's surge fuelled by China stimulus hopes, while traders are also awaiting a Federal Reserve policy decision later in the day. The Hang Seng Index dipped 0.48 percent, or 93.63 points, to 19,340.77. The Shanghai Composite Index...
Business activity in the US private sector expanded at a slower pace in early July than in June, with S&P Global Composite PMI declining to 52 from 53.2. This reading came in slightly weaker than the market expectation of 53.1. S&P Global Manufacturing PMI improved to...
Gold edged higher, buoyed by a slump in Treasury yields and a weaker dollar, while traders speculated over the Federal Reserve’s next interest rate move beyond July.US policymakers are widely expected to raise interest rates by 25 basis points this week — a scenario that’s already...
U.S. stock futures were flat on Tuesday morning after the Dow Jones Industrial Average registered its longest winning streak since February 2017. Dow Jones Industrial Average futures inched down by a single point. Futures linked to the S&P 500 advanced by 0.03%, and Nasdaq 100 futures...
The headline German IFO Business Climate Index declined to 87.3 in July versus last month's 88.6 and the consensus forecast of 88.0. Meanwhile, the Current Economic Assessment arrived at 91.3 points in the reported month, compared with June’s 93.7 and 93.0 anticipated. The IFO Expectations Index indicating...