European stock futures lower; weak German factory orders add to economic woe Investing.com – European stock markets are expected to open lower Wednesday, as weak German factory orders and rising oil prices added to global growth concerns. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 Read more…
Australian Economy Defies Rate Hikes as Exports Drive Growth Business activity in the UK is losing ground, as is the case in Europe and China, although the final reading for August saw the services PMI rise to 49.5 from the first estimate of 48.7. According to today’s PMI, the services Read more…
STOCKS Reuters-Logo ANALYSIS-Part of China’s economic miracle was a mirage. Reality check is next BEIJING, Sept 4 (Reuters) – Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was Read more…
Dollar eases as traders bet Fed is done with rate rises SINGAPORE : The dollar drifted in cautious trading on Monday as investors weighed U.S. jobs data that showed some signs of cooling, boosting expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Against Read more…
The Fed likely won’t raise rates this month — but November is another matter Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that brought rates to their highest level in 22 years. But the Fed Read more…
Markets slipped into the pre-NFP consolidation mode on early Friday, following a turnaround on Thursday. That said, the US Dollar fades the previous day’s recovery from the key moving average amid mixed bias about the Fed while sentiment remains cautiously optimistic due to China stimulus measures. Gold price edges higher Read more…