#FlashNews#

European stocks look set to open mostly lower on Thursday, with the BOE rate decision later in the day and Friday's U.S. jobs report likely to be in focus. The Bank of England is expected to increase interest rates by 25 basis points to 5.25 percent and it remains to be seen whether the central bank

Asian stocks traded mostly lower on Thursday, adding to steep losses in the previous session as the dollar surged and Treasury yields spiked following a U.S. credit rating downgrade from Fitch and better-than-expected ADP employment data. Gold held near three-week lows while oil prices were up sligh

It's not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it's going to take a major step up in governance. Fitch Ratings cut the United States' long-term foreign currency issuer default rating to AA+ fr

The U.S. dollar advanced against its major counterparts in the European session on Wednesday, as the nation's private sector employment jumped much more than expected in July and Fitch's downgrade of the credit rating dampened risk sentiment. Data from payroll processor ADP showed that private secto

European stocks fell sharply on Wednesday after Fitch downgraded the U.S. government's credit rating from AAA to AA+, citing fiscal deterioration and repeated debt ceiling standoffs. The rating agency said that during the last 20 years, there has been a decline in the standard of governance in Ameri

Asian stocks tumbled on Wednesday after various surveys showed factory activity around the world took a further turn for the worse in July. Investors also fretted over the state of U.S. finances and its debt burden after Fitch downgraded the U.S. government's credit rating from AAA to AA+, citing fi

Sentiment suffered as markets reacted to the rating downgrade of U.S. by global rating agency Fitch Ratings. The surprise move added to the weak sentiment ahead of the interest rate decision by Bank of England on Thursday and the release of non-farm payrolls data from the U.S. on Friday. Wall Street

European stocks may drift lower on Wednesday after Fitch Ratings downgraded the U.S. credit rating by one notch to AA+, citing high debt burden at the federal, state, and local levels and a concerning decline in governance standards over the last two decades. Asian markets fell sharply, and U.S. sto

Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major rivals in the Asian session on Wednesday, as investors reacted to data that showed a slowdown in global manufacturing activity in July, including in China, Japan, South Korea, Taiwan and Vietnam, rai

The U.S. dollar surged higher on Tuesday and bond yields rose amid concerns about the outlook for interest rates following the latest economic data. Bond prices dropped this morning and eased further as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite o

European stocks traded lower on Tuesday as weak manufacturing PMI data from Asia and Europe revived growth worries. The HCOB Eurozone Manufacturing PMI fell to 42.7 in July from 43.4 in the previous month, marking the lowest in three years. U.K. factory output fell at the fastest pace in seven month

Market sentiment remained mixed ahead of key data releases lined up for the week. Manufacturing PMI and Job Openings data from the U.S are due later in the day. Bank of England's interest rate decision and Services sector PMI readings from the U.S. are due on Thursday. The unemployment report and th

European stocks closed slightly higher on Monday as investors reacted positively to China's State Council announcement about further measures to bolster consumption and economic growth, and encouraging data on Eurozone GDP growth and eurozone inflation. GDP in the euro area grew 0.3% in the second q

The Bank of Japan announced Friday "greater flexibility" in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the Japanese yen whipsawing against the U.S. dollar, whil

Turkey's central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to "restore anchoring of expectations as well as predictability." The new forecast is more than double the 22.3% outlined in the cent