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Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation...
KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow
South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, exte...
U.S. stock futures fall as hot inflation revives Fed hike concerns
S&P 500 Futures inched 0.3% lower to 7,747.50 points, while Nasdaq 100 Futures fell 0.8% to 29,943.0...
United States Dollar Index (DXY) eases from two-week top, holds above 99.50 ahead of Fed
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from a two-week high, retested earlier this Wednesday, though it lacks follow-through selling.
Equities: Consumer sectors under pressure from energy shock – Danske Bank
Danske Bank’s Danske Research Team observes that global equities closed lower on Tuesday, with Energy the only sector in positive territory as Oil prices surged.
British Pound: Rising price pressures challenge BoE – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that United Kingdom (UK) inflation rose in August, with headline Consumer Price Index (CPI) at 3.1% year-on-year, its highest since December last year. While Core CPI ...
Euro ticks higher against British Pound following UK CPI data
The Euro (EUR) edged up against a softer British Pound (GBP) after UK Consumer Prices Index (CPI) data revealed that inflation grew in line with market expectations in August.
British Pound remains on the defensive as UK CPI meets expectations
The British Pound (GBP) ticks higher against the US Dollar (USD) on Wednesday, although the GBP/USD pair retreated to 1.3480 from session highs at the 1.3500 area, following the release of the UK Cons ...
i-payout expands U.S. money transmitter licensing footprint and advances European EMI strategy
Expanded regulatory infrastructure is designed to give marketplaces, gig economy platforms, gaming and esports companies, insurance providers, affiliate networks, clinical research organizations and o ...
British Pound faces selling pressure even as UK CPI rise in line with estimates
The British Pound (GBP) retreats from its day’s high of around 209.45 against the Japanese Yen (JPY) to near 209.15 after the release of the United Kingdom (UK) Consumer Price Index (CPI) report of Au ...
Trip.com (TCOM) beats Q2 earnings and revenue estimates
Trip.com (TCOM) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.01 per share a year ago. These figures are ...
EUR/USD Price Forecast: 1.1500 to remain key support level for Fed’s Day
The Euro (EUR) trades with caution at around 1.1545 against the US Dollar (USD) during the early European trading session on Wednesday. The major currency pair is expected to remain under pressure as ...
Bessent talked strong USD, CNY continues to strengthen
Asia market update: Headlines continue to be dominated by Trump/Xi speculation, bond yields and oil prices; Cautious trading again prevails ahead of key Fed and BOJ decisions; Bessent talked strong US ...
Indian Rupee clings to recent losses ahead of Fed’s policy
The Indian Rupee (INR) holds onto over-a-week long losses against the US Dollar (USD) in the opening session on Wednesday.
WTI tumbles to near $100.00 on surprise US inventory build despite supply disruption worries
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $100.00 during the early European trading hours on Wednesday. WTI falls after an unexpected build in US crude inventories.