Asian stocks rebounded on Thursday amid hopes of U.S. tariff negotiations, while focus was squarely on Bank of Korea’s interest rate decision, Japanese trade data and Australia’s jobs report. In corporate news, investors awaited Taiwan Semiconductor Manufacturing Co...
Fitch Ratings has sharply downgraded its global growth forecast for 2025 amid mounting trade tensions. The agency cut its world growth estimate by 0.4 percentage points, trimming U.S. and China projections by 0.5 points from March forecasts. U.S. annual growth is no...
European companies are being priced for stagnation in their full-year earnings, but there could still be “significant downside” should U.S. President Donald Trump’s sweeping tariff policies spark a recession in the region, according to analysts at Barcla...
Alphabet Inc’s (NASDAQ:GOOGL) Google is facing a class action lawsuit in the U.K., where it’s being sued for potential damages exceeding £5 billion ($6.6 billion). The claim alleges that the U.S. tech giant has been abusing its near-total dominance in the online sea...
Citi analysts upgraded Delivery Hero AG (ETR:DHER) to Neutral from Sell and updated its estimates to reflect the mixed trends in the food delivery sector and the negative impact of updated foreign exchange (FX) rates. The upgrade follows a 28% drop in Delivery Hero’...
The Canadian Dollar (CAD) has experienced a significant decline in its FX macro fundamental scorecard over the past nine weeks. This drop, which is the largest seen alongside the Norwegian Krone (NOK), has been driven by a sharp fall in Canada’s terms of trade and e...
The British pound experienced a slight decrease on Thursday following the release of data that showed a slowdown in British inflation in March. Despite this, the sterling remained higher against the dollar for the day due to gains made earlier. The rate of British i...
U.K. inflation cooled by more than expected in March, providing some room for the Bank of England to cut interest rates once more next month. Annual consumer price inflation rose 2.6% in March, below the 2.8% seen the prior month, but still above the U.K. central ba...
European equity indices retreated Wednesday as the trade war between China and the U.S. intensified, raising concerns over the strength of the global economy. At 03:05 ET (07:05 GMT), the DAX index in Germany dropped 0.5%, the CAC 40 in France slipped 0.7% and the ...
UBS has revised its GDP growth forecasts for the U.K. for 2025 and 2026, citing stronger-than-expected economic growth in the first quarter of 2025 and anticipated smaller-than-expected negative indirect effects. The Swiss multinational investment bank on Monday ra...
