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EUR/USD

China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

by Walter Watson
China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters DALIAN, China …

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Stoxx 600, central bank decisions, UK retail sales

by Ron Morgan
Stoxx 600, central bank decisions, UK retail sales

LONDON — European stocks were lower Friday morning as investors monitored a slew of central bank decisions and data releases. The pan-European Stoxx 600 index had extended losses to 0.85% …

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France’s Macron calls election his far-right rival Le Pen could win

by Vera Ward
France’s Macron calls election his far-right rival Le Pen could win

French President Emmanuel Macron. Chesnot | Getty Images News | Getty Images French President Emmanuel Macron’s decision to call a snap national election after a surge for his far-right rivals …

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European Central Bank rate cut would be a mistake, economist says

by Ron Morgan
European Central Bank rate cut would be a mistake, economist says

The President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am …

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Eli Lilly, 3M, PayPal, Tesla and more

by Walter Watson
Eli Lilly, 3M, PayPal, Tesla and more

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …

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UK economic growth, February 2024

by Walter Watson
UK economic growth, February 2024

Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England.  Dan Kitwood | Getty Images LONDON — U.K. gross domestic product rose 0.1% in …

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US inflation data, stocks, earnings

by Walter Watson
US inflation data, stocks, earnings

Stocks on the move: Tesco gains 5%, Ocado dips 2.5% Shares of Tesco rose 5% in afternoon deals as investors digested strong full-year earnings from the U.K. supermarket chain. Meantime, British …

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Vanguard doesn’t believe the Fed will cut interest rates this year

by Walter Watson
Vanguard doesn’t believe the Fed will cut interest rates this year

Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times …

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UK economic growth, January 2024

by Ron Morgan
UK economic growth, January 2024

LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped more than expected. The headline figure was in line …

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U.S. dollar heads for first negative year since 2020. Here’s where foreign currencies stand

by Walter Watson
U.S. dollar heads for first negative year since 2020. Here’s where foreign currencies stand

Hopes for a stronger economy, lower inflation and a more accommodative Federal Reserve are converging to push the U.S. dollar down to multimonth lows. The greenback on Wednesday fell 0.5%, …

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