The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most close...
UBS and Morgan Stanley have turned positive on Chinese equities, citing earnings recovery, AI momentum and China's low sensitivity to oil price swings, as the S...
The RICS UK house price balance fell to -34 in April from -25 in March, the weakest reading since November 2023, as Iran war fallout and rising mortgage rate ex...
Cisco is cutting circa 4,000 jobs in a restructuring costing up to $1 billion, freeing resources for AI, silicon and security investment after AI orders from hy...
Morgan Stanley raised its S&P 500 year-end target to 8,000 from 7,800, citing strong earnings growth driven by AI adoption, while warning that rate hikes re...
OPEC has cut its 2026 global oil demand growth forecast to 1.17 million bpd from 1.38 million bpd, citing the Iran war, while OPEC+ output fell 1.74 million bpd...
The UAE has denied Israel PM Netanyahu visited the country for a secret meeting with its president during the Iran war, contradicting a claim by Netanyahu's off...
Secretary of State Marco Rubio is pressing China to use its leverage against Iran over Tehran's actions in the Persian Gulf.In a Fox interview Rubio said he hop...
Boston Fed President Susan Collins raised the possibility of rate hikes if inflation broadens, citing rising inflation expectations and tariff pass-through as k...
The S&P and NASDAQ indices close at record levels. The Dow industrial average lagsECBs Lane:Monetary policy decisions will continue to be made on a meeting-...
Euro area Q1 GDP confirmed at 0.1%Q/Q, the joint-weakest in nine quarters, as industrial output posted its steepest quarterly fall in two years and employment g...
The sharply higher than expected PPI inflation data today, did not deter buyers in the broader S&P and NASDAQ indices. Nor did they rise in yields with the ...