Forex Market News

Forex Market News

United Arab Emirates stocks higher at close of trade; DFM General up 0.28%

Investing.com - Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Real Estate&Construction, Insurance and Transport sectors led shares higher. At the close in Dubai, the DFM General added 0.28%, while the ADX General index gained 0.83%. The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 10.83% or 0.091 points to trade at 0.931 at the close. Meanwhile, National General Insurance Co PSC (DU:NGIN) added 10.14% or 0.21 points to end at 2.28 and Islamic Arab Insurance Company (DU:SALAMA) was up 3.33% ...

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Wall St. points to higher open as investors await earnings

Investing.com - Investing.com - U.S. stock markets pointed to a higher open on Wednesday morning, with a handful of earnings reports likely to be the main points of reference for the session. The blue-chip Dow futures tacked on 22 points by 6:45AM ET (10:45GMT), the S&P 500 futures added 6 points, while the tech-heavy Nasdaq 100 futures rose 16 points. U.S. stocks ended lower for the fourth time in five sessions on Tuesday, weighed down by a sharp drop in Goldman Sachs (NYSE:GS) following disappointing quarterly results. With no major economic reports slated for release on Wednesday, investors were likely to focus on ...

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U.S. stock index futures higher ahead of earnings flow

Investing.com - Investing.com - U.S. stock index futures were higher Wednesday as more companies report earnings.The Dow futures was up 0.18% at 06:15 ET. The DJI closed off 0.55% overnight.The S&P 500 futures gained 0.29%. The tech-heavy Nasdaq 100 futures added 0.32%.The dollar index steadied below 100 after hitting three-week lows on disappointing U.S. data.The odds of a Fed rate hike in June have fallen back below 50%.U.S. Treasury yields rose, with the 10-year moving back above 2.2% after hitting November lows.Oil edged higher ahead of EIA inventories.(NYSE:Morgan Stanley) and (NYSE:Abbott Laboratories) due to report before market opens.(NYSE:American Express), (NASDAQ:Qualcomm) ...

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Output cut accord participants committed to restoring market stability: OPEC

Investing.com - Investing.com - Major producers adhering to an output cut accord are committed to restoring market stability, OPEC said.Secretary-General Mohammad Barkindo said Wednesday accord participants want to cut inventories to five-year average.OPEC and non-OPEC producers have agreed to cut output by 1.8 mn bpd in the first half.Barkindo said compliance data in March show stricter adherence to the agreed cuts than in February.OPEC will review the policy of reining in output for the second half of this year at a May 25 meeting.Barkindo did not say if the agreement will be extended for another six months.

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Euro zone core CPI 0.7% vs. 0.7% forecast

Investing.com - Core consumer price inflation in the euro zone remained unchanged last month, official data showed on Wednesday.In a report, Eurostat said that Euro zone core CPI remained unchanged at a seasonally adjusted annual rate of 0.7%, from 0.7% in the preceding month.Analysts had expected Euro zone core CPI to remain unchanged at 0.7% last month.

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