Market News

Market News

European stocks mixed, all eyes on Trump; DAX down 0.08%

Investing.com - Investing.com - European stocks were mixed on Friday, as markets were jittery ahead of Donald Trump’s inauguration ceremony scheduled later in the day and as investors were still digesting dovish comments by European Central Bank President Mario Draghi. During European morning trade, the EURO STOXX 50 rose 0.24%, France’s CAC 40 added 0.11%, while Germany’s DAX 30 edged down 0.08%. Investors remained cautious ahead of Donald Trump’s inauguration ceremony on Friday, amid sustained uncertainty over the new U.S. administration’s fiscal and economic policies. On Thursday, ECB President Mario Draghi acknowledged that the growth outlook for the euro area has improved, but ...

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Dollar weakens after Yellen remarks

Investing.com - Investing.com - The dollar weakened Friday after the latest comments by Fed Chair Janet Yellen on monetary policy.The dollar index was off 0.21% at 100.89 at 02:30 ET after a low of 100.83.Yellen denied the Fed was behind the curve in raising U.S. interest rates.She said gradual hikes in rates were in order to prevent the economy from becoming too "hot."The greenback fell 0.20% to 114.63 yen as Chinese Q4 annual GDP growth slightly beat forecasts at 6.8%.The euro recouped losses Thursday after the ECB left its monetary policy on hold.The single currency was up 0.18% at $1.0684.The ...

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German Producer Price Inflation 0.4% vs. 0.4% forecast

Investing.com - Germany’s producer price index rose last month, official data showed on Friday.In a report, Destatis said that German Producer Price Inflation rose to a seasonally adjusted annual rate of 0.4%, from 0.3% in the preceding month.Analysts had expected German Producer Price Inflation to rise 0.4% last month.

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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.14%

Investing.com - Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Paper&Pulp, Optoelectronic and Plastic sectors led shares higher. At the close in Taiwan, the Taiwan Weighted added 0.14%. The best performers of the session on the Taiwan Weighted were Huaeng Wire&Ca (TW:1608), which rose 10.00% or 0.83 points to trade at 9.13 at the close. Meanwhile, Pao Lung (TW:1906) added 9.98% or 2.30 points to end at 25.35 and Federal Corp (TW:2102) was up 9.92% or 1.30 points to 14.40 in late trade. The worst performers of the session were ...

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Forex – Aussie rebounds after China GDP as Asia awaits Trump speech

Investing.com - Investing.com - The Aussie rebounded and the dollar gave up early gains against the yen after a China data suite led by GDP raised regional sentiment in otherwise cautious trade as investors await the inaugural address of Donald Trump as president of the United States. AUD/USD traded at 0.7583, up 0.29% with China the top trade destination for key commodities from Australia, while USD/JPY changed hands at 114.56, down 0.26%. China's gross domestic product (GDP) grew 6.8% year-on-year in the fourth quarter, slightly beating expectations by analysts of 6.7% growth for the calendar year, but in line with estimates from ...

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