U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut — 2nd Update
"We can finally see the light at the end of the tunnel in the fight against inflation," said Joe Nellis, economic adviser at business-services firm MHA. "This significant milestone comes a day after ...
Chip Stock Selloff Persists After ASML Warns of Slower Recovery
The announcement, which came a day earlier than ASML's scheduled release because of a technical error, sparked a global selloff in chip stocks, from Nvidia to Intel and Taiwan Semiconductor ...
Investors develop an allergy to GRANOLAS after ASML, LVMH downturns
Goldman Sachs first debuted the GRANOLAS acronym - standing for GSK (GSK), Roche, ASML (ASML), Nestle, Novartis (NVS), Novo Nordisk (NVO), L'Oreal, LVMH, AstraZeneca (AZN), SAP (SAP) and Sanofi (SNY) ...
British pound and bond yields dive as U.K. inflation hits lowest in more than three years
The British pound plunged below $1.30 and government bond yields dived after a report showing U.K. inflation dropped sharply to its lowest level in more than three years prompted traders to increase ...
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U.S. Futures, European Stocks Mostly Down as Chip Selloff Weighs on Mood
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the ...
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.
Indonesia's Central Bank Hits Pause on Rate Cuts
Bank Indonesia has hit the pause button a month after kicking off its easing cycle, breaking with its tendency for back-to-back cuts as it shifts focus back to stabilizing the rupiah.
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News Highlights: Top Global Markets News of the Day - Wednesday at 3 AM ET
A selloff in chip stocks dragged major indexes lower after Dutch chip-equipment manufacturer ASML noted growing caution among its customers and said sales this year could come at the lower end of ...
Philippines Central Bank Cuts Policy Rate
The Philippine central bank cuts its policy rate for the second time this year as it looks to bolster its economy amid mounting uncertainty abroad. Bangko Sentral ng Pilipinas Gov. Eli Remolona said ...
Bank of Thailand Kicks Off Easing Cycle to Help Lift Economy
Thailand's central bank has joined the ranks of monetary authorities who are easing monetary policy, surprising markets with a rate cut to help boost its economy. The Bank of Thailand said Wednesday ...
GSK's UTI Treatment Gets Accepted for Priority Review by U.S.'s FDA
GSK said that its urinary tract infections treatment gepotidacin has been accepted for priority review by the U.S.'s Food and Drug Administration.