Tag: euro
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Stocks fall, but tech shares steady after selloff; oil hits highest in nearly six months
NEW YORK/LONDON, Oct 23 : Major stock indexes ended lower on Friday even as tech shares mostly steadied, while Brent crude oil rose to its highest level in nearly six months after Houthi attacks in Saudi Arabia.The Nasdaq eased. European shares also ended lower.An index of semiconductors rose 0.4 per c
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Stocks mixed, day after AI-related selloff; oil prices rise again
NEW YORK/LONDON, Oct 23 : Stock indexes were mixed on Friday, with tech shares edging higher after the previous day’s selloff, while Brent crude oil rose to its highest in more than five months after Houthi attacks in Saudi Arabia.The Nasdaq was up 0.2 per cent after starting the day lower, while the Dow was
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Euro set for weekly drop against dollar, yen as France concerns resurface
Oct 23 : The euro headed for a weekly loss against the dollar and the yen as a fresh sell-off in France’s government bonds led the country’s debt risk premium to levels not seen since the euro area sovereign crisis in 2011 on Thursday. The greenback also came under pressure during the week as a…
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Euro set for weekly drop, yen eyes biggest gain since early September
Oct 23 : The euro headed for a moderate weekly loss as France’s sovereign risk premium resumed its climb, while the yen was on track for its biggest rise since early September after attracting safe-haven demand amid a sell-off in AI-related stocks.A recent tech-led market sell-off showed the dollar no longer
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Dollar dips on AI worries, euro edges up despite French unrest
NEW YORK, Oct 20 : The US dollar slipped on Tuesday as doubts over the AI trade resurfaced, while the euro edged up despite traders’ lingering worries about unrest in France.Shares in South Korean AI services firm Elice Group plunged 32 per cent in their Seoul market debut, a sign that negative sentiment towa
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Euro steadies as French protests ease; pound and yen firm
LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped, snapping a two-day decline, after an auction of longer-dated Japanese bonds
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Dollar slips with oil prices, geopolitical risks seen easing before midterms
Oct 13 : The dollar slipped from 18-month highs on Tuesday in line with a retreat in oil prices with investors hoping the Middle East conflict would remain contained ahead of US midterm elections and shifting focus to the Federal Reserve’s rate path.Markets expect US President Donald Trump to avoid escalation
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Dollar slips, geopolitical escalation risks seen limited before midterms
Oct 13 : The dollar slipped from 18-month highs on Tuesday in line with a retreat in oil prices as investors shifted focus to the Federal Reserve’s rate path, betting Middle East tensions would remain contained ahead of US midterm elections.The prevailing market view is that US President Donald Trump will see
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Euro falls, set for fifth straight weekly drop as oil prices rise
NEW YORK, Oct 9 : The euro was poised for a fifth straight weekly drop on Friday, with early gains fading as oil prices erased earlier declines, but recent selling pressure was muted as France’s beleaguered bond market steadied. The euro zone’s currency hit a 17-month low of $1.1161 on Monday as investors wor
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Euro falls as oil moves off lows, set for fifth straight weekly drop
NEW YORK, Oct 9 : The euro was headed for a fifth straight weekly drop on Friday, with early gains fading as oil prices recovered from earlier lows, but recent selling pressure eased as France’s beleaguered bond market steadied. The euro zone’s currency hit a 17-month low of $1.1161 on Monday as investors w
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