Latest Currency markets News

World shares mixed as China reports economic slowdown

Jul. 15, 2019 7:41 AM EDT

BANGKOK (AP) — Global shares were mixed Monday after China reported that its economy grew at the slowest pace in at least 26 years in the last quarter, leading investors to opt for caution despite Friday's record highs on Wall Street. Tariff hikes by President Donald Trump have battered Chinese and U.S....

Asian shares mixed as China reports economy slowed in 2Q

Jul. 15, 2019 3:18 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June suggests the...

Stocks climb to records on hopes for lower interest rates

Jul. 12, 2019 4:30 PM EDT

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...

World shares mostly higher after Wall St sets new records

Jul. 12, 2019 6:58 AM EDT

BANGKOK (AP) — World shares were mostly higher on Friday after Wall Street ended overnight with the Dow Jones Industrial Average closing above 27,000 for the first time. Germany's DAX edged 5.68 points higher to 12,337.80 while the CAC 40 in France surged 0.6% to 5,585.27. Britain's FTSE climbed 0.3% to...

Asian shares mostly higher after Wall St sets new records

Jul. 12, 2019 12:19 AM EDT

BANGKOK (AP) — Shares in Asia are mostly higher after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time. Japan's Nikkei 225 index edged 0.1% higher to 21,674.14 and the Hang Seng in Hong Kong added 0.5% to 28,575.96. The Shanghai Composite...

Branson: Pound could be just a dollar in 'no-deal' Brexit

Jul. 11, 2019 10:35 AM EDT

LONDON (AP) — Virgin Group founder Richard Branson has warned that the pound's value would fall to that of the dollar if Britain leaves the European Union without a deal — a stark prediction that will fuel worries about the economic pressures facing the country. Traders see the possibility of a...

World shares mostly rise after Fed signals US rate cut

Jul. 11, 2019 7:40 AM EDT

BANGKOK (AP) — Global shares mostly rose Thursday after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade. The Fed chairman told Congress in his semi-annual report that many in the U.S. central bank believe a weakening...

Asian shares advance after Fed signals US rate cut likely

Jul. 10, 2019 11:44 PM EDT

BANGKOK (AP) — Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade. Hong Kong's Hang Seng jumped 1.2% to 28,542.82 while the Shanghai Composite index added 0.5%...

The Latest: Markets end up after Powell hints at rate cut

Jul. 10, 2019 7:23 PM EDT

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 7:20 p.m. Testimony by Chairman Jerome Powell to a House Committee about the economic outlook led investors to send stock prices up, bond yields down...

Markets Right Now: Stocks rise on prospects for a rate cut

Jul. 10, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks rose and bond yields fell as investors welcomed new signals that the Federal Reserve is ready to cut interest rates for the first time in a decade. Technology companies led the way higher Wednesday, helping the...