Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened sharply lower on Thursday as investors digest the latest reports on the Iran war and monitor a raft of corporate earnings and central bank decisions. The pan-European Stoxx 600 was trading 0.4% lower by 8:40 a.m. in London (3:40 a.m. E.T.). Regional bourses…
The Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. In what could be Jerome Powell’s last as chair before President Donald Trump’s yet-to-be-confirmed nominee Kevin Warsh takes the helm, central bankers maintained the federal funds rate in a target range of 3.5% to 3.75%. Inflation has surged since the war with Iran…
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell‘s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold…
Mounted police officers sit in outside the Royal Exchange and the Bank of England in London on June 17, 2020. TOLGA AKMEN | AFP via Getty Images Europe’s central banks are in focus this week as the European Central Bank and Bank of England release their latest monetary policy decisions against a backdrop of rising…
SYDNEY, AUSTRALIA – DECEMBER 06: Pedestrians and shoppers move along George Street on December 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Australia’s inflation rate soared to 4.09% in the first quarter, marking its highest level in more than two years. The first-quarter inflation figure was lower than the…
Efforts by Fed chair nominee Kevin Warsh to satisfy President Donald Trump‘s demands for lower interest rates look likely to be stymied by high oil prices and inflation, according to respondents to the latest CNBC Fed Survey. Respondents on average are not fully pricing a single rate cut this year. Just 58% of the 26…
LONDON — European stocks are expected to open higher on Tuesday as investors await Washington’s response to Iranian peace proposals and look ahead to earnings reports from several regional companies. The U.K.’s FTSE 100 index is seen opening a touch higher, with Germany’s DAX up 0.23%, France’s CAC 40 up 0.34% and Italy’s FTSE MIB 0.3%…
The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. Javier Ghersi | Moment | Getty Images Japan’s central bank kept its policy rate steady at 0.75% on Tuesday, while revising its inflation estimates upwards as the Iran war raises…
Pakistan’s Army Chief and Field Marshal Syed Asim Munir (3rd R) meets with Iran’s Foreign Minister Abbas Araghchi (3rd L) upon his arrival in Islamabad on April 25, 2026. – | Afp | Getty Images LONDON — European stocks are expected to start the new week on a broadly positive footing as investors keep a…
A shopper carries a Hollister bag at a shopping mall in Dayton, Ohio, Oct. 21, 2025. Kyle Grillot | Bloomberg | Getty Images The Federal Reserve is on the cusp of a “regime change” after the Department of Justice dropped its criminal investigation into Fed Chair Jerome Powell, eliminating a potential obstacle to confirming President Donald Trump’s nominee, Kevin Warsh,…
