Canadian dollar Gains Ground, U.S GDP Next
The Canadian dollar has posted losses in the Thursday session. Currently, USD/CAD is trading at 1.3289, down 0.40% on the day. On the release front, there are no Canadian events. In the U.S, Final GDP is forecast at 2.2%, identical...
DAX Slips As EU Summit, Trade Tensions Weigh On Investors
The DAX index has resumed its losing ways in the Thursday session, after the index posted gains on Wednesday. Currently, the DAX is at 12,259, down 0.73% on the day. In economic news, GfK Consumer Climate remained pegged at 10.7,...
Bahrain’s allies offer aid, but it’s likely to come with strings attached
Bahrain’s neighbors and allies said they are discussing a program to support the kingdom’s public finances, but one analyst told CNBC that the support is likely to come at a political price. Saudi Arabia, Kuwait and the United Arab Emirates...
RBNZ More Dovish in June Meeting
RBNZ left the OCR unchanged at 1.75%. While the central bank reiterated its “neutral” monetary policy stance, the accompanying statement revealed that policymakers have turned slightly more dovish than previous months. The members were concerned about global trade tensions and...
Dollar Stays Strong after Roller Coaster Ride in Stocks
It was a roller coaster ride in US stocks overnight. The markets cheered Trump’s backing down on the hard-line position on curbing Chinese investments in US companies. But White House economic advisor Larry Kudlow spoiled the party said the plan...
Citi’s plan for its fastest-growing region: Fewer branches, more online
Citibank is closing down branches in its fastest-growing region — but the American banking group said that’ll actually help it do better than ever. The lender’s consumer business in Asia, its largest outside North America, registered its seventh consecutive quarter...
After-hours buzz: PIR, BBBY & more
Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw same-store sales drop 8.2 percent, compared...
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