Pound Falls As BoE Keeps Rates Unchanged

The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England maintained its key policy rate for the sixth consecutive meeting.

Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter.

Bank Of England Moves Closer To Rate Cut

The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at

Continued Consolidation Likely For Hong Kong Shares

The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 260 points or 1.4 percent in that span. The Hang Seng Index now sits just above the 18,310-point plateau and it's looking at

Australian Market Notably Lower

The Australian market is notably lower on Thursday, snapping a five-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with

Lower Open Anticipated For Thai Stock Market

The Thai stock market on Wednesday ended the two-day winning streak in which it had climbed more than a dozen points or 1 percent. The Stock Exchange of Thailand now sits just beneath the 1,375-point plateau and it's

Sensex, Nifty Set To Follow Asian Peers Lower Ahead Of China Trade Data

Indian shares may open on a lackluster note Thursday and volatility is not ruled out amid selling by foreign investors and ahead of Nifty weekly expiry.

Japanese Market Modestly Higher

Recouping some of the losses in the previous session, the Japanese stock market is modestly higher on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with

Australia Building Permits Climb 1.9% In March

The total number of building permits issued in Australia was up a seasonally adjusted 1.9 percent on month in March, the Australian Bureau of Statistics said on Thursday - coming in at 12,947.

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious and have been reluctant to make more significant moves amid lingering uncertainty over