Dollar Drifts Lower On Rate Cut Bets

The U.S. dollar shed ground against its major counterparts on Monday with investors growing increasingly confident about a rate cut in the coming months.

Australia Interest Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep

TSX Ends Higher For 3rd Straight Day

The Canadian market ended sharply higher on Monday, extending gains to a third straight session, thanks to firm commodity prices and rising optimism about interest rate cuts by several central banks, including the

South Korea Shares Due For Support On Tuesday

Ahead of Monday's holiday for Children's Day, the South Korea stock market had ended lower in two straight sessions, slipping more than 15 points or 0.6 percent in that span. The KOSPI now sits just above the 2,675-point

Sensex, Nifty Gain On Global Cues; Kotak Shares Rally Nearly 4%

Indian shares opened on a positive note Monday as disappointing U.S. jobs and services sector data raised hopes that the Federal Reserve could start cutting interest rates soon.

European Shares Seen Up As Weak US Data Revives Fed Easing Bets

European stocks are seen opening on a firm note Monday as weak U.S. data released on Friday fueled bets that the Federal Reserve could start cutting interest rates soon. The U.S. economic calendar for this week is

Hormel Foods Recalls Select Planters Peanuts, Mixed Nuts

Hormel Foods Sales, LLC, affiliated to food processing major Hormel Foods Corp., is recalling a limited number of two Planters nut products citing potential to be contaminated with Listeria monocytogenes, according to

European Economic News Preview: Eurozone Final PMI, Investor Confidence Due

Final composite Purchasing Managers' survey results, investor sentiment and producer prices from the euro area are the top economic news due on Monday. At 3.15 am ET, Spain's services PMI survey results are due.

Eutelsat Mulls Options For Ground Network

French satellite operator Eutelsat Group confirmed Monday, following recent press speculation, that it is analysing options for its ground network. The company may partner with external infrastructure investors, but the

Yen Reverses Against Majors

The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day.