U.S. Existing Home Sales Unexpectedly Rebound After Five Straight Monthly Declines

After reporting five consecutive monthly declines in U.S. existing home sales, the National Association of Realtors released a report on Wednesday showing existing home sales unexpectedly rebounded in the month of

U.S. Consumer Confidence Improves Much More Than Expected In December

Consumer confidence in the U.S. has improved by much more than anticipated in the month of December, according to a report released by the Conference Board on Wednesday. The Conference Board said its consumer confidence

South African Rand Hits 5-day High Against U.S. Dollar

The South African rand climbed against the U.S. dollar in the New York session on Wednesday.

Canadian Market Modestly Higher At Noon

Energy stocks are finding support in the Canadian market on Wednesday thanks to higher crude oil prices, while stocks from the rest of the sectors are largely subdued with investors looking for directional cues.

European Stocks Close Broadly Higher On Rate Cut Hopes

European stocks closed broadly higher on Wednesday after data from the U.K. showing lower-than-expected inflation raising prospects of the Bank of England announcing a rate cut by March next year aided sentiment.

Swiss Market Ends Flat

The Switzerland stock market ended flat on Wednesday after a choppy session. After an early uptick, the market briefly slipped into negative territory, and after staying positive till mid afternoon, turned weak again.

Sensex, Nifty Gain Led By IT Stocks

Indian shares were moving higher in early trade on Wednesday after Wall Street extended its rally overnight on bets of interest rate cuts in 2024.

China Keeps Benchmark Lending Rates Unchanged

China's central bank maintained its benchmark lending rates on Wednesday after the rate on the medium-term lending facility was kept unchanged last week. The People's Bank of China kept the one-year loan prime rate, or

European Economic News Preview: UK Inflation Data Due

Consumer and producer prices from the UK and consumer sentiment survey results from Germany are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer

European Shares To Open Higher On Rate Cut Expectations

European stocks are likely to open on a positive note Wednesday after Richmond Fed President Thomas Barkin suggested the U.S. central bank would lower interest rates if recent progress on inflation continued.