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Business

HSBC stock rises nearly 4% as it reveals billion-euro share buyback

HSBC reported strong third-quarter earnings, driven by robust performance in wealth and personal banking, as well as investment banking, alongside the announcement of an additional $3bn (€2.8bn) share buyback plan.

Markets

European markets higher after Wall Street climbs on Big Tech gain

European markets open in the green as Asian shares mostly rise after Wall Street climbs on Big Tech gains.

Markets

Eurozone inflation data and tech company earnings in focus this week

This week is lined up with critical economic events and company earnings, which are expected to drive market sentiment. Eurozone inflation data will be the focal point for the region.

Markets

FTSE Russell to include South Korean and Indian government bonds

South Korean and Indian government bonds are set to join global index provider FTSE Russell in 2025, in a move that is expected to attract billions of dollars of foreign investment into their local bond markets.

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Markets

World shares slip as investors focus on Middle East escalation

World shares slipped on Thursday as investors continued to monitor an escalation of tensions in the Middle East.

Markets

Gold nears record highs ahead of crucial central bank rate decision

Gold continues to hover near all-time highs, driven by a weakened US dollar, uncertain global economic outlooks, and escalating geopolitical tensions. The rally shows no signs of slowing, as upcoming central bank decisions may further boost demand.

Markets

Markets weekly look ahead: ECB rate decision in the spotlight

This week, the European Central Bank (ECB) is poised to decide on interest rates, a key event for both European stock markets and the euro. On a global scale, the release of the US monthly Consumer Price Index (CPI) is also of great importance, as it will significantly influence the broad sentiment.

Markets

Weekly recap: European markets retreat following weak US data

Major benchmark indices across Europe, the US and Asia are largely on track for a negative weekly close, driven by prevailing risk-aversion sentiment following weak economic data from both the US and China.

Business

European stocks fall as PMIs revised lower, ASML hit by UBS downgrade

European stocks fell on Wednesday after a semiconductor-driven sell-off on Wall Street. Weaker-than-expected economic data, including downgrades to Eurozone PMIs, further weighed on sentiment.

Markets

Week ahead in the markets: Eurozone to confirm the second quarter GDP

Global markets will focus on key economic data from the major economies, including the Eurozone’s final GDP for the second quarter, Switzerland’s inflation and economic growth, and the US jobs data, which are set to shape financial markets’ future trends.

Economy

EU inflation data in focus as ECB considers next interest rate move

The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings results will also be in the spotlight as investors seek to gauge the trajectory of the AI industry.

Markets

Trading mixed as Bank of Japan governor warns markets are unstable

Trading in Asian markets were mixed and muted on Friday morning ahead of a key Fed Chair speech - and as the Bank of Japan governor warned global markets are unstable.

Markets

Stock markets rally on expectations of rate cuts by central banks

Global stock markets rallied on growing expectations of rate cuts by central banks. However, the momentum eased as investors grew cautious ahead of the Jackson Hole Symposium, which gets underway in the US today.

Markets

Markets eye ECB decision as Fed minutes reinforce rate cut bets

The minutes from the Federal Reserve's July meeting indicate that the bank is likely to begin cutting interest rates in September. Markets will closely watch the ECB's decision next month as the euro reaches a one-year high against the US dollar.

Markets

Markets look ahead: Jackson Hole Symposium takes centre stage

This week, central bankers will convene in the US state of Wyoming to discuss economic outlooks and monetary policies. Key economic data is expected to drive further volatility in the financial markets.

Markets

Markets recap: Risk-on sentiment returns amid optimism over rate cuts

Major stock markets are set to end the week on a positive note as the rebound continued amid optimism over rate cuts. Technology shares, in particular, experienced a broad rally driven by dip-buying.

Markets

Currency war ahead? Euro gains as US CPI boosts Fed rate cut outlook

Favourable market conditions in the eurozone and the UK and lower US inflation could prompt the US Federal Reserve to consider rate cuts. As the euro and pound strengthen, the Fed might feel pressured to adjust rates to maintain the competitiveness of the dollar.

Markets

Markets look ahead: Crucial data may hold key to what happens next

Market sentiment may remain fragile following the recent rout, as investors turn their attention to key indicators from major economies this week. In particular, US inflation data will be crucial in shaping global market trends.

Markets

What are carry trades and how do they contribute to market mayhem?

The mayhem that swept across world markets this week was partly caused by a market strategy known as the "carry trade".

Business

Profits decline at Saudi oil giant Aramco as refining margins weaken

Saudi oil giant Aramco reported half-year profits on Tuesday of $56.3 billion (around €51.2bn), down from the year before due to weakening volumes sold amid worries about the global economy.