The euro gave up some of its gains on Thursday as investors closely watched any developments in talks between Russia and Ukraine, while monetary policy decisions by the US central bank failed to impact the market as expectations of a rate hike were high. The euro rose 0.05 percent to …
Read More »Gold Shines as Dollar Declines And Bond Yields Rise
Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …
Read More »Euro Area Annual HICP Rises to 5.9% in February
Annual inflation in the euro area, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 5.9% in February, Eurostat announced on Thursday. This print came in higher than the flash estimate and the market expectation of 5.8%. the Core HICP, which excludes volatile food and energy prices, …
Read More »European shares rise after US interest rate hike
European shares rose on Thursday, tracking Wall Street gains overnight after a widely expected hike in US interest rates, while optimism about Russia-Ukraine peace talks boosted sentiment. The pan-European Stoxx 600 index rose 0.5% by 0900 GMT and is on track to recover all of its losses in March. Wall …
Read More »BoE Preview: Forecasts From Three Major Banks
The Bank of England (BoE) will announce its decision on Thursday, March 17 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 3 major banks. Wells Fargo “We expect the BoE to raise its policy rate …
Read More »Oil jumps 3% after the International Energy Agency warns of a lack of supply
Oil prices rose about 3 percent on Thursday after the International Energy Agency said markets could lose 3 million barrels per day of crude and refined products from Russia starting in April. The agency stated that the lost supplies would be much larger than the expected drop in demand of …
Read More »4 dead after 7.4-Magnitude Earthquake Hits Coast Off Japan’s Fukushima Prefecture
Tens of thousands of Japanese families were still without electricity Thursday morning, ten hours after a powerful 7.3-magnitude earthquake killed at least four people and injured more than 100, as well as halting transportation to the northeast. Wednesday’s earthquake, off the coast of Fukushima, led to the indefinite suspension of …
Read More »Nikkei Closes at More Than Two-Week High After US Interest Rate Hike
The Nikkei index closed at its highest level in more than two weeks on Thursday, following a strong rally on Wall Street on Wednesday night, after the Federal Reserve (the US central bank) raised interest rates as expected, while boosting hopes of a breakthrough in the Russian conflict. Ukrainian morale. …
Read More »Gold Stabilizes After The US Federal Reserve Rate Hike
Gold prices stabilized on Wednesday as the dollar weakened after the US Federal Reserve raised interest rates by a quarter of a percentage point in a widely expected move. And the price of gold in spot transactions rose 0.1 percent to $ 1920.45 an ounce (an ounce) at 1920 GMT, …
Read More »Market Drivers – European Session 16-3-2022
Canadian inflation hit 5.7% YoY in February, according to Statistics Canada’s latest headline Consumer Price Index (CPI) release on Wednesday. That was above the expected rise to 5.5% from 5.1% in January. The MoM increase in the headline CPI in February was 1.0%, a little above the 0.9% expected and …
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