The European session on Wednesday was mostly flat. Gold is now at $1,863.61 an ounce, up 0.7%, while gold contracts are at $1,865.7 an ounce, up 0.63%. As for the US dollar index DXY, which measures the currency’s strength against a basket of foreign currencies, it recorded 95.86, with a …
Read More »Annual CPI Rises to 4.7% in October
The annual rate of headline Consumer Price Inflation (CPI) in Canada rose to 4.7% in October, in line with median economist forecasts and up from 4.4% in September, according to data published by Statistics Canada on Wednesday. MoM, headline CPI rose at a pace of 0.7%, also in line with …
Read More »The Dollar is Near Multi-Month Highs
The dollar traded higher on Wednesday, benefiting from the strong retail sales during the previous session, while the Pound rallied after the release of sharp inflation that signaled a December rate hike from the Bank of England. The dollar index, which measures the greenback against a basket of six other …
Read More »Target Exceeding Expectations at About $3 Per Share
Target said fiscal third-quarter 2021 sales jumped 13% as shoppers head for Halloween costumes and back-to-school supplies and look for holiday gifts early. Earnings per share amounted to $3.03, adjusted against expectations of $2.83, and the company recorded revenues of $25.65 billion, compared to $24.78 billion.
Read More »European Stocks Continue Their Gains For The Sixth Day
European shares rose Wednesday, November 17th for the sixth day in a row, approaching their highest levels ever, as some positive business results helped to overcome fears of increasing inflation pressures caused by higher natural gas prices. The Stoxx600 rose 0.1%, after better-than-expected US retail trade data lifted shares on …
Read More »Gold Rises as Inflation Risks Persist
Gold prices rose on Wednesday, as concerns about inflation kept some investors wary, but the gains were limited by expectations that higher prices could prompt central banks to raise interest rates, which also lifted the dollar. And gold rose in spot transactions 0.6 percent to $ 1860.21 an ounce by …
Read More »UK Annualized CPI Beats Estimates October
The UK Consumer Prices Index (CPI) 12-month rate came in at 4.2% in October when compared to 3.1% booked in September while beating expectations of 3.9%, the UK Office for National Statistics (ONS) showed on Wednesday. The core inflation gauge (excluding volatile food and energy items) rose by 3.4% YoY …
Read More »Japanese Stocks Change Course And Close Lower
Japanese stocks reversed course to close as well on Wednesday 17th November, as concerns about rising costs and a weaker yen outweighed the positive impact of a rally in technology stocks. The Nikkei index fell 0.4% to 2,9688.33 points, while Topix fell 0.6% to 2,038.34 points. Speaking of currency splits, …
Read More »Dax continues to Score Goals
As expected, the German DAX index jumped to announce strong gains, touching the official station required during the previous analysis, at 16,240, recording its highest level at 16,260. Technically, today, we are inclined to the positivity, relying on the stability of the index’s price above the support level of 16,160, …
Read More »Dow Jones Aims to Achieve More Height
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