The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus. While the headline jobs figures for June beat expectations, unemployment rates rose …
Read More »Turkish Inflation Reaches a Two-Year Peak With a Sudden Jump to 17.5%
Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying an interest rate cut this year. The monthly consumer price reading was also higher than expected, up 1.94%, according to the Turkish Statistical …
Read More »Cryptocurrency Plummets After Digital Dollar Headlines
Bitcoin, the largest digital currency, fell at these moments of trading on Monday, and during 24 hours, by about 3.7%, to $34.2. While the second-largest digital currency, Ethereum, ETH/USD, fell by about 2.7% to levels of $2.27 thousand, while its market value is about $264.8 billion. DOGE/USD is down about …
Read More »Sentix: Investor Confidence Improves Thanks to Services Sector
A survey showed that investor confidence in the eurozone increased for the fifth consecutive month in July, to its highest level since February 2018, thanks to the reopening of restaurants and retail stores, as well as tourism, with the decline in Covid-19 infections. The Sentix index for the eurozone rose …
Read More »Turkey: CBRT Leaves Policy Rate Unchanged at 19%
Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying any interest rate cut this year.The monthly consumer price reading was also higher than expected, up 1.94 percent, according to the Turkish Statistical …
Read More »Virus Fears Keep European Shares Below Record Levels
European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …
Read More »French Health Minister Warns of a Fourth Wave of The Coronavirus
French Health Minister Olivier Veran urged Sunday, July 4, as many French people as possible to get the Corona vaccine, warning that France may be heading towards a fourth wave of the epidemic by the end of this month due to the highly contagious delta strain. “For five days the …
Read More »Canada: Markit Manufacturing PMI Decline to 56.5 in June
The business activity in Canada’s manufacturing sector continued to expand in June, albeit at a softer pace than it did in June, with the Markit Manufacturing PMI edging lower to 56.5 from 57 in May.
Read More »Canada: International Trade Deficit of C$1.4B in May
Canada’s international merchandise trade deficit came in at C$1.4 billion in May as data published by Statistics Canada showed on Friday, worse than market expectations of C$0.37 billion. “In May, Canada’s merchandise imports increased 2.1%, while exports fell 1.6%,” the publication read. “In May, the average value of the Canadian …
Read More »BofA: Liquidity Continues to Flow Into Stocks And Bonds
The latest statistics from Bank of America fund flows showed that investors continued to pour more liquidity into bonds and stocks, as Wall Street hit a new record high and US government bond yields remained below 1.5%. The US investment bank said, based on data from IBFR, that fixed income …
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