Technology stocks weighed on European shares at the open, as shares of Apple suppliers fell on downbeat expectations for the holiday period from the iPhone maker, while investors remained concerned about the prospects for monetary policy. Shares of semiconductor companies S.T.Micron Electronics, Infineon Technologies, and ASML fell between 0.3% and …
Read More »Eurozone Preliminary CPI Accelerates October
The annualized Eurozone Consumer Price Index (CPI) rose by 4.1% in October, exceeding expectations of 3.7% while sharply higher from the previous reading of 3.4%, data published by Eurostat showed on Friday. The core figures arrived at 2.1% YoY in October when compared to 1.9% expectations and 1.9% booked last.
Read More »Eurozone Preliminary GDP Grows in Q3
The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations.
Read More »Market Drivers – Asian Session 29-10-2021
Markets witnessed a quiet Asian session today. The Nikkei index rose 0.25 percent to close at 28,892.69 points, after falling about 1.2 percent earlier in the session. The index increased during the week by 0.3 percent. The broader Topix index also increased and closed up 0.08 percent at 2001.18 points. …
Read More »Japan Shares Rise Slightly Amid Optimistic Expectations For Corporate Results
Japanese shares rose slightly on Friday as optimism about the performance of domestic companies outweighed investor caution ahead of the country’s general elections. The Nikkei index rose 0.25 percent to close at 28,892.69 points, after falling about 1.2 percent earlier in the session. The index increased during the week by …
Read More »Market Drivers – U. S. Session – 28-10-2021
Corporate earnings released Thursday impacted the financial markets which closed the U. S. session’s transactions with significant shift of the assets. Traders are eying the fluctuations caused by U. S. inflation reports and economic data, statements by the European Central Bank Christine Lagarde as well as developments in the negotiations …
Read More »BoE issues warning on financing linked to climate risk
The Bank of England has told banks and insurance companies that it will impose its powers to crack down on them if they default to manage climate risks.The central bank begins to review a potential introduction of capital requirements linked to unsustainable assets.The Bank said on Thursday it would take …
Read More »RBNZ Governor comments on rates, inflation
“Monetary policy has largely run its easing course globally,” said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr during early Friday morning in Asia. “We are now entering a different environment for rates, inflation”, added Orr. NZD/USD remains on the front-foot, backed by the broad US dollar weakness, despite …
Read More »Broader USD weakness push NZD/USD near 0.7200
The NZD/USD pair has advanced as the New York session end. It has leaped up 0.43%, trading at 0.7198. Market sentiment is positive, portrayed by U. S. equity indices finishing in the green zone, with gains between 0.68% and 1.15%. The US Dollar Index, which tracks the USD’s performance against …
Read More »Amazon shares retreat, badly misses revenues
Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for Q3 and delivered disappointing guidance for the critical holiday period.Earnings amount to $6.12 versus $8.92 per share estimates. Revenue is $110.81 billion vs $111.6 billion estimates.Amazon is facing decelerating sales growth as …
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