Market Update

European stocks closed Thursday on modest gains, after data showed a rise in industrial producers’ prices as well as unemployment rate in the continent. The continental index, STOXX Europe 600, finished higher by 0.15%, or 0.54%, at 361.63 points. The UK’s FTSE100 increased by 0.23%, while the French CAC40 added …

The industrial producer price index (PPI) increased in August by 0.1% in the Eurozone, and by 0.2% in the European Union (EU), according to estimates by Eurostat. Last month saw some easing of preventive measures against the COVID-19 pandemic in Europe. On an annual basis, industrial producer prices decreased by …

The seasonally adjusted unemployment rate in the Eurozone has continued to rise for the fifth consecutive month in August, reaching 8.1%, according to data released by Eurostat on Thursday. Unemployment rate in the European Union (EU) reached 7.4% in August.

The US Dollar (USD) is maintaining its downward trend against major currencies on Thursday, moving during the first session of the month of October in the negative territory. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down for the …

The economic activity in the US’ manufacturing sector expanded in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4 from 56. This reading came in worse than the market expectation of 56.3 Further details of the publication revealed that the Prices Paid …

The Personal Consumption Expenditures (PCE) Price Index in August rose 0.3% on a monthly basis, the US Bureau of Economic Analysis reported on Thursday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.1% in July. More importantly, the Core PCE Price Index, the Federal Reserve’s preferred gauge …

There were 837,000 initial claims for unemployment benefits in the US during the week ending September 26th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s figure of 873,000 and came in slightly worse than analysts’ estimate of 850,000.

Personal Income in the US declined by 2.7% on a monthly basis in August after rising by 0.5% (revised from 0.4%) in July, the US Bureau of Economic Analysis reported on Thursday. This reading came in slightly worse than the market expectation for a decrease of 2.4%. Further details of …

The dollar fell Thursday, October 1, to its lowest level in 9 days, as strong US data and hopes about a fiscal stimulus boosted investor confidence enough to take in more risky currencies. The Chinese yuan rose against the dollar and reached its highest level in a year and a …

France’s manufacturing sector has returned to expansion despite the continuing effects of Coronavirus on the economy and has entered the expansion area on PMI. Data published by IHS Markit said its final purchasing managers’ index rose to 51.2 in September from 49.8 in August. slightly up from a preliminary reading …