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Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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11 February, 2025 11:39 pm
Market Drivers: US Session
The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields a…
11 February, 2025 11:16 pm
Powell’s Impact: Powell’s Caution Dips The Dollar As Rate Adjustments “on Hold”
The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesd…
11 February, 2025 9:50 pm
Powell’s Pause: Stocks Steady Amid Uncertainty
US stock markets have recently experienced a period of mixed performance, influenced by new tariffs …
11 February, 2025 8:30 pm
EU Vows Retaliation Against Trump’s Metal Tariffs
The European Union (EU) has vowed to respond to the 25% tariffs announced by President Donald Trump …
11 February, 2025 7:55 pm
Investors Still Tune In as Fed Chair Testifies Before US Lawmakers
Federal Reserve Chair testified before the US Senate on Tuesday, saying, “There is no need to …
11 February, 2025 7:14 pm
First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 7:08 pm
Explainer: Global Markets Focus On Key Clues As Powell Faces US Lawmakers In Washington
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 6:54 pm
EUR/USD Waits on J. Powell, Tariffs
The EUR/USD pair is holding onto slight gains above 1.0300 on Tuesday, after a decline earlier in th…
11 February, 2025 4:30 pm
Coca-Cola Surpasses Earnings Expectations as Higher-Priced Beverages Drive Sales
Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company’s strategy of encour…
11 February, 2025 3:16 pm
Powell to Testify as Fed Navigates Economic Uncertainty Under Trump Policies
Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday, addressi…
Market Analysis
July, 2020
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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