Tag Archives: currencies

The eurozone’s manufacturing sector experienced a deeper contraction in June, as demand plummeted despite factories continuing to lower prices, according to a recent survey. HCOB’s final eurozone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 45.8 in June from 47.3 in May, slightly exceeding the preliminary estimate …

European markets opened cautiously on Thursday, with the pan-European STOXX 600 index holding steady. Investors are refraining from significant moves ahead of critical U.S. inflation (PCE) data due on Friday, which could influence the Federal Reserve’s interest rate decisions. Consumer price data from France, Spain, and Italy this week, as …

European shares advanced on Wednesday, fueled by gains in mining and technology stocks, as investors eagerly awaited the release of crucial U.S. inflation data and the outcome of the French elections later in the week. The pan-European STOXX 600 index rose 0.4% by mid-morning, with the technology sector leading the …

A cautious mood settled over European markets on Monday, with the pan-European STOXX 600 index maintaining its position at 515.06 points. The flat opening was largely attributed to a decline in mining stocks, dragged down by weaker metal prices. However, the automotive sector provided a glimmer of hope, accelerating with …

European shares opened lower on Friday, led by a decline in technology stocks and a sharp drop in Carlsberg Group shares following the rejection of its takeover bid for British soft drinks maker Britvic. The pan-European STOXX 600 index fell 0.2% in early trading, with the technology sector experiencing a …

European shares experienced a positive trading session on Thursday, propelled by a surge in technology and real estate stocks. The pan-European STOXX 600 index rose 0.4% by mid-morning, with ASMI, a semiconductor equipment manufacturer, leading the charge in the tech sector after receiving an upgrade from Morgan Stanley. Switzerland’s benchmark …

European stock markets experienced a slight decline on Wednesday, even as UK inflation returned to the Bank of England’s target, with trading activity subdued due to a U.S. holiday. The DAX index in Germany dipped 0.2%, the CAC 40 in France also fell 0.2%, and the FTSE 100 in the …

The U.S. dollar gained ground on Tuesday, buoyed by anticipation of key retail sales data and speeches from Federal Reserve officials. Traders sought insights to better understand the potential timing and pace of future interest rate cuts. The Dollar Index, measuring the greenback against a basket of major currencies, rose …

European stock markets took a hit on Thursday as the aftershocks of the U.S. Federal Reserve’s hawkish stance sent ripples across the financial landscape. Investors were left to grapple with the prospect of fewer U.S. rate cuts than anticipated, casting a shadow over global monetary policy easing. At the heart …

European stock markets experienced gains on Wednesday as investors digested regional growth and inflation data ahead of the conclusion of the Federal Reserve’s latest policy meeting. Key Market Movements: DAX (Germany): +0.4%CAC 40 (France): +0.4%FTSE 100 (U.K.): +0.6% Economic Data: German consumer prices rose 2.8% year-on-year in May, up from …