Tag Archives: dollar

German business sentiment took another hit in September, falling for the fourth consecutive month, according to a recent survey released on Tuesday. This dip adds to growing concerns that Europe’s largest economy may have slipped into recession. The Ifo Institute’s business climate index, a widely watched gauge of business morale, …

Gold prices surged to record highs in Asian trading on Tuesday, building on recent gains driven by optimism over U.S. interest rate cuts, while copper prices rallied sharply following a wave of stimulus measures announced by the Chinese government. These developments are setting the stage for a dynamic week in …

Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …

Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …

European stock markets edged lower on Friday, consolidating the previous session’s sharp gains as investors processed policy updates from several major central banks. At 03:05 ET (07:05 GMT), Germany’s DAX fell by 0.6%, France’s CAC 40 dropped 0.3%, and the U.K.’s FTSE 100 declined 0.5%. Central Banks in Focus After …

Gold prices edged higher in Asian trading on Friday, supported by a weaker dollar following the Federal Reserve’s aggressive interest rate cut. The move has bolstered optimism for more rate reductions, driving demand for the precious metal as a hedge against currency weakness and economic uncertainty. Gold Reacts to Fed’s …

The German economy could shrink again in the third quarter of 2024, as it continues to grapple with an industrial recession, weak investment, and cautious consumer spending, according to a monthly economic report from the Bundesbank released on Thursday. Germany, the largest economy in the eurozone, has already experienced negative …

European stock markets saw strong gains on Thursday, buoyed by the Federal Reserve’s aggressive rate cut and investor anticipation ahead of the Bank of England’s (BoE) policy decision. Germany’s DAX was up 0.9%,France’s CAC 40 rose 1.4%, andThe UK’s FTSE 100 climbed 0.9% as of 03:05 ET (07:05 GMT). Fed’s …

European stocks edged higher on Tuesday, led by gains in financial shares, as markets geared up for the U.S. Federal Reserve’s expected monetary easing cycle. Investors are eyeing a potential outsized rate reduction from the U.S. central bank. The continent-wide STOXX 600 index climbed 0.6% to 518.16 points by 07:13 …

Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …