European stock markets rose on Monday, boosted by oil and gas stocks, while investors awaited the release of inflation data in the eurozone, after a report on consumer prices published last week boosted expectations that the European Central Bank will raise interest rates. The pan-European STOXX 600 index rose 0.8 …
Read More »Japan shares rise at the close, supported by the utilities sector
Japanese shares closed higher on Monday, supported by utility companies as the country continues to grapple with an unprecedented heat wave. Overall, investor sentiment remained low on widespread fears of a global economic slowdown, with trading slowing ahead of the US Independence Day holiday on Monday. The Nikkei index rose …
Read More »Eurozone Preliminary Inflation soars 8.6%
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 8.6% in June vs. the previous reading of 8.1%, the latest data published by Eurostat showed on Friday. The market expected the bloc’s inflation to accelerate by 8.4%. The core figures dropped to 3.7% YoY in June when compared …
Read More »European shares fall ahead of inflation data
European shares fell on Friday, as semiconductor shares led the decline after tepid expectations from US chip maker Micron, while investors awaited euro zone inflation data to build their expectations about the pace of interest rate hikes. Dutch semiconductor equipment company ASML, French-Italian chip maker ST Microelectronics and German chip …
Read More »Japan’s Nikkei closes at its lowest level in two weeks
Japan’s Nikkei fell for a third consecutive session on Friday to close at its lowest level in nearly two weeks, tracking Wall Street’s losses overnight, as investors worried about the economic slowdown in the world’s largest economy. The Nikkei fell 1.73% to 25,935.62 points, its lowest closing level since June …
Read More »Euro touches goal 1/7/2022
Bearish movements dominated the euro against the US dollar within the expected negative outlook during the previous analysis, touching the first target of 1.0400 and approaching by a few points the second target of 1.0375, recording its lowest level at 1.0382. On the technical side, the trading witnessed a little …
Read More »Could ECB’s Latest Measures Impact Euro’s Performance?
June has generally been a chaotic month for the Euro, trading in ranges around and north of +/-4% versus its major counterparts. At first, it was the June European Central Bank policy meeting that startled investors into thinking a Eurozone debt crisis redux could be looming.The Euro has reversed its …
Read More »Euro remained near its lowest level since 2015
The Swedish Krona rose against the Euro on Thursday after Sweden’s Central Bank raised its key interest rate by 50 basis points, as expected. On the other hand, the price of the euro stabilized against the major currencies and remained near its lowest level since 2015 against the Swiss franc …
Read More »Japanese stocks fall 1.5% as economic slowdown fears grow after production data
Japanese shares fell more than 1.5 percent on Thursday after data showed that monthly industrial production posted its biggest drop in two years and the yen fell to a 24-year low overnight, stoking fears of an economic slowdown. The Japanese Nikkei index fell at a steady pace throughout the day …
Read More »European stocks face their worst quarter since the pandemic plunge in early 2020
European shares fell on Thursday, on track to record their worst quarter since the massive plunge during the COVID-19 pandemic in early 2020, as investors grew increasingly concerned about a global recession following tough central bank measures to tame soaring inflation. The pan-European STOXX 600 index fell 1.4 percent by …
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