Tag Archives: Euro

European stock markets retreated slightly on Friday, as investors awaited crucial inflation data amidst ongoing uncertainty over future interest rate decisions. At 03:10 ET (07:10 GMT), Germany’s DAX index traded 0.2% lower, France’s CAC 40 slipped 0.1%, and the UK’s FTSE 100 dropped 0.1%. Anticipation Builds for Eurozone CPI Release …

Despite a global rally induced by U.S. inflation data, European stock markets experienced slight declines. The DAX in Germany, the CAC 40 in France, and the FTSE 100 in the U.K. all traded lower, with disappointing corporate earnings contributing to the subdued sentiment. Impact of Earnings Siemens shares dropped nearly …

Record High for European StocksEurope’s benchmark index surged to a record high on Wednesday, propelled by optimistic earnings reports in the industrial and healthcare sectors. The pan-European STOXX 600 climbed 0.4%, building on its previous record close. Earnings BoostShares of credit data firm Experian soared 7.8% after announcing an optimistic …

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …

Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …

European stock markets saw a modest retreat on Tuesday as investors absorbed corporate earnings updates and awaited the release of the latest US inflation reports. At 03:15 ET (07:15 GMT), Germany’s DAX index traded 0.1% lower, and France’s CAC 40 slipped 0.1%, while the UK’s FTSE 100 gained 0.1%. Despite …

Goldman Sachs strategists reported on Monday that European markets have reached new all-time highs, with the STOXX 600 and Euro Stoxx 50 climbing 10% and 14% year-to-date, respectively, outpacing both the S&P 500 and NASDAQ. The UK, France, Italy, and Spain have all seen market highs since the onset of …

European stocks experienced a slight downturn on Thursday as investors took a moment to pause following recent gains and awaited the upcoming decision from the Bank of England regarding monetary policy. The European STOXX 600 index edged down by 0.1 percent as markets digested the latest developments. Among the sectors, …

European stocks commenced trading on a positive note on Wednesday, buoyed by robust quarterly performances from Anheuser-Busch InBev and Siemens Energy shares. Investors also remained attuned to forthcoming decisions on interest rates from major central banks. As of 0720 GMT, the European STOXX 600 index climbed 0.3 percent, reaching its …

European stocks surged on Tuesday, reaching their highest level in over a month, buoyed by robust earnings reports from companies like Swiss UBS and Italian UniCredit, alongside optimistic sentiment surrounding potential interest rate cuts. At 0710 GMT, the European STOXX 600 index climbed 0.6 percent, building on its highest weekly …