German stocks led losses among European bourses on Tuesday, with speciality chemicals Lanxess falling after the company cut its forecasts, and a modest rate cut in China failed to lift investor sentiment. Germany’s DAX fell 0.3% by 0750 GMT, further away from Friday’s record high. The pan-European Stoxx 600 index …
Read More »Euro is trying to consolidate against USD 20/6/2023
. Quiet trading tended to be negative but limited at the beginning of the week, amid the US markets holiday, to find the EUR/USD pair stable intraday above 1.0900. Technically, and with a closer look at the 4-hour chart, the simple moving averages continue to hold the price from below, …
Read More »European shares fall at open, Sartorius plunges on forecast cut
European equities dipped at the opening bell on Monday, led by Franco-German lab equipment maker Sartorius, as investors expected additional stimulus measures from China to boost demand. By 0719 GMT, the pan-European STOXX 600 index had down 0.5%, while Germany’s DAX had fallen 0.4% after ending at a record high …
Read More »Faint gains for the dollar as traders analyze the path of interest rates
The dollar felt its way on Monday, as investors continued to analyze the results of the central bank meetings witnessed last week, including the Bank of Japan’s decision to adhere to the monetary easing policy that keeps the yen weak. The dollar index, which measures the performance of the greenback …
Read More »European stocks rose at the open, with the healthcare sector leading the gains
European stocks rose at the open on Friday, supported by gains led by the healthcare sector at the end of a busy week of monetary policy decisions by central banks. And by 0717 GMT, the European Stoxx 600 index rose 0.2%, and the healthcare sector index rose 0.5%. The STOXX …
Read More »Yen is falling after the BoJ kept interest rates low
The yen fell after the Bank of Japan on Friday kept interest rates ultra-low and predicted inflation would slow later this year, reiterating its monetary easing stance that runs counter to the tightening policies of other central banks around the world. As widely expected, the BoJ kept the short-term interest …
Read More »European stocks fell ahead of the central bank meeting
European stocks opened lower on Thursday amid expectations the European Central Bank will raise borrowing costs later in the day, following the Federal Reserve’s indication that it will approve further increases. The rise of H&M shares limited the losses somewhat, and lifted the shares of the retail sector after announcing …
Read More »Dollar climbs in Asia after hints from Fed for further interest rate hikes
The dollar rose in Asian trade on Thursday after the Federal Reserve signaled an interest rate hike later in the year, while the currencies of China and New Zealand fell amid signs of slowing economies. Market attention is now turning to other central banks’ decisions late this week. The dollar …
Read More »Euro touches the target, eyes on ECB 15/6/2023
. Remarkable gains dominated the performance of the Dow Jones Industrial Average on Wall Street, within the positive outlook, as we expected, touching the official bullish target stations, reaching the last target of 34,130, recording its highest level of 34,112. Technically, we tend to be positive, relying on the index’s …
Read More »Stability of European stocks ahead of the US interest rate decision
European stocks opened flat on Wednesday ahead of the Federal Reserve’s widely expected decision to halt interest rate increases, while sports betting Entene shares tumbled after announcing a deal to buy another company. The European Stoxx 600 index settled at 463.49 points by 0709 GMT, while the travel and leisure …
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