The euro-dollar pair ended its weekly trading last Friday with a limited rise, taking advantage of the US dollar’s decline and the pair’s consolidation above the support level of 1.0760. On the technical side today, the current movements of the Euro-dollar are witnessing stability around the top of 1.0830. With …
Read More »European stocks are rising and the German DAX is nearing a record high
European stocks rose on Friday and pushed the German DAX index towards record highs, supported by indications of progress in the US debt ceiling negotiations. The pan-European Stoxx 600 advanced 0.4% by 0708 GMT, and is set to end the week with a slight gain. Mining and financial services stocks …
Read More »Nikkei index reaches the peak of the economic “bubble” era in Japan
Japan’s Nikkei index rose on Friday to its highest level since August 1990, during what is known as the country’s economic “bubble” era, driven by a combination of positive factors such as strong earnings, an economy showing signs of recovery and optimism about US debt ceiling talks. The Nikkei index …
Read More »European stocks rose amid optimism about an agreement to raise the US debt ceiling
European shares started higher on Thursday, reflecting a sense of optimism on Wall Street, on the back of indications that Washington is close to reaching an agreement on raising the US debt ceiling and avoiding default. By 0708 GMT, the pan-European STOXX 600 index was up 0.4%. Auto and technology …
Read More »Japan’s Nikkei closed above 30,000 points for the first time in 20 months
On Wednesday, Japan’s Nikkei index closed above 30,000 points for the first time since September 2021, supported by a weaker yen and a strong domestic earnings season. The Nikkei index ended Wednesday’s trading up 0.84 percent at 30,093.59 points, after hitting a high of 30,115.32 points in the afternoon session. …
Read More »European stock futures edge higher
European stock markets are expected to open in a cautious manner Wednesday amid U.S. debt ceiling uncertainty and ahead of the release of the final eurozone inflation figures for April. At 06:00 GMT, the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.1% and …
Read More »Automotive and mining stocks lead losses in European markets
European stocks fell on Tuesday, affected by losses in automakers and mining stocks after weak data from China fueled fears of a slowdown in the Chinese economy and while investors await more economic data from the euro zone. The European Stoxx 600 index fell 0.2 percent, and most of the …
Read More »Japan’s Topix closes at a 33-year peak and chip stocks follow Nasdaq’s gains
The Japanese Topix index closed at the highest level in 33 years on Tuesday, after companies showed strong expectations during the results season, and stocks of companies related to chip manufacturing tracked the gains made by the Nasdaq index at the close of trading on Monday. The broader Topix index …
Read More »Euro is below the support line 16/5/2023
Narrow sideways trading dominated the movements of the euro-dollar pair during the first trading of this week, maintaining the negative path and recording its lowest level at 1.0843. On the technical side today, and with a closer look at the 240-minute chart, we find the euro stable below the previously …
Read More »The rise of European stocks amid investors’ interest in political events and data
European stocks rose on Monday as investors assessed the uncertainty surrounding the US debt ceiling talks and the presidential elections in Turkey and were looking forward to data released this week for clues about the state of the global economy. The European Stoxx 600 index rose 0.4 percent, with personal …
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