European stocks rose on Thursday, led by media and travel stocks, as signs of declining US inflation gave some relief to investors worried about the impact of the Federal Reserve’s tightening monetary policy. The pan-European STOXX 600 index was up 0.5% by 0822 GMT, after two straight days of losses. …
Read More »Most Japanese stocks decline amid mixed earnings
Most Japanese stocks fell on Thursday as investors balked after recent gains and assessed a mixed set of corporate earnings ahead of a high-level meeting of the Group of Seven. Mazda Motor fell 2.69% after the automaker cut sales and profit forecasts due to production restrictions. While Sumitomo Mining shares …
Read More »A slight rise in European stocks ahead of US inflation data
European stocks rose slightly on Wednesday, with Credit Agricole stock rising after posting positive earnings, while investors awaited US inflation data that is likely to set expectations for a rate cut in the world’s largest economy. The pan-European Stoxx 600 index was up 0.1% by 0704 GMT. The US consumer …
Read More »Japan’s Nikkei index is retreating from a 16-month peak amid profit-taking
Japan’s Nikkei index retreated from a 16-month peak on Wednesday as cautious investors looked to book profits ahead of key US inflation data that could influence the Federal Reserve’s path on monetary policy. The results of the business of some companies also cast a shadow on their performance, as the …
Read More »Euro is touching the target and trying to recover 10/5/2023
The EURUSD pair declined significantly during the previous trading session’s dealings within the scenario of retesting the support published in the last analysis, touching the required target at 1.0945 and recording its lowest level at 1.0945. Technically, today, we find the EUR/USD pair trying to take advantage of the strong …
Read More »European stocks declined with the decline in the Swedish SBB stock
European stocks fell on Tuesday, with Sweden’s SBB leading the losers after the company postponed its dividend, while investors remained wary ahead of important US economic data. The pan-European STOXX 600 index was down 0.2% by 0706 GMT, as investors awaited US consumer price data later this week for clues …
Read More »Japan stocks jump supported by strong corporate results
Japanese stocks rose on Tuesday, with the Nikkei index recording its highest closing level in 16 months, supported by a rise in steelmakers’ stocks on the back of strong corporate earnings. JFE Holdings jumped 14.5 percent, its biggest gain in 14 years, after Japan’s second-biggest steelmaker expected profits to rise …
Read More »Euro is pressing support 9/5/2023
Quiet trading tended to be negative, dominating the movements of the euro-dollar pair during and throughout the trading of this week, after it found selling pressure near the resistance level of 1.1070, to start today’s session on a bearish slope. From the point of view of technical analysis today, and …
Read More »Explainer: Why is the Euro at risk?
The Euro is at risk due to a number of unanswered questions, such as what central banks will do next and when interest rates will be cut. PMI surveys have turned sharply lower in China and Europe, and the dollar has fallen out of favour as western central bank policy …
Read More »Japan stocks closed lower amid a strong yen and concerns in the US banking sector
Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …
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