Tag Archives: Euro

European stocks started trading higher on Monday, and Telecom Italia shares jumped to the top of the European Stoxx 600 index, while mining stocks fell after China set a modest target for annual growth. The Stoxx 600 index was up 0.2% by 0807 GMT, after posting its best weekly performance …

Japan’s Nikkei average rose more than 1 percent on Monday to a three-month high, retracing gains on Wall Street in the previous session, after Federal Reserve officials eased concerns about monetary tightening. Interest-sensitive technology stocks were the top gainers in Japan, as was Wall Street after Richmond Federal Reserve Bank …

The dollar fell broadly on Monday as investors await Federal Reserve Chairman Jerome Powell’s congressional testimony as well as the February jobs report, which will be released at the end of the week and is likely to influence the central bank’s interest rate decision. The dollar index, which measures the …

European stocks opened higher on Friday, supported by the rise in interest-sensitive technology stocks, as investors flocked to riskier assets after comments from a Federal Reserve official that the US central bank may temporarily stop tightening monetary policy. The Stoxx Europe 600 index rose 0.5 percent in early trading, with …

Japan’s Nikkei share average closed at its highest level in nearly three months on Friday after US stocks ended higher overnight. The Nikkei index rose 1.56 percent to close at 27,927.47 points, its highest since December 15 and its biggest daily gain since January 18. The index rose 1.73 percent …

The dollar fell from the highest level in two and a half months against the yen on Friday, and headed towards recording its first weekly loss since January against other major currencies, as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, which is particularly …

The EUR/USD pair was able to achieve the first bearish target published during the previous report at 1.0775, relying on the confirmation of the pair breaking 1.0600, recording its lowest level at 1.0575. Technically, and by looking closely at the 4-hour chart, we find that the pair is now hovering …

The euro fell against the dollar on Thursday, after data showed that inflation in the euro zone is not as high as investors feared, after readings published by countries in the region during the past days. Eurozone inflation fell to 8.5 percent in February from 8.6 percent a month earlier …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) comes in a tad softer at 8.5% in February vs. January’s 8.6%, the latest data published by Eurostat showed on Thursday. The market expected the inflation gauge to ease to 8.2% in the reported period. The core HICP climbs to 5.6% YoY in February …

European stocks fell at the open on Thursday, dragged down by declines in interest rate-sensitive travel and technology stocks, as investors were cautious ahead of today’s important inflation data. A Reuters poll revealed that inflation in the 20 countries using the euro was 8.2 percent in the 12 months to …