Analysts from Rabobank expect no surprises from the European Central Bank at its February meeting. They expect 2022 to bring a reversal of pandemic policies, but not a broader tightening of policy. Main Quotes: “The ECB has recovered some policy flexibility in December, but this comes at the cost of …
Read More »Euro falls to one-month low as Ukraine tensions persist
The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …
Read More »Market Drivers – European Session 25-1-2022
The European session has been fairly quiet as stocks seem somewhat more cautious after the bounce on Wall Street yesterday. US futures have fallen since Asian trading and maintained this trend throughout European morning trading. The dollar received some support before the Federal Reserve. EUR/USD fell to fresh five-week lows …
Read More »Market Drivers – European Session 20-1-2022
Markets were waiting for the US data before making any aggressive bets. According to the accounts of the December European Central Bank monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out. There were 286,000 initial claims for unemployment benefits in the …
Read More »Market Drivers – European Session 19-1-2022
Data released today by Statistics Canada showed that the inflation index grew as expected for the third consecutive month in December, as the consumer price index fell by 0.1% in December, in line with market expectations, but less than the previous reading, which recorded an increase of 0.2 % last …
Read More »European Stocks Fall at The Beginning of Trading, With Global Stock Market Losses
European shares fell at the beginning of Wednesday’s trading, led by shares of food and beverage companies and with global stock markets losses. Economic data in the UK revealed that inflation rose to a 30-year high in December at 5.4%, exceeding analysts’ expectations of 5.2%. “We’re hearing a lot of …
Read More »Jet Fuel Prices Rise in Europe
Prices in the European jet fuel market rose sharply, with global air traffic resisting the influence of the omicron variable. According to Bloomberg, one of the most important measures of the fuel market, which is the difference between diesel, rose last Friday to its highest level since September 2019, long …
Read More »European Shares Fall on Rising Inflation Fears
European shares fell on Friday after comments pointing to tightening monetary policy from US central bank officials, which reinforced concerns about the repercussions, while German SAP reported strong quarterly profits in the cloud database sector. The pan-European STOXX 600 index fell 0.7 percent, following the path of declining global markets, …
Read More »European Shares Rise Amid Global Relief After Powell
European shares rose on Wednesday, tracking gains made by Wall Street in the evening after Federal Reserve Chairman Jerome Powell expressed a less hawkish stance on monetary policy during testimony before Congress. The pan-European STOXX 600 index rose 0.5% by 0813 GMT, following the path of global stocks, after Powell …
Read More »European shares rise, buoyed by a Rebound in Technology Shares
European shares rose on Tuesday, with investors returning to the technology sector after declining for seven days due to fears of rising interest rates. A group of positive corporate results also supported stocks. The pan-European Stoxx 600 index rose 1.1 after US stocks rose in late trading, supporting Asian stocks. …
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