Tag Archives: Eurozone

Equities are down and bond rates are up as investors remain cautious due to expectations of additional monetary tightening by central banks. The July Fed minutes show a unanimous vote in favour of raising rates, but growing reluctance among board members regarding possible over-tightening.Initial Jobless Claims came in at 239K, …

With surging Treasury yields and risk aversion, the US dollar keeps getting stronger. Nearing 103.50, the DXY index climbed to its highest point since June and extended its winning streak to five days. The momentum of the dollar is still strong notwithstanding this rebound.According to the FOMC minutes, several members …

The EUR/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone’s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday’s economic calendar. The Office for National Statistics will release key labour market data on Tuesday, …

Britain unexpectedly posted some growth in the second quarter, supported by a strong performance in June, official data revealed on Friday, but it remains the only one of the world’s largest economies not to return to pre-COVID-19 levels. The economy expanded by 0.2 percent in the second quarter, compared with …

The Eurozone region presents a number of difficulties for the logistics industry, including supply chain disruptions, a talent gap, geopolitical unpredictability, complicated trade regulations, increased transportation costs, protracted lead times, and employee shortages. Brexit has been a significant impact, but other elements including the epidemic, a shortage of materials, and …

The unemployment rate in the euro area stabilized at 6.4%, contrary to expectations that it would rise to 6.5% in June, compared to 6.7% in the same period of 2022. The number of unemployed fell by 62,000 from the previous month to 10.814 million. Meanwhile, the youth unemployment rate, which …

Crude oil prices surged for the third consecutive day and for the seventh time out of the last eight days. WTI got closer to $82.00 per barrel and posted its highest close since mid-April.The US Dollar posted mixed results on Monday, rising versus the Euro, the Pound, and the Yen …

The Stoxx Europe 600 Index rose 0.1% on Monday as new data showed the euro zone economy returned to growth in the three months through June and inflation fell.The combined gross domestic product of the 20 countries that use the euro grew at an annualized rate of 1.1% in the …

Eurozone blue-chip shares rallied to their highest in more than 15 years on Thursday as investors anticipated the European Central Bank was close to the end of its tightening cycle. The EURO STOXX 50 index was up 2.3%, touching its highest level since December 2007, while the pan-European STOXX 600 …

EUR/USD has dropped to its lowest level in two months, with the pair trading around 1.1130 after a three-day losing streak against the strong US Dollar. The US Jobless Claims data and downbeat tech sector performance have favored Treasury yields, boosting the US dollar. The Philadelphia Fed Manufacturing Survey gauge …