Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …
Read More »Macron: France supports common gas purchase at EU level
French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.Additional …
Read More »WTI jumps on the back of OPEC+ surplus news
The US crude oil extends its gains to two consecutive days, though it faces solid resistance at the 50-EMA, around $110.33.Western Texas Intermediate records a solid bounce after testing the 100-EMA on the downside near $105.88 a barrel near the daily low and got bolstered late, as OPEC+ has cut …
Read More »Macron spoke with the Prime Minister of Hungary about the Russian oil embargo
French President Emmanuel Macron spoke by phone with Hungarian Prime Minister Viktor Orban about completing the European Union’s proposal to ban all Russian oil imports as part of the sixth package of sanctions targeting Russia, the French presidential palace said on Tuesday. “There are contacts at all levels to ensure …
Read More »What Wall Street Expects From French Elections
French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …
Read More »EU To Draft Embargo On Russian Oil
The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats.The embargo will most likely be introduced in a gradual way, similar to the planned Russian coal …
Read More »EUR/USD to further decline on unchanged guidance from the ECB
The EUR/USD pair crawls towards 1.08 with little help coming from the European Central Bank (ECB) tomorrow. Economists at Scotiabank expert the world’s most popular currency pair to sustain further losses on unchanged guidance from the ECB.On the French elections front, early runoff polls show Macron defeating Le Pen. With …
Read More »EUR Benefits From French Elections As Macron leads 54%, le Pen 46%
Emmanuel Macron and Marine Le Pen are running a fierce competition against each other in the final round of the French presidential election and the latest poll. Macron is leading 54% versus Le pen’s 46%.The euro is trading 0.25% in the open. Official results of the election are expected later …
Read More »Financial Markets React To Putin’s Latest Statements On Ukraine
Russian President Vladimir Putin on Monday called Eastern Ukraine “ancient Russian lands” and said that the region is an integral part of Russian history. Putin said that the situation in Eastern Ukraine is “critical” and talked about how modern Ukraine was created by communist Russia under Bolshevik leader Vladimir Lenin. …
Read More »Villeroy: Markets May Have Overreacted to ECB
Investors may have over-reacted to what they see as a hawkish pivot from the European Central Bank, Bank of France Governor Francois Villeroy de Galhau said. French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at …
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