Archive for March 22nd, 2022
Archive for March 22nd, 2022

Archive for March 22nd, 2022

22
Mar

Wall Street Re-Cap

On Wall Street, stocks fluctuated over the course of the trading day on Monday but largely maintained a negative bias throughout the session. The major averages gave back ground following the strong upward move seen on Wall Street last week. The major averages ended the session in negative territory but off their worst levels of […]

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22
Mar

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the negative cues from Wall Street overnight, as higher commodity prices triggered strong buying in energy and materials sectors, despite rising concerns about the impact of the ongoing war in Ukraine. Asian markets closed mixed on Monday. Traders also digested comments from US Federal Reserve […]

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22
Mar

UK Budget Deficit Falls In February

The UK budget deficit narrowed in February from the last year but the shortfall was the second-highest for the month of February since records began in 1993, the Office for National Statistics said on Tuesday. Public sector net borrowing excluding public sector banks was GBP 13.1 billion in February, which was GBP 2.4 billion less […]

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22
Mar

European Economics Preview

Public sector finances data from the UK is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, the Office for National Statistics releases UK public sector borrowing figures. The budget surplus is seen at GBP 8.5 billion in February versus a deficit of GBP 3.65 billion in January. […]

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17
Mar

Dutch Jobless Rate Lowest Since 2003

The Dutch jobless rate declined to the lowest since 2003 and employment grew in February, data from the Central Bureau of Statistics showed on Thursday. The seasonally adjusted ILO jobless rate for the 15-75 year old age group fell to 3.4 percent in February from 3.6 percent in January. In the same month last year, […]

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17
Mar

Europe’s Passenger Car Sales Fall In February

Europe passenger car sales declined again in February as the manufacturers continued to face supply chain disruptions, data from the European Automobile Manufacturers’ Association (ACEA) showed on Thursday. Passenger car sales fell 6.7 percent year-on-year in February, faster than the 6.0 percent decrease in January. With 719,465 units sold across the EU, this was the […]

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17
Mar

European Economics Preview

The Bank of England is expected to raise its key rate for the third straight meeting on Thursday, as inflation is likely to accelerate more than anticipated due to higher energy prices amid the war in Ukraine. The monetary policy announcement and the minutes of the meeting from the BoE are due at 8.00 am […]

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15
Mar

Volkswagen FY21 Profit Surges

German automaker Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) reported Tuesday that its fiscal 2021 net earnings attributable to shareholders surged to 14.84 billion euros from last year’s 8.33 billion euros. Earnings per share were 29.59 euros, higher than 16.60 euros last year. Operating result grew to 19.28 billion euros from 9.68 billion euros a year ago. […]

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15
Mar

New Zealand Services Index Improves In February

The services sector in New Zealand continued to contract in February, albeit at a slower rate, the latest survey from BusinessNZ revealed on Tuesday with a Performance of Services Index score of 48.6. That’s up from 46.0, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components […]

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15
Mar

South Korean Export Prices Jump 20.3% On Year In February

Export prices in South Korea were up 20.3 percent on year in February, the Bank of Korea said on Tuesday – slowing from 22.0 percent in January. Export prices for agricultural, forestry and marine products were up an annual 19.2 percent, the bank said, while export prices for manufacturing products rose 20.3 percent. Import prices […]

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