The index of German consumer confidence according to the GfK institute came in at -25.7 points for the reading, against a forecast of -27.7 points and a previous reading of -29.3 points. It is worth mentioning that this is the highest reading in more than a year. Source: GfK
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Apr
Apr
SINGAPORE (Reuters) – The dollar was on the back foot and the euro climbed on Tuesday, as regional bank jitters had traders expecting U.S. interest rate cuts before long, while in Europe a 50 basis point hike remains a live option at next week’s central bank meeting. The euro rose above $1.10 overnight and was […]
13
Apr
Apr
Bitcoin’s Story is ‘Strong and Positive’ Says Galaxy Digital Global Head
The Global Head of Trading at Galaxy Digital, Jason Urban believes that the story for crypto is strong and will continue to be positive. Urban made the statement while explaining the reasons behind the current resurgence in Bitcoin and the rest of the cryptocurrency market. In an interview show with Bloomberg at the “Hong Kong […]
10
Apr
Apr
Chart of The Day
Gold is lower by about 0.6% from the perspective of the first session of the week. It is the first trading day for gold after the release of NFP jobs data from Friday when the market for gold was closed. Data from the US labor market showed that a rate hike from the Fed in […]
06
Apr
Apr
Chart of Today (TNOTE)
The debt securities market over the past few months has been in disfavor, imposed with redoubled force by the progressive cycle of interest rate hikes. However, this state of affairs has been somewhat disturbed, helped by macro data readings that point to an economic slowdown. Economic uncertainty, coupled with recent systemic risks, has put pressure […]
06
Apr
Apr
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Ukraine ‘ready to talk’ on Crimea if offensive succeeds – FT
Ukraine is willing to talk to Russia about the future of its annexed province Crimea, if a planned counteroffensive this year succeeds, the Financial Times reported a senior official as saying late on Wednesday. “If we will succeed in achieving our strategic goals on the battlefield and when we will be on the administrative border […]
European stocks edge higher
European stock markets edged higher Thursday, helped by healthy German industrial production growth, but risk sentiment remains fragile as investors fret about a global economic slowdown. At 03:45 ET (07:45 GMT), the DAX index in Germany traded 0.1% higher, the CAC 40 in France climbed 0.2% and the FTSE 100 in the U.K. rose 0.5%. Data released earlier Thursday showed that German […]
29
Apr
Apr
Talking CHNComp
Coronavirus pandemic in China is far from over. While the number of new daily cases moderated recently, restrictions remain in place creating a drag on the economy. Mass testing is being carried out in more and more cities to identify Covid hotspots. Economic damage from such an approach will stretch beyond China due to the […]
29
Apr
Apr
Muted Reaction to Positive German Data
A flurry of Q1 GDP reports from European countries was released this morning. However, the most closely watched one, as always, was the German release at 9:00 am BST. The German report was expected to show a 0.1% QoQ expansion in Q1 2022, following a 0.3% QoQ contraction in Q4 2021. Report turned out to […]
29
Apr
Apr
Fridays Economic Calendar
European markets set to open higher Q1 GDP data from Europe US core PCE inflation for March to be released in early afternoon Futures markets point to a higher opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade around 150 points above […]
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