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06
Apr

Risk Ahead?

In recent days, the European Central Bank and analysts at Bank of America, JP Morgan and Morgan Stanley have indicated that the commercial real estate market could be the next flashpoint for the financial sector. Consequently, also for the stock market. With falling prices, weakening demand and record-breaking exposure to banks and investment funds in […]

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06
Apr

CAD up on Positive Jobs Data

The Canadian jobs report for March was released today at 1:30 pm BST. Report release was brought a day forward as Canada will be observing Good Friday tomorrow. Data turned out to be a huge positive surprise. Employment change turned out ot be much higher-than-expected with both full-time and part-time jobs showing decent increases. As […]

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06
Apr

Focus DAX30

The German leading index is recovering slightly today. W1 chart The DAX future / DE30 is trading slightly in the red for the week. A new breakout attempt above the high at 15,815 points would bring the record high closer – the gap is less than 4%. In the event of a correction, the intermediate high at […]

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06
Apr

Lane Comments Cast Doubt on ECB Rate Hike

Lane, the ECB’s chief economist gives a question mark on the May decision, pointing out that it will depend on inflation perspectives, including the underlying ones. In view of this, Lane stresses that this is why the ECB does not give guidance for the next meeting and everything depends on the data and its outlook. […]

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06
Apr

In The Middle East, once improbable ententes set new tone

Adversaries across the Middle East have been taking steps to mend relations strained by years of tension and conflict, a trend most recently demonstrated in an agreement between Iran and Saudi Arabia to reestablish diplomatic ties. The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most […]

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06
Apr

Pension protests to bring ‘maximum’ workers in France after government, union talks fail

France faced a new round of nationwide protests and strikes on Thursday after a meeting between the prime minister and labour unions failed to break a political stalemate over a deeply unpopular pension bill making people work for longer. Protests against the reform – which lifts the retirement age by two years to 64 – […]

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06
Apr

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 […]

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06
Apr

Shell projects strong gas trading in first quarter

Shell PLC’s (AS:SHEL) first quarter gas trading will resemble the results posted in the final three months of 2022, the oil major said in an update on Thursday. In the statement, Europe’s biggest oil and gas company predicted that trading and optimization at its key integrated gas division would be “at a similar level” compared to the fourth […]

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06
Apr

USD moves higher on safe haven flows; caution ahead of payrolls

The U.S. dollar edged higher in early European trade Thursday with weakening risk sentiment benefiting this safe haven, but remains near two-month lows as a cooling economy points to a pause in the U.S. Federal Reserve rate-hiking cycle. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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06
Apr

Good Morning Traders

Weak macroeconomic data and in-between comments from Fed bankers, which indicate that given the high economic and systemic uncertainty, the rate hike cycle may be coming to an end, are bolstering sentiment in the debt market. Source: xStation 5

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