(Reuters) – The euro fell briefly and German government bond yields rose on Monday, after a report that German Chancellor Angela Merkel has told leaders of her Christian Democrats (CDU) that she will not seek re-election as party chairwoman in December. Merkel has been CDU chairwoman since 2000 and giving up the role would start […]
(Bloomberg) — A relatively upbeat Mario Draghi did little to dent the dollar’s rip higher as investors re-focused on the divergent U.S. and euro-area economies. The greenback set a 2018 high for a third straight day even as the European Central Bank chief said risks to euro-area growth remain “broadly balanced,” as he kept rates
Dollar Hits Third Straight 2018 High as Divergence Re-Emerges Read More »
Yen strengthens as investors shun risk, euro attempts a comeback (Reuters) – The Japanese yen rose against the dollar on Thursday as a rout on Wall Street and weak European and U.S. economic data dented global risk sentiment, sending investors scurrying to safe-haven assets including government bonds. The yen, seen as a safety-bet during times
Yen strengthens as investors shun risk, euro attempts a comeback Read More »
(Bloomberg) — As if the drawn-out Brexit uncertainty wasn’t enough, the pound is now at risk from the battle over the U.K.’s leadership. Investors are watching for signs whether a much-anticipated challenge to U.K. Prime Minister Theresa May will actually materialize, and the outcome of a meeting of Conservative Party backbenchers Wednesday could be crucial. Long-time
The Pound Is Being Held Hostage by Politics Again Read More »
Yesterday we have received the Philadelphia Fed’s manufacturing index reading, which had fell to 22.2 in October from 22.9 in September, while the forecast was for a reading of 19.7. According to Philly Fed, the index suggested a steady growth where the broad indicators reporting readings are all near the expected September numbers, and the
Philly Fed Manufacturing index dropped in October, as well as US jobless claims Read More »
On Wednesday EU CPI came at the expected 2.1%, which confirmed the economists’ expectations that the ECB will unwind the asset purchase program planned later in 2018. The core inflation including energy, food, tobacco and alcohol prices rose to an annual rate of 0.9%. The target inflation rate of European Central Bank is close to,
On Tuesday we have witnessed once again the effects that the US-China trade war has on the world’s economies, and this time Germany was effected. The ZEW economic sentiment fell to a negative 24.7 in October, as opposed to the expected 12.3. This month’s reading has matched the July’s level, which was the lowest since
German economic expectations dropped in October; UK average earnings accelerate Read More »
On Monday we have seen a less than expected rise in US retail sales with the reading of 0.1% in September, while the forecasted was a gain of 0.7%. According to the report, the American citizens spent lees in restaurants, gas stations and grocery shops. In addition, the results may have been affected by the
On Friday the IMF top official stated the worries that the European Union has regarding the Italy’s deficit and has emphasized the importance of respecting the EU budget rules within 2019 budget, as well as improving public finances in order to enable more room for loosening the fiscal policy during the next economic recession. The
On Thursday we saw disappointing readings coming from the US, with the inflation slowing down in the previous month on rental costs and energy, as well as an increase in the number of people filing for unemployment. The US consumer prices increased less than expected in September and the cause is seen in the slower
