EU shares fell back on Thursday, following the bearish global trend for equities as risk aversion prevails. investors have become increasingly risk-averse due to the uncertain short- to mid-term economic outlook and prospects of tighter monetary supply globally and are taking cash out of riskier assets.
Although hawkish stances from central banks are getting well...
FOREX
The US dollar is on the back foot during early Wednesday trading, losing ground to other major currencies. Chinese data released earlier in the session revealed a strong rebound in manufacturing activity in the world’s second largest economy, highlighting the recovery that followed the end of the zero-Covid policy. The good news from China triggered a bout...
EUROPEAN SHARES
European shares dropped on Tuesday, following a patchy trading session overnight in Asia, as market sentiment continues to get pressured by hawkish monetary policies.
Most EU benchmarks fell shortly after the opening bell, led down by real estate and utility shares, after investors were disappointed by the latest CPI figures from France and...
FOREX
The British pound continues to show strength in relation to the dollar and the euro, during early Tuesday trading. Sterling is carrying the positive momentum initiated on Monday, after the UK and the EU agreed on a framework to deal with unresolved issues related to the Northern Ireland protocol. The agreement, which has been named The Windsor Framework,...
EUROPEAN SHARES
Equity markets pushed significantly higher at the start of the new trading week in Europe, paring some of last week’s pull-back, as bullish sentiment resurges.
Solid performances registered across all sectors this morning hint towards the end of the potential bearish correction brought by last week’s decreased appetite for riskier assets, after...
OIL
Brent oil prices fell during early Wednesday trading. Expectations within the financial markets have been shifting to accommodate the resilience of the US economy and stubbornly sticky inflation, resulting in an outlook that now assumes the Federal Reserve will hike rates further than previously thought. This scenario, of a hawkish Fed causing a hard landing...
