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Tag Archives: eur

Euro Zone Bond Sales Nudge Yields Away from Multi-Month Lows

Euro zone bond markets came under some selling pressure on Thursday as a brace of countries auctioned debt but benchmark yields did not stray far from multi-month troughs hit after a low inflation print earlier this week. France and Spain sold around 13 billion euros of debt on Thursday, sales that pushed up yields on outstanding bonds as investors made room in their portfolios for the new supply. But the moves were...

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CAC Ticks Higher on Mixed French Numbers

The French stock market continues to have a quiet week. In the Tuesday session, the CAC is trading at 5,327.50 points. On the release front, there are no eurozone events. French indicators were mixed. Preliminary Consumer Spending rebounded in April with a gain of 0.5%, following two declines. This was short of the estimate of 0.8 percent. Preliminary GDP remained unchanged at 0.4 percent in the first quarter, edging above...

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ECB to review improved growth, declining risks in June: Draghi

Risks to euro zone growth have declined further and the European Central Bank will be in position at its June 8 meeting to reassess the outlook for growth and inflation, ECB President Mario Draghi said on Monday. “Downside risks to the growth outlook are further diminishing, and some of the tail risks we were facing at the end of last year have receded ...

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Petrocurrencies likely to benefit from more stable markets

While oil prices are showing volatility following the announcement of OPEC’s production cuts, prices could remain more stable moving forward, now that markets know what to expect from the group—no Thanksgiving Day surprise. “Petrocurrencies will benefit from the decision as prices will keep near current levels despite higher shale production,” Senior Currency Analyst at Market Pulse Alfonso Esparza told Oil & Gas 360®. “The Canadian dollar, Australian dollar, and the Norwegian krone will appreciate as long as ...

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Gold Higher After OPEC Deal extension

Gold prices are modestly higher in early U.S. trading Thursday, on a technical rebound from the recent selling. Prices have been trading choppy and sideways for the past week, amid a lack of new, bullish fundamental developments. June Comex gold was last up $4.90 an ounce at $1,258.00. July Comex silver was last up $0.093 at $17.21 an ounce. In overnight news, reports said OPEC oil ...

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All aboard the Euro train

All aboard the Euro train Equity investors for the most part investors remained chiefly on the sidelines with no major data releases with few disruptive headlines with the S&P nudging higher at the close and all but filled last Wednesday market gap.But there was animated action on the currency markets when dealers focalized on the Euro. And losing no time, traders rushed to top side expose after Angela Merkel told a Berlin audience that the strong...

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CAC Steady as Eurozone Current Account Surplus Beats Expectations

The France CAC index has edged higher in the Friday session. Currently, the CAC is trading at 5370.80, up 0.50 percent. On the release front, it’s a quiet day. The eurozone current account surplus came in at EUR 34.1 billion in March. This was lower than the February reading, but beat the estimate of 32.3 billion. Later in the day, we’ll get a look at consumer confidence, which ...

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US Jobs and China-US meeting in the Spotlight

Dollar higher ahead of NFP The US dollar is higher against most majors currency pairs before the China-US summit and the release of the US employment report. Chinese President Xi Jinping has landed in Florida to meet with US counterpart Donald Trump to hold bilateral talks where trade and North Korea will be on the agenda. The two day meeting is sure to...

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Germany Warns ECB About Keeping Expansionary For too Long

The battle of words between Germany and the European Central Bank (ECB) is heating up once again and is managing to affect the exchange rate of the euro zone’s single currency. ECB President Mario Draghi said Thursday morning that its current monetary policy stance is adequate and there is no need to start tightening. The euro moved lower against the dollar on his remarks. The ...

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