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Increasing demand pushes the dollar to new weekly maximum
FOREX The US dollar hit a new weekly maximum before easing down slightly during early Wednesday trading. Demand for the American currency increased after two Fed officials, known for their usually dovish stance, came out in public and affirmed that the central bank remains committed to controlling inflation, and will continue to hike rates[…]
EU shares sliding lower as investors brace for a new macro developments
EUROPEAN SHARES European shares followed the global trend, sliding lower, as investors brace for a new batch of major macro developments this week. Consumer discretionary and tech shares are among the worst performers today on the old continent, driving benchmarks lower from Frankfurt to Lisbon, as traders prefer to drive their exposure towards safer havens.[…]
EU benchmarks on the rise following a global positive sentiments trend
EUROPEAN SHARES European benchmarks followed the global upward trend at the start of a new month, as share markets climbed almost everywhere from Tokyo to futures in New York. This strengthened market sentiment comes despite disappointing macro data from China over the weekend, with manufacturing PMI falling short below expectations while property sales also contracted,[…]
