by Julian Benson | Nov 2, 2023
Since soaring to a five-month high on Tuesday, the euro lost 0.8% against the pound as recent economic data showed that the economy, Germany in particular, has continued to sour.
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by Julian Benson | Nov 2, 2023
The S&P Global UK manufacturing PMI rose slightly to 44.8 in October from 44.3 in September but remains below the consensus of 45.2. This signaled the eighth consecutive month of decline, marking the longest period of unbroken contraction since the financial...
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by Julian Benson | Nov 2, 2023
The Federal Reserve held interest rates at a 22-year high of 5.25-5.5% for the second consecutive month yesterday. Policymakers remain data-dependent but are leaving the door open for further tightening if necessary. Ahead of the Fed’s interest rate decision, the US...
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by Julian Benson | Nov 1, 2023
Stocks in the US ended higher as Tuesday’s session came to an end. Investors continue to weigh fresh economic results and await the Fed’s decision tomorrow. The Dow Jones, the Nasdaq and the S&P 500 added 123 points, 0.5% and 0.6%, respectively. For more on...
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by Julian Benson | Nov 1, 2023
ECB policymaker Joachim Nagel said on Tuesday that while eurozone inflation has fallen significantly, that, “We must not let up too soon, rates must be sufficiently high for sufficiently long.”
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