by Christopher Nye | Jun 6, 2023
Retail sales in the eurozone fell 1.2% month-over-month in March, following a 0.2% drop in February. Yesterday’s data came in much worse than forecasts of a 0.1% decline as high prices in the eurozone continue to weigh in on consumers’...
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by Christopher Nye | Jun 6, 2023
The S&P Global/CIPS services purchasing manager’s index (PMI) was revised slightly higher to 55.2 in May. This was a gentle rise from the preliminary index of 55.1 markets were expecting yesterday. The rise pointed to the 4th consecutive month of expansion in...
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by Christopher Nye | Jun 6, 2023
Sterling remains strong against the euro this morning, with weekly and monthly gains of nearly 5% and 3%, respectively. It is a mixed story for the pound against the US dollar. GBP/USD enters today with weekly gains of nearly 0.7%. However, on a monthly footing,...
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by Christopher Nye | Jun 5, 2023
Better than expected payrolls data plus a rise in US unemployment pushed US stocks to fresh highs on Friday. The blue-chip Dow Jones closed over 2 per cent higher at the end of the week, while the S&P 500 gained just under 1 and a half per cent, reaching its...
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by Christopher Nye | Jun 5, 2023
After attempting to recover from its 2-month low against the US dollar, the single currency currently sits around -0.37 per cent lower than the greenback this week. The recent EUR/USD gains were largely due to hawkish comments from the European Central Bank’s...
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