The German Ifo confidence index, which measures confidence in the country, rose in August. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 89 points, compared to July's reading of 88.6 points, while expectations were higher at 88.7 points, reflecting improved business expectations. In detail, the current situation index slowed to 86.4, compared...
Asian markets closed with collective gains at the end of trading on Monday, August 25, the opening session of the week, supported by the US Federal Reserve Chairman's remarks on Friday at the Jackson Hole Symposium, opening the door to a rate cut at the bank's September meeting. Chinese markets led the gains, supported by the real estate sector after...
In his remarks at the Jackson Hole Symposium on Friday evening, August 22, US Federal Reserve Chairman Jerome Powell indicated that the underlying outlook and the changing balance of risks require an adjustment in our monetary policy stance, emphasizing that inflation risks remain elevated and that tariff-related inflationary pressures are now evident. In his speech, which addressed monetary policy more...
Statistics Canada released data just moments ago showing retail sales rose 1.5% in June to $70.2 billion, following a 1.1% decline in May. Expectations were for a 1.3% increase, driven by increases in food and beverage sales. Core retail sales, excluding gas stations and motor vehicle and parts stores, rose 1.9% in June after a revised 0.3% decline in May,...
Asian markets recorded near-unitary gains at the close of trading on Friday, August 22, the closing session of the week. They turned from red at the beginning of the session, influenced by negative closings on Wall Street, to positive before the close, with investors focusing on the Jackson Hole symposium and Jerome Powell's remarks regarding monetary policy and the future...
The three major US stock indices continued to record declines for the fifth consecutive session at the opening of trading today, Thursday, August 21, pressured by the technology sector. Five of the Magnificent 7 stocks, with the exception of Alphabet and Nvidia, are trading in the red, as investors await the Jackson Hole meeting and Jerome Powell's remarks on Friday....
After rising more than 1% during Wednesday's trading session, gold retreated mid-European trading on Thursday, August 21, losing more than 50% of its gains the day before, as the US dollar stabilized and a wave of profit-taking gripped the yellow metal amid anticipation of Jerome Powell's remarks at the annual Jackson Hole Symposium tomorrow, Friday. Gold is trading down about...
Data released at the beginning of the European session today, Thursday, August 21, showed divergent trends in most of the services and manufacturing Purchasing Managers' Indices (PMIs) in the Eurozone and the United Kingdom in the preliminary reading for August. The Eurozone services index slowed to a two-month low of 50.7 in August, compared to 51.0 points in the August...
Crude oil prices rose mid-day in European trading on Wednesday, August 20, following a decline in inventories, according to preliminary figures from the American Petroleum Institute. Amid anticipation of official figures from the Energy Information Administration on Wednesday, markets are monitoring the situation related to a ceasefire between Russia and Ukraine, with US President Donald Trump brokering a peace agreement...
The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.8% year-on-year in July, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, August 20, after rising 3.6% in June, exceeding market expectations of 3.7%. On a monthly basis, the CPI rose 0.1% in July, compared to a decline of approximately 0.2% in...