Latest piece of research from Moody’s (rating agency) In Southern Europe, EU recovery funds will boost growth and cut debt, but long-term benefits are more uncertain Greece, Italy, Portugal and Spain to receive nearly half of all grants and loans in EU recovery fund Along with regular EU funding, the associated investment will lift growth,
News
LONDON: Most industrial metals prices rose on Tuesday as investors betting on a long period of low interest rates bought riskier assets, pushing global stock markets higher and dragging the dollar to its weakest since February. The weaker greenback helps dollar-priced metals by making them cheaper for buyers with other currencies. Benchmark copper on the
Dollar’s selloff intensifies today as risk-on sentiment is slowly coming back to the markets. Yen is following as the next weakest. European majors are currently the main winners. Commodity currencies are somewhat lagging behind. In other markets, European indexes are trading slightly higher while US futures also point to higher open. Gold and oil prices
Latest data released by Eurostat – 18 May 2021 Prior €18.4 billion; revised to €23.1 billion As a whole in Q1, euro area exports were seen down 0.6% compared to the same period in 2020 while imports actually showed a 0.2% increase compared to the period. That said, there is still some ways before the monthly
NEW DELHI: Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and growing inflationary pressure lifted bullion’s appeal as an inflation hedge. Precious metals continued the northward movement in the Indian market. Investors now await minutes of the U.S. Fed’s last meeting, due on Wednesday, for
Dollar and Yen are both under pressure again today, as broad based risk sentiments improved. In particular, the volatile Nikkei managed to close up more than 2%. New Zealand Dollar is leading other commodity currencies higher too. But Canadian Dollar and Sterling are the strongest ones for the week at this point. The Loonie is
Last week we had Commonwealth Bank of Australia analysts warn that Australia is most likely to lose its AAA rating Post is here if you missed it Westpac have provided their analysis, in brief saying that they are of the opinion that the next S&P sovereign rating review for Oz should maintain the Negative Outlook
Gold prices climbed to their highest in more than three months on Monday, driven by weaker US Treasury yields and inflation concerns that weighed on investors’ appetite for risk. Spot gold jumped 1% to $1,859.67 per ounce by 10:31 a.m. EDT (1431 GMT), after hitting its highest since Feb. 2 at $1,861.02. US gold futures
Commodity currencies are trading as the weaker ones for today so far, as risk markets turn softer. Major European indexes are in slight red,. while US futures point to lower open. Yen is currently the stronger ones, followed by Swiss Franc and then Dollar. But overall, major pairs and crosses are still generally stuck in
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
By Ravindra Rao MCX Gold June futures have extended their rebound from the key support of 20 day EMA at Rs. 47260. The Bollinger band analysis on the daily charts suggests bullish bias as price is trading above the midline. The upper band resistance for price exists around Rs. 48220, which could be the ideal
China’s April data sent a mixed message about the economy. Retail sales expanded +17.7% y/y in April, significantly weaker than consensus of +25% and March’s +34.2%. Urban fixed asset investment (FAI) growth moderated to +19.9% in the first 4 months of the year, from +25.6% in 1Q21. The market had anticipated a growth of +19%.
LNG also a target says a report from consultancy WoodMackenzie LNG is being targeted by smaller Chinese buyers (more on this from last week is here) sees no backing off from the Australia coal ban in China “An informal ban on thermal coal has been in place since 2020 and has affected trade flows and seaborne
By Michael Bellusci It’s going to take more than a pesky pipeline shutdown to knock energy stocks off their pedestal as this year’s best performing group in the S&P 500. Indeed, while the market focuses on popular meme stocks, alternative energy plays, tech and Tesla, the best place to make money in 2021 has been
The forex markets are steady in Asian session today as sentiment stabilized, following strong rebound in US stocks overnight. Dollar is currently the second strongest for the week, just next to Sterling. But no key level was taken out with the rebound in the last few days. The greenback would need to look into retail
PM Boris Johnson speaking: We do not believe we need to delay reopening Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT British PM Boris Johnson press conference We have seen further clusters of Indian variant. There is some important unknowns including the variant is more transmissible If the variant is
NEW DELHI: Gold import, which has a bearing on the country’s current account deficit (CAD), zoomed to USD 6.3 billion for the month of April due to a surge in domestic demand, according to the Commerce Ministry data. Silver imports during the month, however, dipped by 88.53 per cent to about USD 11.9 million. Gold