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The rallies of Euro and Swiss Franc continue today, with much help by buying in crosses, in particular against Sterling and Aussie. The latter two are currently the worst performing ones, with Sterling as the weakest for the week too. Dollar is actually performing not too badly, down just against Euro and Franc. Main focus
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LONDON: Hedge funds were small buyers of petroleum last week as managers repurchased some short positions after heavy selling and price falls the previous week. Money managers purchased the equivalent of 10 million barrels in the six most important futures and options contracts in the week to March 30. Previous bearish short positions were trimmed
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Positive sentiment sent German DAX to new record high today, while US futures point to a firm open. Investors are becoming more optimistic on the upcoming recovery, as seen in Eurozone Sentix data. IMF also raised growth forecast of the whole world and all advanced economies. The movements in the forecast markets are mixed though.
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NEW YORK: Oil fell more than $3 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. OPEC
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Markit services PMI Prelim was 60.0 Prior was 59.8 New orders hit a six-year high Rates of input cost and output charge inflation reached fresh record peaks (since 2009) Here’s the commentary on prices in the release: On the price front, input costs soared in March. The rate of inflation accelerated to the fastest since
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