All Articles Tagged - EU50

European Open Preview – Dollar hits 3-week low as commodity currencies gain ground

Posted on December 27, 2017 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued retreating, recording a three-week low. Meanwhile, commodity currencies, including the loonie, aussie and the kiwi, were posting multi-week highs versus the greenback. STOCKS: The Nikkei 225 closed 0.1% higher. The Hang Seng was down by 0.1%, while the Shanghai Composite lost 0.9%. Euro Stoxx 50 futures traded higher by 0.1% at 0728 GMT, with Dow, S&P 500 and Nasdaq 100 contracts all being roughly flat. COMMODITIES: WTI [..]

US Open Preview – Euro cautious on Catalonia; Spanish stocks face headwinds

Posted on December 22, 2017 at 12:16 pm GMT

Here are the latest developments in global markets: FOREX: The euro remained around Friday’s lows as investors were worried that tensions between Madrid and Catalonia would escalate after regional elections on Thursday gave a narrow majority to secessionists. The euro stood against the dollar at 1.1851 (-0.19%) while versus the pound it slipped to 0.8856 (-0.05%) after final British Q3 GDP growth readings came in higher than expected on a yearly basis. Pound/dollar approached the 1.34 key level in the wake [..]

European Open Preview – Catalan vote pressures euro; US core PCE awaited

Posted on December 22, 2017 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded slightly higher versus a basket of currencies and further above a two-week low hit earlier in the week. Despite this, it was still on track to record a weekly loss. The euro was down, though it recovered to a significant extent earlier losses after the results from Catalonia’s regional elections showed a victory for pro-independence forces. STOCKS: The Japanese Nikkei 225 and Topix indices finished the day higher [..]

European Open Preview – Dollar gains versus yen on rising yields and dovish BoJ; Canadian CPI eyed

Posted on December 21, 2017 at 8:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar edged slightly higher versus a basket of currencies but was still trading not far above a two-week low hit yesterday. The US currency continued gaining versus the yen, being supported by rising Treasury yields. STOCKS: The Nikkei 225 closed down by 0.1% and the Topix added 0.1% to renew its 26-year high. The Hang Seng was up by 0.5%. Euro Stoxx 50 futures were marginally lower at 0726 GMT, [..]

US Open Preview – Swedish krona gains following central bank meeting; kiwi eyed ahead of GDP data

Posted on December 20, 2017 at 11:44 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed versus other major currencies as trading is getting thinner ahead of the Christmas holidays and as the House of Representatives is anticipated to cast a final vote in favor of tax reforms later in the day. STOCKS: European equities were heading lower, though losses were limited for the most part. At 1120 GMT, the pan-European Stoxx 600 was down by 0.2% and the blue-chip Euro [..]

European Open Preview – US tax bill to be ratified; Japanese equities at multi-decade high

Posted on December 20, 2017 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed versus a basket of currencies as markets awaited the House of Representatives to cast a final vote in favor of tax reforms later today. The euro was roughly flat after receiving a lift from higher German bond yields. STOCKS: The Nikkei 225 closed 0.1% higher and the Topix added 0.3% to finish at its highest since late 1991. The Hang Seng was down by 0.1%. [..]

US Open Preview– US tax bill on final stage; European stocks hold strong

Posted on December 19, 2017 at 11:28 am GMT

Here are the latest developments in global markets: FOREX: The dollar was steady versus the yen at 112.62 as investors were waiting for the final tax vote to begin today, while trading was in general thin ahead of the holiday season. The euro, on the other hand, posted moderate gains versus the greenback, edging up to an intra-day high of 1.1817(+0.23%) and remained flat against the pound at 0.8832 as the German Ifo business climate index inched below expectations but remained at [..]

European Open Preview – US tax bill heads for vote; aussie up on mostly upbeat RBA minutes

Posted on December 19, 2017 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower versus a basket of currencies as trading conditions were getting thinner ahead of the holiday period and attention remained on the tax story in the US. The antipodeans kept edging higher versus the greenback though their gains were subdued on a day with no sharp movements among major pairs. STOCKS: The Nikkei 225 finished 0.15% lower on the day, while the Hang Seng traded higher by [..]

US Open Preview– Dollar falls on tax doubts as stocks climb; May plans on transition period

Posted on December 18, 2017 at 12:48 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was weaker versus a basket of major currencies during early European trading hours as investors played down the post-growth effects of the proposed tax cuts. The dollar index touched intra-day lows at 93.68 (-0.26%). Euro/dollar was on track to break above 1.1800, reversing most of its Friday’s losses (+0.31%), as sentiment on the Eurozone’s economy remained positive. Dollar/yen was flat at 112.56 and pound/dollar was trading higher at 1.3360 (+0.32%). STOCKS: [..]

European Open Preview – US tax reform dominates attention; appetite for risk pushes equities higher

Posted on December 18, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly down against a basket of currencies after posting gains on Friday following the announcement that House and Senate Republicans have found common ground on the front of tax legislation. The antipodeans were again gaining ground versus the greenback. STOCKS: The Nikkei 225 added 1.55% and the Hang Seng was higher by 1.0% on a day when Asian equities were mostly on the rise on the back of [..]

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