A Falling Euro Is Not The ECB's Biggest Headache

ING says falling euro is not the ECB’s biggest concern on the road to a June rate cut. Other factors can lead to a further depreciation of the common currency. The euro has dropped 4 percent against the US dollar since the start of the year. Euro's fundamentals are stronger than in 2022, says ING.

Can a single capital markets union help European competitiveness?

Can a single capital markets union help European competitiveness? The main idea aims to diversify funding sources across the bloc and facilitate cross-border investment. The new plan aims to replace oversight of 27 member states' capital markets with one single market. The EU leaders are looking at a proposal for a single European capital market union.

Asia And Europe Markets Recover While Crude Oil Slides - Global Markets Today While US Slept

U.S. Stock markets ended lower on Wednesday amid dropping oil prices and geopolitical tensions. Tech stocks led the Nasdaq lower as inventories of crude oil increased by 2.735 million barrels for the week ending April 12. Japan's Nikkei 225 index finished the trading day higher on Thursday.

Asia Markets Ex-China Decline, While Europe Gains; Gold Surpasses $2,400 - Global Markets Today While US Slept

The U.S. Stock markets ended mixed on Tuesday, April 16th. Wall Street experienced a decline amid volatile trading. The decline was driven by increasing Treasury yields and investor worries about high interest rates. Federal Reserve Chair Jerome Powell indicated that interest rates may need to stay higher.

Weekly Bund Yield Forecast, April 12, 2024: Bund Forward Rates Shift Up Again

Inverted Bund yields continued this week with the negative 2-year/10-year yield spread at negative 49.2 basis points. The probability of negative spreads in the 91-day period ending October 11, 2024, has moved to 72.2% from 65.3% last week. Inverted yield curve is an important indicator of future recessions.

Geopolitical Tensions Weigh On World Markets, Dollar Index And Gold Show Strength - Global Markets Today While US Slept

U.S. Stock markets closed lower on Monday, April 15, after strong March retail sales report. Japan's Nikkei 225 index ended the day lower by 1.88%. China's economy grew by 5.3% in Q1 2024, surpassing expectations. Asian stocks fell as strong US retail sales lifted dollar to five-month highs.

Asia Markets Ex-China Dips, Europe Advances, While Gold Reaches $2,360 - Global Markets Today While US Slept

All major U.S. Stock markets closed sharply lower on Friday, April 12th. All major indices fell over 1% for the week, marking weekly declines. In economic data, export prices rose 0.3% in March and import prices climbed 0.4%.

Weekly Report: what happened at FXE last week (0408-0412)?

Gold Clocks New High At $2,415, Asia Markets Sans Japan Dip, Europe Gains - Global Markets Today While US Slept

The U.S. Stock markets ended mostly higher on Thursday, April 11th. The Dow Jones Industrial Average declined 0.01% and the S&P 500 gained 0.74%. Higher-than-anticipated CPI data pushed Treasury yields to a peak not seen since November. Japan's Nikkei 225 index closed higher.

A 'few' ECB policymakers were ready to cut rates at this meeting, Lagarde says

A 'few' ECB policymakers were ready to cut rates at this meeting, Lagarde says. For a fifth straight meeting, the ECB kept the central bank's key interest rates unchanged. The euro edged down 0.1% against the U.S. Dollar after the meeting.

US Inflation Data Plays On Asia and Europe Markets, Gold Trades Above $2,350 - Global Markets Today While US Slept

Annual inflation rate in the U.S. Reached 3.5% in March, up from 3.2% in February. The major indexes ended the day lower after unexpectedly high inflation data reduced hopes for early Fed rate cuts. Japan's Nikkei 225 index ended the trading day lower on Thursday.

Asia Markets Mixed, Europe Gains, Gold's Up Run Continues - Global Markets Today While US Slept

The U.S. Stock markets ended mixed on Tuesday, April 9th. Nasdaq and S&P 500 saw modest gains, driven by tech. Japan's Nikkei 225 index ended the day lower. China's stock market dipped due to struggling real estate shares. The NFIB Small Business Optimism Index fell for the third consecutive month.

Dollar Consolidates Softer Ahead Of Tomorrow's CPI

Dollar Consolidates Softer Ahead Of Tomorrow's CPI Apr. 09. The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. Most of the large Asia Pacific equity markets rallied. The March CPI and PPI are due first thing tomorrow. Gold hits a new record of $2365.35.

Asia Markets Mixed, Europe Fall As Gold Hits New Peak - Global Markets Today While US Slept

The U.S. Stock markets ended essentially flat on Monday, April 8th. Six of the S&P 500’s 11 main sectors ended the day down, with energy stocks experiencing the biggest percentage drop. A solar eclipse diverted attention from important inflation figures and the start of the first quarter earnings season. Gold prices edged up in Asia on Tuesday, as investors awaited updates on inflation and interest rates.

Weekly Bund Yield Forecast, April 5: Bund Forward Rates, Like Treasuries, Shift Up

Inverted Bund yields continued this week with the negative 2-year/10-year yield spread at negative 47.1 basis points. The probability of negative rates in the 91-day period ending October 4, 2024 has moved to 65.3% from 70.7% last week. Inverted yields are an important indicator of future recessions.

Will The Market Push The Dollar Above JPY152 As Japanese Prime Minister Heads To The U.S.?

Asia Market Mixed, Europe Rises, Gold Hits New High At $2,350 - Global Markets Today While US Slept

The U.S. Stock markets ended higher on Friday after a strong jobs report. The Dow Jones Industrial Average rose 0.80% and the S&P 500 was up 1.11%. Japan's Nikkei 225 index finished the day up by 0.78%. Asian markets were also higher on Monday.

Weekly Report: what happened at FXE last week (0401-0405)?

Week Ahead: Strong U.S. Jobs Data Failed To Sustain Dollar Rally, Can The March CPI Do Better?

U.S. Employment Data To Set Dollar's Course

Asia Pacific equities tumbled, led by more than 1% losses in Japan and South Korea. The 10-year Treasury yield is up a couple of basis points to 4.33%. The focus is squarely on the US employment report. In February, household spending fell by 0.2% year-over-year in Japan.