Prior -5.4 Euro area investor morale declined more than anticipated going into November, reaffirming that sentiment remains a drag in the region. It doesn’t do much to change the ECB outlook, so policymakers will just stick to the status quo until year-end. This article was written by Justin Low at investinglive.com. Source link
The FTSE 100 index in Britain is expected to open higher on Monday, with early futures showing a gain of 0.84%. The DAX index was also trading higher, up around 0.5% at the time of writing. In company news: Diageo, the world’s largest spirits company, appointed Dave Lewis (the former head of Tesco) as its
Australia building approvals recovered in September, data from the Australian Bureau of Statistics showed on Monday. Building approvals increased 12 percent month-on-month in September after a 3.6 percent fall in August. Approvals for private sector houses rose 4.0 percent. Meanwhile, approvals for private sector dwellings excluding houses surged 26.0 percent. On a yearly basis, building
Yen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report and a surprise U.S. trade gesture as signs of stabilizing conditions, prompting flows back into risk assets. China’s October CPI
Takuji Aida, an economic adviser to Japan’s Prime Minister (PM) Sanae Takaichi, warned on Monday, “it would be quite risky for the Bank of Japan (BoJ) to raise interest rates in December.” “It would be more feasible for the BoJ to raise rates in January, if it can foresee the economy achieving solid growth in
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US markets recover despite early losses United States (US) stocks rebounded from early losses on Friday to close mostly higher, buoyed by hopes that lawmakers are making progress toward ending the government shutdown. For the week, however, the Nasdaq 100 fell 3.09% – its worst weekly performance since April – as artificial intelligence (AI) names remained
The US Senate has approved the first vote needed to reopen government, 60-40 vote. Once all votes in the Senate are complete, which seems a formality now this has passed, the House will need to vote. investingLive Exclusive 34m ago Source link
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Gold price (XAU/USD) rises to around $4,050 during the Asian trading hours on Monday. The precious metal edges higher amid uncertainty over the US economic outlook. Traders ramped up bets on a US rate cut following weak US private jobs data and a downbeat University of Michigan (UoM) Consumer Sentiment Index survey. Lower interest rates could reduce
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China’s Consumer Price Index (CPI) rose 0.2% in October from a year ago after arriving at a fall of 0.3% in September, the National Bureau of Statistics of China reported on Sunday. The market consensus was for 0% in the reported period. Chinese CPI inflation increased 0.2% MoM in October versus 0.1% prior. China’s Producer Price Index (PPI) dropped 2.1% YoY
New York Federal Reserve President John Williams has warned that growing financial strain on lower- and middle-income Americans could undermine the broader U.S. economy’s resilience, even as wealthier households benefit from a booming stock market. Williams spoke in an interview with the Financial Times, link here for transcript (gated) . said the Fed’s December policy
S&P 500 performed exactly as called – flush and then rebound – fine enough one to create FOMO in some on Monday. Source link
Mon: BoJ Summary of Opinions (Oct); Norwegian CPI (Oct), EZ Sentix (Nov), Chinese M2 & New Yuan Loans (Oct) Tue: US Veterans’ Day; New Zealand Inflation Forecasts (Q4), UK Unemployment Rate/Wages (Sep), EZ & German ZEW (Nov), US NFIB (Oct), ADP’s new weekly “preliminary” jobs estimate Wed: BoC Minutes (Oct), EIA STEO, OPEC MOMR Thu:
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