UK April CBI retailing reported sales -8 vs -41 prior
Prior -41 This article was written by Justin Low at www.forexlive.com. Source link
Sweden Producer Prices Fall 0.3%
Producer prices in Sweden decreased for the first time in five months in March, data from Statistics Sweden showed on Monday. The producer price index dropped 0.3 percent year-on-year in March, reversing a 3.4 percent increase in February. Appreciation of the Swedish krona led to lower prices on all markets, the agency said. Prices for
WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $63.19 per barrel, up from Friday’s close at $62.97. Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.90. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on
Subdued Start to a Heavy Data Week with Risk Sentiment Holding Steady
Trading was particularly subdued today, even by the quiet standards of a typical Monday in Asia. That’s not surprising, given the near-empty economic calendar offering little to move the markets. Instead, traders are exercising understandable caution ahead of a heavy barrage of important data releases later this week, including US and Eurozone GDP figures, inflation
A quiet one on the agenda in Europe to start the week
The narrative of Trump versus the world continues to dominate the market landscape as we look towards the end of April. While he was busy over the weekend putting in focus on the Russia-Ukraine conflict, it is leaving broader markets wanting in the new week expecting some new development on tariffs/trade. And that’s where we
USD/INR flat lines as India-Pakistan tensions rise in Kashmir
Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) holds steady on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might
PBOC deputy governor says will cut RRR, interest rates, at an appropriate time
PBOC deputy governor says will cut reserve Requirement ratio (RRR), interest rates, at an appropriate time to focus financial support on stabilising jobs, economic growth will guide financial institutions to guarantee financing demand for foreign trading firms (i.e. exporters) studying plans to enrich policy kit will roll out new policies when needed *** Earlier: China’s
Australian Dollar loses ground due to rising expectations of RBA’s rate cut in May
The Australian Dollar remains under pressure as the US Dollar strengthens, supported by signs of easing US-China tensions. China’s move to exempt certain US imports from its 125% tariffs has sparked some optimism for better trade relations. The Federal Reserve is in its blackout period ahead of the May 7 Federal Open Market Committee meeting.
PBOC is expected to set the USD/CNY reference rate at 7.2828 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Critical levels investors must watch
Current market situation and fundamental drivers The technology sector is driving a notable rebound in equity markets despite ongoing tariff uncertainties between the US and China. Optimism around potential tariff reductions, strong earnings from major tech companies, and dovish signals from the Federal Reserve have collectively fueled recent gains. However, substantial risks remain, and investors
U.S. Treas Sec Bessent didn’t back Trump assertion that China tariff talks were under way
U.S. Treasury Secretary Scott Bessent spoke with US media on Sunday. Bessent said that while he spoke with his Chinese counterparts last week during International Monetary Fund meetings in Washington, tariffs were not mentioned! Further in the interview Bessent refused to back up Trump’s assertion that Trump had spoken with China’s President Xi: “I don’t
ECB’s Simkus says the Bank could lower interest rates at least two more times this year
Bloomberg (gated) carried comments from Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and European Central Bank Governing Council member (the monetary policy making board of the Bank). Bloomberg is gated, but in brief: ECB could lower interest rates at least two more times this year, citing: global trade weakness, largely caused
Walmart has notified Chinese suppliers to resume shipping goods – report
Last week, major US retailers including Walmart, Target and Home Depot met with the White House. Shortly afterwards, the stock market turned around, leading to an extremely strong week in the S&P 500. Today, Hong Kong based Ming Pao (a reputable newspaper) reports from the Canton Fair, which is an import/export fair and reported that: