Eurozone investor confidence improved for the second straight month in June, signalling economic stabilization to continue over the coming months, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index rose more-than-expected to -13.4 in June from -16.4 in May. The score was forecast to rise to -13.8. The indicator improved […]
Germany’s factory orders declined more than expected in April, data from Destatis revealed Monday. Factory orders logged a monthly fall of 3.8 percent in April, in contrast to the 4.5 percent increase in March. Economists had forecast a fall of 2.2 percent. On a yearly basis, orders grew 1.6 percent but slower than the 6.1
Europe’s new car registrations grew at a slower pace in April amid heightened geopolitical risks, data from the European Automobile Manufacturers’ Association, or ACEA, showed Wednesday.New car registrations grew 5.1 percent year-on-year in April, slower than the 12.5 percent increase in March. Italy registered a strong sales growth of 11.6 percent, followed by an 8.4
Euro area private sector contracted for the first time in nearly one-and-a–half years as the ongoing war in the Middle East acted as a drag on services activity, final results of the purchasing managers’ survey by S&P Global showed on Wednesday. The composite output index fell to 48.8 in April from 50.7 in the previous
The euro area factory activity expanded at its strongest pace in nearly four years in April as manufacturers front-loaded their orders due to fears of the war-induced price increases and supply shock, final data from S&P Global showed Monday. The manufacturing Purchasing Managers’ Index rose to a 47-month high of 52.2 in April, in line
The global markets are holding in limbo today as the initial surge in geopolitical risk faded and attention shifted back toward the upcoming Fed decision tomorrow. While tensions in the Middle East remain elevated, price action across assets suggests that much of the shock has already been absorbed, leaving traders reluctant to take strong directional
FX markets are subdued, with major pairs largely contained within recent ranges. Dollar is edging higher from earlier lows, but the move lacks follow-through amid a strong risk-on backdrop. Yen staged a mild recovery after hawkish signals from BoJ officials, yet it remains the week’s worst performer. Risk-on dynamics continue to outweigh policy rhetoric. For
Dollar stabilized and recovered notably in early US trading after an initial selloff, supported by remarks from Fed Governor Christopher Waller. Waller, widely regarded as one of the more dovish voices on the Federal Reserve Board, signaled that the case for holding rates in March has strengthened following robust January employment data. Waller was one
German business confidence strengthened to a six-month high in February on improving assessment about current situation and upbeat outlook, survey data from the Munich-based ifo Institute showed Monday. The business climate index rose more-than-expected to 88.6 in February from 87.6 in the previous month. The score was the highest since last August. The expected reading
Sterling trades broadly lower today after weaker-than-expected UK labor data strengthened expectations for a March rate cut from BoE. Rising unemployment and moderating wage growth have shifted the tone around policy outlook, particularly among more centrist MPC members who may now lean more dovish. Traders are now assigning more than 75% probability to a March
Germany’s consumer price inflation accelerated in January, as estimated, on higher food and services costs, final data from Destatis revealed Tuesday. Destatis confirmed that consumer price inflation rebounded to 2.1 percent in January from 1.8 percent in December. Similarly, EU harmonized inflation accelerated to 2.1 percent from 2.0 percent in the prior month. The rate
Dollar remains generally weak as markets move into the early US session, even though outright selling pressure has eased slightly. The slowdown, however, looks more like consolidation than recovery, with the greenback still exposed to fresh political and policy risks. That vulnerability follows an already bruising period marked by renewed transatlantic trade tensions and the
The “Sell America” trade gathered further momentum today, with U.S. assets coming under broad pressure as markets returned to full participation. U.S. Treasuries led the move, with the 10-year yield pushing toward 4.3% as bond selling accelerated. U.S. equity futures point to a sharply lower open. The combination of developments has not supported the Dollar,
Greenland dominated global headlines today as geopolitical risk surged back into focus. What had previously looked like an unusual diplomatic dispute escalated sharply over the weekend, forcing markets, governments, and corporates to reassess transatlantic relations and the risk of renewed trade war. The escalation followed a pledge by US President Donald Trump to impose 10%
German consumer confidence is set to drop at the start of the year 2026 as rising inflation fears weigh on income expectations and purchase decisions, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Friday. The forward-looking consumer confidence index fell to -26.9 in January from revised -23.4 in
Sterling continues to underperform today, though losses remain contained. The lack of aggressive selling suggests markets are already well positioned for near-term policy easing and are now grappling with uncertainty further along the curve rather than reacting to fresh surprises. This week’s string of weaker UK employment data has erased any remaining doubt over a
Dollar came under broad pressure in early US trade after delayed employment data confirmed a deeper-than-expected loss of momentum in the labor market. The October payrolls collapse was the key shock. A steep contraction marked the third negative print in six months, a development that few had anticipated. To compound the damage, both August and
