Market Overview - Page 46

The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on.

Precious metals are gaining on Monday in the second day of growth after last week’s heavy sell-off. Platinum is recovering the most, jumping 2.9%. Palladium is gaining about 2%, also noting the recovery of buyers’ appetite after the recent drawdown..

The Nasdaq100 index was once again the main driver of growth in US indices in May, indirectly also positively influencing markets elsewhere. On Thursday, the index was approaching the 19,000 level, adding over 11% to the 19 April lows. An.

Preliminary estimates of European business activity indices noted an overall acceleration in the Eurozone economy better than expected, helping the Euro find temporary support as it approaches 1.08. Germany provided the biggest upside to expectations this time around after months.

Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in.

Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent. Interestingly, oil is declining despite the death of Iran’s president, which should reinforce the.

The US dollar is not giving up without a fight, gaining for the second day in a row against a basket of major currencies. Buyers seized the initiative after the Dollar touched the lower bound of its uptrend, which coincided.

Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the time of writing. Silver does not.

The US dollar has been under relentless pressure since last Thursday, approaching more than one-month lows against the euro and the pound. In general, we can identify a downward trend of the dollar against a basket of six developed country.

Crude oil has been under pressure over the past four weeks but has been gaining support on the decline to $77 per barrel WTI and $82 per barrel Brent since the beginning of the month. The price has been consolidating.

Gold and silver have been enjoying a return to demand since early May, and buyers have stepped up in the last couple of days, bringing gold back above $2370 and silver back above $28.5.  Silver has recovered to the $28.0-28.8.

German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend.  The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost.