Market Overview - Page 52

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1%.

Market picture Germany’s DAX40 has returned to all-time highs above 18900. The sell-off in equities in early August lured investors waiting for a pullback to enter the market. From a technical point of view, the August plunge was a corrective.

The whole financial world, including the media, is waiting for Nvidia’s quarterly report. The company, which has a market capitalisation of almost $3 trillion, is expected to double its sales compared with last year. It is difficult to beat such.

The Australian dollar hit its highest level since December 2023 against the US dollar, briefly topping 0.6800 following the release of the monthly inflation report. The Australian Bureau of Statistics reported that consumer price growth slowed to 3.5% y/y in.

Market picture The final reading confirmed a 0.1% contraction in the German economy in the second quarter, with a modest growth of 0.3% y/y and stagnation close to the same level of March 2022, just 0.3% above the 2019 peak.

Market picture Crude oil posted gains at the end of last week thanks to optimism on global platforms. The beginning of the new week was also favourable for the bulls, as the government of east Libya, where almost all the.

Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of.

Germany’s business climate Germany’s business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of decline, but better than the forecast of 86.0. Both the expectations.

Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back.

The US Bureau of Labour Statistics revised its employment data for the 12 months to March, cutting its estimate of the number of people employed by 818K or 0.5%. Investment bank forecasts had predicted a drop of 600-1000K. This revision.

Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without.

The single currency has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a breakout is more likely than a.