Market Overview - Page 552

Eurozone PMI estimates put pressure on the single currency on Thursday. EURUSD experienced serious pressure, falling 0.5% to 1.1330 after the release of disappointing PMI estimates. According to PMI, the manufacturing sector in Germany, which is the locomotive of the.

Germany’s industrial slump worsened at the start of 2019, dragging the euro-area economy into its worst performance in more than five years. IHS Markit’s monthly index showed manufacturing in Germany shrank for the first time in four years. In the.

Important upcoming events and publications for January 24 (GMT): 08:30 Germany Preliminary Estimate PMI release often causes markets reaction and impacts on EUR, as it more strongly influences the expectations than final estimate. During the year, the production index falls,.

Pound is strengthening for the second day in a row as Parliament is trying to persuade the Government to postpone the Brexit date past March 29th to take no-deal off the table. Labour’s position is in favour of that outcome,.

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact.

The slight adjustments to the stock markets on Monday and Tuesday couldn’t diminish the investors’ positive outlook and the growth of key global indexes has resumed on Wednesday afternoon. The S&P500 futures and FTSE100 have both added 0.4% at the.

A new analysis in Bloomberg suggests that the Bitcoin bottom is somewhere around $3,000 or $3,100. Using the GTI Global Strength Technical Indicator, the analysis says that Bitcoin is probably oversold at this point. The Bloomberg report also says “many.

China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest economy pushed growth last year.

Stocks fell in Europe on Wednesday alongside U.S. equity futures as traders juggled doubts about the prospects for progress on trade with signs of China stimulus and moves to end the American government shutdown. The yen slid as the Bank.

Important upcoming events and publications for January, 23 (GMT): 11:00 UK CBI Industrial Order Expectations is expected to indicate a deterioration in the balance. Weak data can have a moderately negative impact on #GBP in contrast with strong employment data.

Oil prices fell 3 percent on Tuesday over concerns the world’s stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised. Gloomy new global.

European and Asian markets are losing ground on Tuesday due to fears around global slowdown. By the start of trading in the U.S., futures on the S&P 500 lost 0.4%, as much as they lost on Monday. The main market.