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Sensex, Nifty Snap Four-day Losing Streak On Late-day Buying Spree
Indian shares rose sharply on Friday to snap a four-day losing streak on late-day buying spree. Markets opened deep in the red as U.S. rate worries and signs of escalating tensions in the Middle East, following Israel's retaliatory strikes against Iran, drove investors towards safe-haven assets. Sto
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Elliott Waves on Dax: Drop looks overlaping, price may stabilze
DAX moved to the downside, breaking out of a consolidation, potentially down from another B wave, which might have been triangle around the 17,800 area. This movement could represent the final thrust out of this contracting range, indicating that there might still be potential for stabilization. We
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CAC 40 Rallies As LVMH Delivers Solid Results
French stocks traded sharply higher on Wednesday, after having fallen heavily on Tuesday on concerns about rising tensions between Iran and Israel, and U.S. rate cut uncertainty. The benchmark CAC 40 was up 96 points, or 1.2 percent, at 8,028 after falling around 1.4 percent in the previous session.
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UK March inflation printed higher than expected
Markets Developments in the Middle East gradually lost their grip on global markets with central bank talk again taking the lead. Fed Vice-Chair Jefferson delivered a perfect assist for Chair Powell to acknowledge the consequences of recent strong US activity data while inflation remains stubbornly
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Thai Shares Tipped To Open Under Water Again On Wednesday
Ahead of the long weekend for the Songkran Festival, the Thai stock market had ended the three-day winning streak in which it had rallied more than 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,395-point plateau and it's likely to open under pressure again on Wed
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GBP/USD dips after weak employment data
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than expected. Job growth took a hard hit in the th
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China to ease further in H2 2024 to stimulate economic growth – Standard Chartered
Economists at Standard Chartered offer their afterthoughts on China’s quarterly growth numbers released on Tuesday. Key quotes “China’s economy grew 5.3% y/y or 6.6% annualized in Q1, beating market consensus by a wide margin.” “Output gap narrowed to -1.6% of GDP in Q1 from -2.2% in Q4; GDP deflato
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