Webb
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France: Corporations show renewed interest in money market funds and term deposits
Annual flows of money market fund shares/units held by non-financial corporations (NFCs) in France were positive throughout 2023, having been negative from the second quarter of 2021 to the fourth quarter of 2022. This trend reversal was due most notably to the increase in key ECB interest rates on
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Middle East escalation boosts Oil supply risks
The oil market continues to be supported by ongoing tensions in the Middle East. The lack of price action following recent escalation has been surprising but suggests there already is a large risk premium priced into the market. Even so, there is still plenty of risk facing the market. The risk of d
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Worst is over in German manufacturing sector
In 2023, Germany's economy fared the worst among major economies, with GDP declining by 0.3% year-on-year and industrial production dropping by 2.5% compared to 2021. This can be attributed to its heavy reliance on manufacturing, past reliance on Russian gas, weak construction sector, and reduced gl
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Gold price holds steady below $2,400 mark, bullish potential seems intact
Gold price oscillates in a narrow band on Tuesday and remains close to the all-time peak. The worsening Middle East crisis weighs on investors’ sentiment and benefits the metal. Reduced Fed rate cut bets lift the USD to a fresh YTD top and cap gains for the XAU/USD. Gold price (XAU/USD) struggles to
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U.S. Consumer Prices Climb More Than Expected In March
Largely reflecting continued growth in prices for shelter and gasoline, the Labor Department released a report on Wednesday showing U.S. consumer prices advanced by slightly more than expected in the month of March. The Labor Department said consumer prices climbed by 0.4 percent in March, matching
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US Dollar Index in a quiet mode ahead of release of key economic data from the US
US Dollar Index The dollar index is trading within a narrow range for the second consecutive day, as traders await release of the US inflation report for March, which is expected to provide more hints on the Fed’s policy outlook. Widely expected start of cutting rates in June, as well as the pace an
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Whispers of a softer CPI print
Despite most investors maintaining a cautious stance ahead of what is bound to be an action-packed Wednesday with the release of fresh US inflation data, US stocks nudged higher in subdued trading. There's a palpable sense of nervousness among investors as they exercise a modicum of restraint, conce
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RBNZ Decision Preview: Interest rate expected to remain unchanged as inflation remains high
The Reserve Bank of New Zealand is set to hold the interest rate at 5.50% on Wednesday. The language in the policy statement will offer cues on the RBNZ interest rate outlook. The New Zealand Dollar braces for a big reaction to the RBNZ policy announcements. The Reserve Bank of New Zealand (RBNZ) is
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