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Tag: GBP

Euro Rises as U.S. dollar drops
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Euro Rises as U.S. dollar drops; Markets Await U.S. CPI

The U.S. dollar dropped further from highs last seen 20 years ago – a development that benefited risk appetite. At the same time, the Euro and British pound recorded gains. Global stock markets were volatile ahead of the release of the U.S. CPI inflation report. Today, Monday, markets in China,
Euro down and Dollar up

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The Euro Below 99 Cents for First Time in 20 Years

European equity futures dropped, and the euro and pound sterling fell today, Monday as the energy crisis has been escalating adding pressure to an already stressed global economy troubled by soaring inflation and the tightening of monetary policies. At the same time, the U.S. dollar was firm as commodity currencies
US Dollar Jumps

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U.S. Dollar Jumps, Oil Drops as China’s in Lockdown Risk Again

Asian stocks fell, U.S. equity futures and oil dropped, and the U.S. dollar rose as the highly transmittable BA.5 Omicron variant was discovered in Shanghai, China’s commercial hub. The incident and the mass screening sparked worries about the risk of more COVID curbs in China. New lockdowns could clog global
blog antitrust laws 24 6 21
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Antitrust Laws may Put US Tech Giants in the Law’s Crosshairs

Yesterday, the US markets closed the trading session with little changes. The S&P 500 closed down 0.1% while the Nasdaq reached another record high thanks to Tesla’s rally. The Nasdaq could be affected if a series of U.S. antitrust measures that would allow other technology companies to gain market share
blog zooming in the global 8 6 21

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Zooming in the Global Inflation

Yesterday, despite Friday’s NFP data, and the anticipation for the inflation indicating Consumer Price Index (CPI) scheduled to be released on Thursday this week, markets closed in the green. Major European indices closed slightly higher, with the CAC 40 up 0.43% and the Dax 30 reaching a new record high.
blog economy recovery inflation 1 6 21
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Economic Recovery & Inflation Fears Move the Markets

Global stocks are entering the month close to new all-time highs, supported by the economic recovery from the coronavirus pandemic and high liquidity. Nevertheless, inflation fears and concerns that rising price pressures could lead central banks to cut support earlier than expected remain. The US dollar weakened while the yuan