Wall Street’s multi-day win streak came to an abrupt end Thursday after one of the worst bond auctions on record sparked a sharp selloff in Treasuries, led by the long end, and reignited concerns over who will be buyers of US debt. Also weighing on the front end were comments from Fed Chair Powell and
Italian economy likely to slow in next few months – stats bureau FULL STORY The Italian economy is likely to slow further in the next few months after stagnating in the third quarter, national statistics bureau ISTAT said on Friday. In its monthly economic bulletin ISTAT noted that consumer confidence fell for a fourth month
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 Analysis and Charts FTSE 100 recovery runs out of stream The FTSE 100 has come off Thursday’s 7,466 high amid hawkish comments by the US Federal Reserve (Fed) Chair Jerome Powell and as the British economy stalls in the third quarter.
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© Reuters. The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria’s attempts to strengthen the local currency. The Naira’s value has been on a downward trajectory since June 2023, when forex reforms triggered the floating of the local currency from N471.67 per dollar, marking the beginning of its depreciation journey.
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Oil set for third weekly decline as Middle East conflict concerns ebb FULL STORY Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves. “The threat of disruptions to supplies from the
GBP/USD, EUR/GBP Analysis Cable struggles to build momentum ahead of UK GDP report EUR/GBP threatens to breakout but faces stern level of resistance UK GDP anticipated to reveal subdued growth in Q3 The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education
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