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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow steady around 34,000 The index saw its huge rally stall on Monday, perhaps unsurprisingly given the gains made last week and the lack of data during the session. The price finds itself above the 50- and 200-day
Stock market sentiment has turned sour again, as yields pick up and investors adjust Fed expectations. Hopes of early rate cuts seem to be fading and Asian stock markets sold off overnight. Futures are down across Europe and the US as well, with European and Chinese data weaker than expected. The RBA resumed raising interest
Europe PPI (YoY) (Sep) $EUR Actual: -12.4% 🟢 Expected: -12.5% Previous: -11.5% FULL REPORT Monthly comparison by main industrial grouping and by Member State: Industrial producer prices in the euro area in September 2023, compared with August 2023, increased by 2.2% in the energy sector, while prices remained stable for capital goods and for durable
Australian Dollar (AUD/USD) Prices, Charts, and Analysis Download our Free Q4 Australian Dollar Forecast: Recommended by Nick Cawley Get Your Free AUD Forecast The Reserve Bank of Australia hiked rates by 25 basis points earlier today, as the central bank continues to struggle with above-target inflation. The move, widely expected, saw the Official Cash Rate
© Reuters. Investing.com – The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes.. At 03:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, climbed
Share: In its latest report published on Tuesday, the International Monetary Fund (IMF) upgraded its gross domestic product (GDP) growth forecasts for China to 5.4% in 2023 and 4.6% in 2024. This came in contrast with October’s outlook when the IMF revised down 2023 and 2024 China’s growth forecasts for China to 5.0%
German industrial output posts stronger-than-forecast fall in September German Industrial Production (MoM) (Sep) $EUR Actual: -1.4% Expected: -0.1% Previous: -0.2% German industrial production fell more than forecast in September by 1.4% compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.1% decline. The office offers
© Reuters. Investing.com– Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone. The U.S. dollar rebounded from six-week lows, firming in Asian trade after Minneapolis Fed President
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