S&P 500 end week lower, despite Friday gains amid mixed economic outlook

Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on

European equity close: Friday’s gains trim the weekly decline

Stoxx 600 daily Closing changes: Stoxx 600 +0.2% German DAX +0.1% UK FTSE 100 +0.5% French CAC +0.6% Italy MIB +0.3% Spain IBEX +0.6% Weekly: Stoxx 600 -0.8% German DAX -0.7% UK FTSE 100 +0.2% French CAC -0.8% Italy MIB -1.4% Spain IBEX -0.9% I don’t think there is a big takeaway from this week’s

Euro gains, euro zone bond yields drop as U.S. unemployment rate rises By Reuters

© Reuters. FILE PHOTO: A woman holds euro banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – The euro rose against the dollar on Friday and euro zone bonds yields fell after data showed a big increase in the U.S. unemployment rate in August, supporting the view that Federal Reserve might

Dollar gains after mixed jobs report By Reuters

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar gained against the euro and Japanese yen on Friday after the August jobs report showed a still strong labor market, despite some

NZD/USD clears daily gains following US data

Share: NZD/USD peaked at a daily high of 0.6015 and then plummeted to 0.5940. US NFPs from August showed a mixed picture, while the Manufacturing PMIs from the same month came in better than expected. The USD holds its ground despite investors betting on lower odds of a last hike by the Fed

European equity close: UK stocks make gains but Germany slumps

It was a round trip in the DAX as it started soft, recovered and then finished on the floor. On the day: Stoxx 600 flat German DAX +0.6% Francis CAC -0.3% UK’s FTSE 100 +0.4% Spain’s Ibex -0.6% Italy’s FTSE MIB -0.6% On the week: Stoxx 600 +1.5% German DAX +1.3% Francis CAC +0.9% UK’s

AUD/USD extends gains toward 0.6450 on upbeat Australia Retail Sales

Share: AUD/USD trades higher around 0.6440 on the back of improved Australia’s Retail Sales. 10-year US bond yield declined to 4.18%; Greenback experiences losses. The stability of China’s economy could underpin the Aussie pair. AUD/USD continues its winning streak for the second consecutive day, trading around 0.6440 during the Asian session on Tuesday. The US

XAU/USD Price Forecast: Gold Retains Gains Post-Powell

GOLD OUTLOOK & ANALYSIS Rather hawkish Powell unable to deter gold bulls. Incoming data this focus this week. XAU/USD snakes in and around 200-day MA. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices have managed to remain elevated this Monday morning as the US dollar trades marginally lower. While