
Canada retail sales Friday’s Canadian retail sales report for September far-surpassed expectations at +0.6% compared to a flat reading expected. In addition, the advance reading for October was +0.8% in a sign of even-more strength. CIBC highlights a contrast in consumer spending patterns in the report. While auto sales surged, there was a noticeable dip

Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 nears last week’s high Despite disappointing UK retail sales, which last week slid to their lowest level since the 2021 COVID-19 lockdown, the FTSE 100 remains on track to reach last week’s high at 7,535 amid

Closing changes on the day: Stoxx 600 +1.0% German DAX +0.8% UK FTSE 100 +1.2% French CAC +0.9% Italy MIB +0.8% Spain IBEX +1.0% On the week: Stoxx 600 +2.8% German DAX +4.5% UK FTSE 100 +1.9% French CAC +2.7% Italy MIB +2.7% Spain IBEX +4.1% This article was written by Adam Button at www.forexlive.com.

Share: S&P 500 rises 1.54%, closing at 4,414.57, marking its seventh consecutive week of gains. Nasdaq 100 and Dow Jones Industrial also post gains, with technology and consumer sectors leading. Market players overlook Fed Chair Jerome Powell’s hawkish comments, focusing instead on mixed economic data. Upcoming week to focus on US inflation data,

© Reuters Investing.com– Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes. Concerns over an economic slowdown in China also dented sentiment towards Asia, following a string of weak data

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 hovers above support The FTSE 100 ended last week on a high and managed to rally to 7,484, close to the 55-day simple moving average (SMA) at 7,497, following softer US employment data, rapidly falling yields

Share: Mexican Peso gains as US Nonfarm Payrolls expand by only 150K, missing the 180K forecast. Weak US jobs report fuels speculation of multiple Fed rate cuts in 2024, as futures markets indicate. USD/MXN reacts to US labor market cooling, with the Peso hitting a two-month high and US Dollar Index falling. Mexican