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Eurozone Industrial Production arrives at 0% MoM in October vs. -0.1% expected
Eurozone’s industrial sector activity showed no growth in October, the latest data published by Eurostat showed on Friday. Industrial output in the old continent came in 0% MoM, compared to the expected decrease of 0.1% and a -1.5% recorded in September. Eurozone Industrial Production fell at an ann
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ECB’s Muller: Temporary ups and downs on inflation are inevitable
European Central Bank (ECB) policymaker Madis Muller said on Friday that “temporary ups and downs on inflation are inevitable.” Additional quotes There was consensus at ECB's Governing Council. The period of strong inflation is behind us. I want to see inflation around 2%. Markets see another 100 bp
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Household finance outlook hits highest since February 2020 following Trump win, New York Fed survey shows
Optimism about household finances hit a multiyear high following Donald Trump's presidential election victory in November, according to a New York Federal Reserve survey released Monday. Households expecting their financial situation to be better a year from now jumped to 37.6%, an increase of about
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EUR baulks at pushing through 1.0590 resistance – Scotiabank
A rebound in French markets following this week’s political turmoil has done little for the EUR, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Spot remains well-supported near the highs “Markets note Eurozone wage growth eased in Q3, giving the ECB policy hawks a path to support a 25bps rate
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Tech, Silver or Copper – Which one is waking up
S&P 500 kept on the positive Thanksgiving week note called, and allowed clients for quick intraday positioning to take advantage of a bout of Nasdaq outperformance – and my swing trading clients not chasing every intraday move, benefited also from the continued push higher, because rotations are
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USD/CNH pushes up to the highest levels since July – ING
Weekend comments merely add another layer of tariff threats to China, ING’s FX analysts Chris Turner note. USD/CNY set to test the upper 2% band of the onshore range “Overnight, USD/CNH has pushed up to the highest levels since July as the People's Bank of China fixed USD/CNY close to 7.20.” “It loo
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ECB’s Schnabel: I see only limited room for further rate cuts
European Central Bank (ECB) policymaker Isabel Schnabel said on Wednesday, “I see only limited room for further rate cuts.” Additional quotes I see only limited room for further rate cuts. The impact of past ECB tightening is fading visibly. I need to see services inflation come down. I don't see a
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Daily Broad Market Recap – November 26, 2024
Partner Center Find a Broker It was truly a busy session as traders showed mixed reactions to Trump’s tariff threats, economic data releases, and very positive geopolitical developments. What were the key drivers moving financial markets today? Let’s dive into the latest updates! Headlines: US Presi
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