Currencies

Dax gains ground as investors hope for imminent end to Middle East conflict

Hopes for a swift end to the war in the Middle East are giving the Dax wings. Amid a significant drop in oil prices, the German blue-chip index surged by up to 2.7 percent to 24,045 points on Tuesday,...

US Labor Market Slumps - Speculation Mounts Over Summer Rate Cut

An unexpected downturn in the US labor market in February is fueling speculation of a potential interest rate cut this summer. On balance, 92,000 non-farm jobs were lost, according to...

Stock Markets and Oil Prices Stabilize, Experts Remain Cautious

After two days of losses, stock markets rebounded on Wednesday. However, experts are urging caution in light of the ongoing war in the Middle East. By midday, the DAX and the EuroStoxx50 were both up...

Prices Already Rising Before Middle East War – How Long Will the ECB Rate Pause Last?

Prices in the eurozone were already on the rise before the outbreak of war in the Middle East, fueling speculation about higher key interest rates later this year. Goods and services became on average...

EURO / US DOLLAR (EUR/USD): The euro retreats sharply

Recent geopolitical developments are reshuffling the pack and giving the dollar some breathing room. Not because of US economic expansion , but above all as a defensive move. On the one hand,...

DAX Nears Record Highs as BASF Outlook Dampens Buying Mood

The DAX inched its way toward new record highs on Friday, advancing in small steps. Germany's benchmark index climbed as much as 0.5 percent to 25,405 points on Friday—just shy of its all-time...

Dax Edges Up Cautiously – No Euphoria After Nvidia Results

Despite Nvidia's impressive numbers, the Dax struggled to gain traction on Thursday. The German blue-chip index was barely in positive territory at 25,213 points, while the EuroStoxx50 set a fresh...

Russia plans to divert more oil revenues to budget reserve fund and cut spending

Russia plans to divert more oil revenues into the budget reserve fund, Finance Minister Anton Siluanov said on Wednesday, following President Vladimir Putin's overnight meeting with officials on how...

Ex-BOJ chief Kuroda calls for rate hikes, tighter fiscal policy

Japan must keep raising interest rates and tighten fiscal policy as the economy is already in great shape, former central bank chief Haruhiko Kuroda said, warning that Premier Sanae Takaichi's big...

In surprise move, Japan's government taps two reflationists for BOJ board

Japan's government on Wednesday nominated two academics seen by markets as strong advocates of economic stimulus to join the central bank's board, in moves seen reflecting the Takaichi...

Rupee ends flat, NDF maturity-linked dollar bids blunt modest inflows

The Indian rupee ended nearly flat on Wednesday as dollar demand spurred by maturing contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian...

Japan's services inflation steady, signals wage-driven price pressure

A leading indicator of Japan's services sector prices rose 2.6% in January from a year earlier, data showed on Wednesday, a sign rising wages from a tight labour market continued to pile inflationary...

ECB's Lagarde sticks with 'good place' mantra

Euro zone inflation and the European Central Bank's interest rate policy remain in a good place, ECB President Christine Lagarde said on Monday, repeating her long standing guidance, which signals...

Tariffs: how the White House tripped over its own feet

The White House loves to dramatise the stakes. But it is a double-edged strategy.

Global diesel flows further reshuffle on EU sanctions, discounted Russian exports, data shows 

U.S. diesel exports to Europe hit an all-time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in...

Winners and losers from Trump's new 15% global tariff

The U.S. Supreme Court annulment of President Donald Trump's reciprocal tariffs justified on national emergency grounds and Trump's subsequent move to impose a temporary 15% global tariff have thrown...

Fed's Waller: January jobs data an upside surprise, if it continues a policy pause may be appropriate

Federal Reserve Governor Christopher Waller said he was open to leaving interest rates on hold at the Fed's March meeting if upcoming February jobs data indicates the U.S. labor market had pivoted to...

EURO / US DOLLAR (EUR/USD): Without a pivot, no salvation

For several months, the market had been operating on a simple script: solid growth, easing inflation, two rate cuts starting in June. However, the PCE has now complicated that equation. While most...

EU delays 'Made in Europe' plan after disagreements over scope

The European Commission said on Monday it had delayed the announcement of a policy to prioritise industrial parts and products made in Europe by a week after disagreements over the geographic scope of...