The European Central Bank will very likely make its third interest rate cut of the year next week as inflation is coming under control, an ECB governing council member said Wednesday. The odds of a rate cut at the ECB's October 17 meeting rose after eurozone infl

The dollar struggled for direction on Tuesday with little fresh news to push direction ahead of US consumer price inflation figures on Thursday. Brown Brothers Harriman said: "The dollar recovery is taking a breather," with "little in the way of fresh

The dollar climbed on Friday as a strong US jobs report dashed hopes the Federal Reserve will enact another bumper 50 basis points interest rate cut. According to the Bureau of Labor Statistics, nonfarm payroll employment increased by 254,000 in September, markedly a

Sterling fell on Thursday after the Bank of England Governor Andrew Bailey suggested the central bank could become "more activist" in cutting interest rates. In a wide-ranging interview with the Guardian newspaper, Bailey held out the prospect of the BoE be

The market is now moving to price in a second consecutive rate cut from the European Central Bank this month, after Tuesday's data showed a faster-than expected slowdown in inflation. According to Eurostat's flash estimate, harmonised consumer prices rose 1.8

UK's economic growth was weaker than initially anticipated, data published by the Office for National Statistics showed Monday. UK's gross domestic product expanded by 0.5% in the second quarter compared to the first, slower than the ONS's first estimate

The yen surged following results from Japan's ruling party's leadership election, while the dollar surrendered some ground after a key US gauge showed inflation pressure eased in August. Against the dollar, the euro picked up to USD1.1195 on Friday afternoon

Gold soared to fresh record high on Thursday, fuelled in part by hopes of interest rate cut in the US and geopolitical tensions, while oil sank on supply concerns. Spot gold rose to USD2,678.22 an ounce around 1200 BST on Thursday from USD2,655.95 an ounce on Wednesd

The dollar was mixed on Wednesday while the euro bounced, after recent weakness after soft data, on a quieter day for forex markets. Against the dollar, the pound was flat at USD1.3381 on Wednesday from USD1.3383 on Tuesday afternoon. Against the dollar, the euro ros

The pound gained ground on Tuesday as the governor of the Bank of England hinted at a slower pace of interest rate cuts ahead, while the euro was mixed after more downbeat data. Versus the euro, the pound rose to EUR1.2015 on Tuesday afternoon from EUR1.1975 at the s

The euro lost ground against the pound and the dollar after soft purchasing managers' index data boosted odds of rate cuts by the European Central Bank. Versus the euro, the pound rose to EUR1.1975 on Monday afternoon from EUR1.1914 at the same time on Friday. Ag

The US Federal Reserve on Wednesday lowered interest rates by 50 basis points, its first cut since 2020, opting against a smaller cut favoured by some in the market. The central bank reduced the federal funds rate to 4.75%-5.00% from 5.25%-5.50%, where it has been si

The dollar was little moved against most European currencies, but rallied against the yen, as investors await a finely balanced interest rate call from the US Federal Reserve. "This is one of the most uncertain Fed outcomes in recent memory; Chair Powell's p

The greenback stabilised on Tuesday, as markets continued to favour a jumbo US rate cut on Wednesday, while the Canadian dollar sagged after soft inflation figures. Against the dollar, the pound rose to USD1.3207 on Tuesday from USD1.3193 early Monday afternoon. The

The dollar's recent retreat continued on Monday, hitting its lowest level against the yen since July 2023, ahead of a busy week of central bank meetings. Versus the yen, the dollar fell to JPY140.31 early afternoon Monday UK time from JPY140.79 on Friday. The gre

Gold hit another record high on Friday, and a push to the USD2,600 an ounce mark could be its next move, as buyers pile into the precious metal in the face of a tamer dollar. Gold, which typically has an inverse relationship with the greenback, traded as high as USD2

The euro edged slightly higher after the European Central Bank lowered rates but revealed little on what it does next, while the dollar was mixed after a mixed producer price index reading. The Frankfurt-based official lender trimmed its key deposit rate by 25 basis

The dollar traded mostly higher after a US inflation reading that was softer-than-expected, though not tame enough for the Federal Reserve to consider a 50 basis point interest rate cut next week. The reading appeared to cement expectations of a 25 basis point. Accor

The dollar traded mixed on Tuesday, while the pound returned gains it made in the wake of UK jobless data. A US presidential debate later, and then an inflation reading on Wednesday, will provide the dollar with some direction as the week progresses, analysts expect.

The dollar was markedly stronger at the start of the week, while the euro was among the major currencies to lose out against the greenback, ahead of the latest European Central Bank decision. The dollar initially dipped following Friday's tepid US jobs report, bu

At the start of the week, Eurozone government bond yields are on the rise. The yield on Italy’s 10-year BTP benchmark  increased to 3.81%, up from Friday’s close of 3.69%. Core Eurozone countries also saw their bond yields climb, with Germany’s

In the currency markets, the euro/dollar exchange rate remains relatively stable at 1.106, mirroring the close from last Friday. Energy markets are seeing renewed activity with oil prices on the rise; the October futures for WTI crude are nearing $74 per barrel, while t

In today's trading session at Piazza Affari, the banking sector has emerged as a strong performer, with notable gains from Bper Banca (+1.26%), Unicredit (+1.04%), and Banca Popolare di Sondrio (+0.93%). These gains are a bright spot in an otherwise mixed market, re

European stock markets opened the first session of September with a decline, marking a cautious start after four consecutive months of global equity gains. Investor sentiment is being dampened by troubling news from China’s real estate sector, where efforts by the

In a development that adds a new layer of complexity to the already tense situation in Gaza, unidentified bodies have been discovered in the region. The discovery has sparked intense scrutiny as authorities work to determine the identities of the deceased and the circum

Oil prices are under pressure, reflecting growing concerns about a slowing Chinese economy and signals that OPEC+ may ramp up production starting in October. Brent crude, the international benchmark, has fallen by 0.82%, settling at $76.30 per barrel, while West Texas I

European stock markets are set for a cautious start on this first trading day of September, as investors adopt a wait-and-see approach amid ongoing uncertainty. The closure of Wall Street for Labor Day has left European exchanges without a clear direction, contributing

The dollar strengthened across the board on Friday as traders scaled back the likelihood of a half-point rate cut, after data pointed to robust US consumer spending. The Bureau of Economic Analysis said the core US personal consumption index - the Federal Reserve'

Yesterday, global stock markets experienced a remarkable session, with several key indices reaching new all-time highs. Among these, the DAX in Germany and the Dow Jones in the United States particularly stood out, marking a moment of significant confidence and optimism

Investors face new challenges as Nvidia accelerates in AI, navigating systemic risks and ambitious projects. The Atlanta Federal Reserve maintains caution, while the oil market shows signs of stability. Focus on bond yields and dollar valuation in a complex global econo

Recent polling data has sparked significant interest in the political landscape as Vice President Kamala Harris has notably widened her lead over former President Donald Trump, particularly gaining momentum among women and Hispanic voters. This shift suggests a changing

August 29, 2024 – Oil prices have seen a slight uptick today, driven by escalating tensions in the West Bank. The price of West Texas Intermediate (WTI) crude rose by 0.34%, reaching $74.77 per barrel, while Brent crude increased by 0.28%, trading at $77.80 per ba

Rome, August 29, 2024 – The Italian Ministry of Economy and Finance is poised to offer a substantial amount of Treasury Bonds (BTP) in a medium- to long-term auction that could prove pivotal for the country's financial markets. The total offering will reach up

Brussels, August 29, 2024 - The euro has declined by 0.42%, dropping to 1.113 dollars as markets anxiously await a series of crucial macroeconomic data releases. Among the most anticipated are Germany's inflation figures, the Eurozone’s economic confidence ind

San Francisco, August 29, 2024 - Nvidia continues to ride the wave of the artificial intelligence boom, reporting stellar financial results for the second quarter of its fiscal year. The company closed the quarter with revenues soaring to $30 billion, surpassing analyst

New York, August 29, 2024 - The New York Stock Exchange closed today's session with a slight decline, marking a turning point after three consecutive days of gains. The Dow Jones Industrial Average fell by 0.39%, breaking the recent positive streak that had sparked

The dollar was largely on the up on Wednesday, mounting somewhat of a recovery, after tumbling due to US interest rate cut expectations. Federal Reserve Chair Jerome Powell set the stage for an interest rate cut. His words at a central banking conference shifted the

Super Micro Computer has announced a delay in filing its annual financial report, raising significant concerns among investors and market analysts. The company attributed the postponement to the need for additional time to finalize its financial statements, but the dela

The conflict between Israel and Hamas has escalated dramatically as Israeli forces launched widespread airstrikes across Gaza and advanced tanks into the central area of Khan Younis. This aggressive military action follows a series of rocket attacks from Gaza, marking a

Wall Street opened cautiously as investors anxiously await Nvidia’s earnings report, now seen as a crucial indicator for the semiconductor sector and the broader AI industry. This comes after two consecutive record highs for the Dow Jones, fueled by increasing opt

The Toronto Stock Exchange (TSX) experienced a downturn, driven by a decline in commodity-linked stocks, particularly in the oil and metals sectors. This drop added pressure to the broader market, reflecting the vulnerability of the Canadian market, which is heavily rel

Vice President Kamala Harris, joined by Minnesota Governor Tim Walz, has launched a strategic bus tour in Georgia, a key battleground state, as part of the Democratic Party's broader campaign efforts ahead of the 2024 elections. This initiative is a critical part of

In a significant cybersecurity breach, Chinese hackers have reportedly infiltrated several major U.S. internet firms by exploiting vulnerabilities in software provided by a tech startup. This attack, linked to a broader Chinese espionage campaign, has raised serious ala

ENI has announced a significant buyback operation, acquiring more than 39.5 million of its own shares for a total value of approximately €581 million. This strategic move is part of a broader plan to optimize the company’s capital structure and enhance shareh

Hong Kong real estate developers are strategically shifting their focus toward the rental market, driven by an anticipated surge in demand from Chinese consumers. This move comes as the traditional property market faces a slowdown, prompting developers to explore altern

Warren Buffett has once again made headlines by selling a significant portion of his Bank of America (BofA) shares, earning approximately $982 million. This move is part of a broader strategy that Buffett has been executing over recent months, where he has steadily redu

Gold prices have edged lower, pressured by a strengthening U.S. dollar, as global markets await the release of critical U.S. inflation data. The strengthening dollar, which tends to make gold less attractive for international buyers, has led to a pullback in the preciou

Silicon Valley's influential backers are intensifying their calls for Vice President Kamala Harris to prioritize two pivotal issues: the protection of abortion rights and the advancement of pro-technology policies. As the 2024 elections approach, these tech leaders

The United Nations World Food Program (WFP) has launched an internal investigation into its operations in Sudan amidst growing concerns of widespread food aid misappropriation. This probe comes at a critical time when the region is grappling with severe famine, exacerba

The Milan Stock Exchange opened with cautious optimism, recording a modest gain of 0.15%. Hera and Leonardo emerged as top performers, benefiting from strong fundamentals and positive investor sentiment. However, Tenaris faced downward pressure, reflecting concerns with