Economic Data

Why it might be time to pull back on European stocks

Investors are often guilty of thinking things can only get better yet there appears to be little room left for European stocks to improve, according to a strategist at Deutsche Bank. “If everything is as good as it gets then you have to position yourself for a softening,” Sebastian Raedler, European equities analyst at Deutsche Bank, told CNBC on Friday. ...

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Sterling slips after dovish Bank of England

Sterling sank by almost one percent against both the US Dollar and the Euro on Thursday afternoon after the Bank of England left interest rates unchanged and revised downwards both its growth and inflation forecasts (Figure 1). A s we and indeed the majority of the market had anticipated, Ian McCafferty and Michael Saunders remained the two sole dissenters ...

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Dollar wallows near 15-month lows as U.S. jobs report eyed

LONDON (Reuters) – The dollar struggled near its lowest since May 2016 against a basket of currencies on Friday in the wake of weak U.S. data, as traders awaited the key non-farm payrolls report due later in the session for potential relief. The ailing greenback has come under pressure this week from fresh political turmoil in Washington, as well as ...

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Bide time as investors digest bearish China, U.S. economic data

(Updates prices) By James Regan SYDNEY, Aug 4 (Reuters) – Base metals mostly traded flat as investors digested bearish Chinese and U.S. economic data and awaited monthly U.S. nonfarm payrolls data due out later on Friday. The U.S. Institute of Supply Management manufacturing index fell more than expected overnight, while growth in China’s services sector slowed in July, according to ...

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Economic data coming up in the European session 4 Aug

Economic data coming up in this session 4 Aug Greetings one and all. It’s Friday again. Hurrah! A bit of work to do yet though before we can think about putting our feet up, and for me putting my typing fingers into an ice bath. Data/event wise today it’s the NFPs very much in focus later with only German factory orders of note ...

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A review of this week’s economic data

CORELOGIC CAPITAL CITY HOUSE PRICES Home prices fell in most Australian major capital cities in the week ending July 30, while auction clearance rates improved slightly, auction data from property analytics firm CoreLogic showed. Adelaide’s home prices rose 0.3 per cent, while prices fell 0.3 per cent in Sydney, 0.1 per cent in Melbourne, 0.7 per cent in Brisbane and ...

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Asia tentative, dollar languishes on US politics, mixed data

SINGAPORE: Asian stocks struggled on Friday after a technology-led drop on Wall Street, while US Treasury yields and the dollar remained under pressure on signs that probes into possible Russian interference in the 2016 US elections are gathering pace. MSCI’s broadest index of Asia-Pacific shares outside Japan was marginally higher, with many investors reluctant to stake out fresh positions ahead ...

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