UK100 Pulls Back from Key Tech after the BoE Hold Boost
The UK index extended it gains on Thursday as the Bank of England held rates for second straight meeting, but eases today after hitting key technical levels
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The UK index extended it gains on Thursday as the Bank of England held rates for second straight meeting, but eases today after hitting key technical levels
Less than a month after the Bank of England had paused its tightening cycle, emboldened by progress on price pressures, today’s data showed that inflation is sticky, keeping further tightening in play
The DAX is benefitting from the pullback in yields, as a risk-on sentiment tries to take hold. To this end, FXCM’s GER30 is showing signs of positivity.
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
The European Central Bank hiked rates for tenth straight time on Thursday, but the language was dovish indicating the that the terminal rates may have been reached, helping the German index
The European Union plans to initiate an inquiry into the subsidies that China offers its electric vehicle manufacturers.
On Sunday, at the IAAA Mobility auto show in Munich, Mercedes-Benz introduced a new electric-sedan concept vehicle. Branded as CLA Class, the concept vehicle has a range of more than 466 miles, based on global industry standards. This is competitive and is superior to Tesla’s Model 3 long range version, which has a range of 391 miles on the same measure.
The pair hit new 2023 lows after poor preliminary PMIs from Europe, but the subsequent UK prints sent it higher, as markets contemplate their impact on monetary policy outlook
The Italian luxury sports car maker is having a great year and its stock (RACE.it) hit record highs in July, but retreats in the current quarter, despite strong results and guidance
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