GER30 Under Renewed Pressure as Industrial Production Falls
The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
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The German index started the week on the front foot, but plunged yesterday as market sentiment soured, extending losses today as industrial production drops
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
The central bank delivered its fourth interest rate increase in a row, in order to combat surging inflation and sees more hikes ahead
The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US
The US Federal Reserve hiked interest rates by 50 basis points as expected on Wednesday, which was the biggest increase since 2000 and the dot-com bubble
The Reserve Bank of Australia (RBA) increased interest rates by 25 basis points today, delivering the first hike since November 2010, in a backdrop of surging inflation
The week of April 25-29, is probably the busiest one of this earnings season, as we had a slew of high-profile companies reporting their results, including the rest of the FAANGs - Facebook (Meta), Apple, Amazon, Alphabet (Google)
The retail and tech giant reported poor results on Thursday after market close and posted its first net loss in seven years, weighed by its stake in EV maker Rivian
Facebook parent company, Meta, released mostly mediocre Q1 results after market close on Wednesday, but there were some bright spots that lift the stock
Gold covers earlier losses during the European session, in a backdrop of heightened Western-Russian tensions and persistent USD strength
The pair jumped to fresh twenty year highs today, after the Bank of Japan stayed dovish, running its eight straight profitable week
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