Global News

HKG33 extends its losses and tests pivotal technical levels after today’s data showed that China deflationary risks have not gone away, amidst broader uneven recovery

The pair drops as another strong US jobs report strengthens the Fed’s higher-for-longer stance, while election woes take hold in Europe after France snap elections

The ECB slashed rates for the first time in nearly five years, but adopted a cautious stance around future moves, creating some pressure for the German index

The tech-heavy index reached new all-time highs, helped by Nvidia’s rise after the announcement of new Artificial Intelligence chips

OPEC+ prolonged most of its output curbs that have supported prices, but USOil drops as the group will begin phasing some of them from the fourth quarter

The pair comes from its first profitable month of the year, but now looks to Thursday’s pivotal ECB decision, as the central bank could slash rates after ten hikes

The oil producing group of counties decided on Sunday to extend most of its output reductions, although some of them will be phased out, starting in the fourth quarter

The Japanese index tries to stop the pullback from its record peak, but the BoJ pivot from the ultra-loose setting could fuel further weakness

The pair dropped to the lowest since August 2022, as the ECB is widely expected to cut rates next week, whereas the case for a BoE June pivot has become harder

The index pulls back from its recent record highs and tests key technical levels, amidst uncertainty around the central bank’s rate path and July’s general election

The pair has made a strong start to the week, but monetary policy dynamics are unfavorable, while markets brace for incoming inflation reports from both sides of the Atlantic