Major European indices rise to start the trading week The major European indices are ending the session higher as the new trading week begins. The provisional closes are showing: German DAX, +0.09% Francis CAC, +0.22% UK’s FTSE 100, +0.55% Spain’s Ibex, +0.77% Italy’s FTSE MIB, +0.65% Looking at the German Dax daily chart, the price
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National Commodity and Derivatives Exchange (NCDEX) on Monday launched two sectoral indices in agri-commodities basket namely NCDEX GUAREX and NCDEX SOYDEX. As the name suggests, GUAREX is a return based index tracking the price movement in the futures contracts of its guar seed and guar gum refined splits on a real-time basis. Similarly, SOYDEX will
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The Consumer Price Index rose by 1.94% in June in Turkey surpassing expectations; the annual rate reached 17.53%. Analysts at BBVA expect inflation to hover around 18.5% till November and end the year at near 16% with base effects. Key Quotes:  “Core inflation reflected the continuing exchange rate pass-thru impact and strengthening supply-side factors after
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Seventh record day in a row for the S&P index The S&P index and Dow industrial average are trading their high levels and are looking to both closed at record levels. For the S&P index, it would be the seventh consecutive record high close for the index.  For the NASDAQ, a new high be the second consecutive record close.   A snapshot
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Gold prices edged lower on Monday after hitting a two-week high in the previous session, weighed down by a slight uptick in the dollar, while investors awaited more US economic data for clues on the Federal Reserve‘s monetary policy plans. FUNDAMENTALSSpot gold was down 0.1% to $1,785.41 per ounce by 0037 GMT, after hitting its
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Important decisions will be made at this week’s RBA meeting. All monetary policy measures would remain unchanged. Yet, as indicated in June, policymakers would discuss on the format of QE purchases after completion of the current tranche in September, and the maturity of bonds in yield curve control. While the overall tone of the meeting
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The rising trend in Eurozone’s inflation may not be temporary, the European Central Bank (ECB) Governing Council member and Dutch central bank President Klaas Knot said in an interview published in NRC Handelsblad on Sunday. Key quotes “We should not over-estimate our ability to determine what is temporary inflation and what is not.” If that
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