Prior 51.4 Composite PMI 50.0 vs 49.7 prelim Prior 49.6 The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that employment conditions are also seen worsening. The latter is seeing its
The dollar continues to hold higher across the board but not really pushing further upside in European morning trade. USD/JPY is up 1.5% to 153.95 with the earlier high touching 154.37. Meanwhile, EUR/USD is seen down 1.5% to 1.0765 but well off lows of 1.0702 when Trump was more or less a shoo-in to win
Construction PMI 54.3 vs 55.5 expected and 57.2 prior. Key findings: Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The construction sector signalled another month of solid output growth in October, despite
The NYT projection has Republicans with 194 seats and Democrats with 173 seats at the moment. And among the key ‘competitive’ districts here, there are still 45 left to officially report. That said, some of the votes are likely to be called imminently. So, let’s take a look at some important details that have surfaced
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
US Treasury 10-year yields (%) daily chart That is the highest level in four months and carries on from the surging run since October. And this is in part fueling the dollar gains on the day with EUR/USD now down nearly 2% at 1.0715 and USD/JPY up 1.7% to 154.15 currently. Trump’s domestic policies are
Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S.
Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S.
Gold December futures contracts at MCX opened flat today at Rs 78,235 per 10 gram, which is down by 0.24% or Rs 187 while silver December futures contracts were trading at Rs 94,092/kg, down by 0.2% or Rs 192. Gold prices fell by Rs 1,000/ 10 grams in the last one week while silver prices
Gold December futures contracts at MCX opened flat today at Rs 78,235 per 10 gram, which is down by 0.24% or Rs 187 while silver December futures contracts were trading at Rs 94,092/kg, down by 0.2% or Rs 192. Gold prices fell by Rs 1,000/ 10 grams in the last one week while silver prices
ETMarkets.com| Nov 05, 2024, 03:52:15 PM IST 1/6 Trend Turn Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Tuesday’s trading session, five stocks
ETMarkets.com| Nov 05, 2024, 03:52:15 PM IST 1/6 Trend Turn Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Tuesday’s trading session, five stocks
Yen recovers broadly today after BoJ left interest rates unchanged, and largely maintained the economic projections unchanged too. The direction of monetary policy remains clear as the next move is a hike if the outlook is realized. Yet, BoJ dropped no clue on the timing. Data from Japan were mixed, with stronger industrial production and
ETMarkets.com| Nov 05, 2024, 06:16:10 PM IST 1/6 Shift in Sentiment Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ETMarkets.com 2/6 Escorts
Written by , ETMarkets.com| Nov 05, 2024, 05:57:14 PM IST 1/6 Market Roundup Indian stock market rebounded after opening in the red on Tuesday. The S&P BSE Sensex rose nearly 700 points while the Nifty50 reclaimed 24,200 levels. Getty Images 2/6 Sectoral Watch Sectorally, buying was seen in auto, telecom, oil & gas, banks and metal
Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary
Written by , ETMarkets.com| Nov 05, 2024, 06:56:40 PM IST 1/7 On A High! On Tuesday, the Sensex surged by 694 points, closing at 79,477. During this upward move, six stocks from the BSE 500 index hit their 52-week highs. A 52-week high represents the highest price a stock has achieved in the past year, offering