“Fat Finger” Trade in Gold?
Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a “fat finger,” or erroneous order. Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise […]
CAC Gains as Italy Cleans House with Bank Bailouts
The CAC index has started the week with strong gains. In the Monday session, the index has gained 0.94% and is currently trading at 5313.30 points. It’s a quiet start to the week, with no eurozone or French numbers on the schedule. ECB President Mario Draghi will speak at the ECB Forum on Central Banking in Portugal. […]
JD Power Says US Auto Sales Likely to Fall in June
U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on Monday. LMC also cut its full-year 2017 forecast for new vehicle sales for the third consecutive month, […]
German Ifo Business Confidence At Record High
German business confidence strengthened to a record high in June, breaking last month’s record, as companies were more satisfied with their current situation amid improved outlook. The business confidence index rose unexpectedly to 115.1 in June from 1…
European Economics Preview: Germany Ifo Business Confidence Data Due
Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
UK Growth To Remain Anaemic: BCC
The UK growth over the next few years is forecast to remain anaemic, the British Chambers of Commerce said Monday. Nonetheless, in its Economic Forecast, the BCC upgraded its growth outlook for 2017 to 1.5 percent from 1.4 percent, citing strong global…
U.S. New Home Sales Rebound Amid Strength In West And South
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.
German PMIs Fall Short in June
Germany’s private-sector grew at a slower pace in June, a survey showed on Friday, mainly weighed down by weaker activity in the services sector, where the rate of expansion fell to a five-month low. Markit’s flash composite Purchasing Managers’ Index (PMI), which tracks the manufacturing and services sectors that account for more than two-thirds of […]
Eurozone Private Sector Growth Moderates In June
Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers’ survey by IHS Markit showed Friday. The c…
Can Rig Data Deal Another Blow to Oil?
US Data and Fed Officials Eyed as Slow Week Draws to a Close US equity markets are expected to open a little higher on Friday after three days of small losses, with the focus on an otherwise quiet day falling on the PMI data for June and comments from a few Federal Reserve officials. It’s […]