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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 […]
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. […]
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 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…
Welcome to the easyMarkets weekly outlook starting this Monday 26 May. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Event: US Durable Goods Order (May) Date: Monday 26…
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Officials last week gathered at the European Commission headquarters in Brussels for the start of Brexit negotiations, which will soon set the terms of the UK’s divorce from the European Union. Brexit talks will focus on trade, legal,…
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Dollar Falls as Rate Expectations Fall Today in our fundamental analysis: today is a very quiet one in terms of data releases. It has been a calm session in global financial markets this morning. Asian stock markets have…
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Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
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…
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.