Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Spain Harmonized Index of Consumer Prices (MoM) came in at 0%, above expectations (-0.1%) in July
Spain Harmonized Index of Consumer Prices (MoM) came in at 0%, above expectations (-0.1%) in July
Spain Consumer Price Index (YoY) came in at 3.6%, above expectations (3.5%) in July
Spain Consumer Price Index (YoY) came in at 3.6%, above expectations (3.5%) in July
Spain Consumer Price Index (MoM) registered at 0.3% above expectations (0.2%) in July
Spain Consumer Price Index (MoM) registered at 0.3% above expectations (0.2%) in July
Spain Harmonized Index of Consumer Prices (YoY) came in at 3.9%, above expectations (3.8%) in July
Spain Harmonized Index of Consumer Prices (YoY) came in at 3.9%, above expectations (3.8%) in July
Equities: AI rally and CPI relief lift US stocks – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 closed just below its record high as US CPI data reduced urgency for further Federal Reserve hikes. Front-end Treasuries rallied and semiconductor strength supported equities, while volatility fell to its lowest level since January.
Euro holds gains against British Pound as UK GDP slows in Q2
The EUR/GBP cross holds positive ground near 0.8540 during the early European trading hours on Thursday. The British Pound (GBP) remains weak against the Euro (EUR) following the UK economic data.
Indian Rupee: Contained inflation supports RBI pause – Commerzbank
Commerzbank’s FX team notes India’s July CPI rose slightly to 4.5% year-on-year but stayed within the Reserve Bank of India’s target band, with core inflation steady at 3.9%.
United Kingdom Gross Domestic Product (QoQ) in line with forecasts (0.4%) in 2Q
United Kingdom Gross Domestic Product (QoQ) in line with forecasts (0.4%) in 2Q
British Pound drifts away from 1.3500 as UK GDP slows down and Industrial Production falls
The British Pound (GBP) treads water against the US Dollar (USD), trading practically flat, a few pips below the 1.3500 level on Thursday's early London session.
Switzerland Producer and Import Prices (YoY): -2.1% (July)
Switzerland Producer and Import Prices (YoY): -2.1% (July)
Switzerland Producer and Import Prices (MoM) came in at -0.1% below forecasts (0.2%) in July
Switzerland Producer and Import Prices (MoM) came in at -0.1% below forecasts (0.2%) in July
Euro: Range phase after failed upside break against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing to 1.1524.
British Pound attracts bids against Japanese Yen after UK Q2 GDP data
The British Pound (GBP) attracts slight bids against the Japanese Yen (JPY) during the European trading session on Wednesday, following the release of the preliminary United Kingdom (UK) Q2 Gross Domestic Product (GDP) data.