International Markets

USD Lower Again as Week Drifts to a Close

Quiet Post-Thanksgiving Session Expected US investors return briefly from the Thanksgiving bank holiday on Friday, although the session is likely to be very quiet given the early market close and the lack of events on the calendar. In the past, this has been a very quiet day and I don’t expect th ...

DAX Gains Ground as German Business Climate Sparkles

The DAX index is showing limited movement in the Friday session. Currently, the DAX is at 13,043.50, up 0.27% on the day. On the release front, the week ended on a positive note, as German Ifo Business Climate improved to 117.5, above the estimate of 116.6 points. There are no other events on the ...

Tech Talk for Thursday November 23rd

Pre-opening Comments for Thursday November 23rd World equity markets were mixed this morning. U.S. equity markets are closed for the Thanksgiving holiday. S&P 500 500 futures were up 2 points. The Euro Stoxx 600 Index was unchanged. The Nikkei Average gained 0.48%. The Shanghai Composite Index plun ...

CAC Higher on Sharp French PMIs

The CAC continues to gain ground this week. Currently, the CAC is at 5386.15 up 0.62% on the day. On the release front, French numbers were sharp. Manufacturing PMI improved to 57.5, and Services PMI climbed to 60.0, as both indicators beat expectations. Later in the day, the ECB releases the min ...

DAX Yawns Despite Stellar German Manufacturing PMI

The DAX index is showing limited movement in the Thursday session. Currently, the DAX is at 13,001.00, down 0.10%. On the release front, German Final GDP accelerated to 0.8%, matching the forecast. German and Eurozone Manufacturing PMIs beat their estimates, with readings of 62.5 and 60.0, respect ...

Gobble Gobble – Dollar in Trouble

Thursday November 23: Five things the markets are talking about While investors believe the Fed will raise rates in December, many are trying to gauge how aggressively the central bank will tighten monetary policy next-year. Yesterday’s FOMC minutes showed that most Fed policy makers saw a near- ...

UK GDP Data Eyed as Growth Forecasts Take a Hit

Revised UK GDP Figures Eyed as OBR Lowers Forecasts The ONS will release second quarter GDP data for the UK this morning, which is expected to be unrevised from last month’s preliminary reading of 1.5%. If the OBR’s forecasts – as revealed by Chancellor Philip Hammond in yesterday’s Autumn ...

Subdued equity markets on Thanksgiving Holiday

By YOUKYUNG LEE, AP BUSINESS WRITER Asian stock markets were largely flat on Thursday with investors in the U.S. markets going on a Thanksgiving holiday and the Fed minutes largely in line with investor expectations that the Fed will soon raise interest rates for a third time next month. Japa ...

CAC Rally Continues, French Mfg., Services PMIs Next

The CAC continues to gain ground this week. Currently, the CAC is at 5383.45 up 0.32% on the day. The index has posted three consecutive winning sessions, gaining 1.3% in that time. On the release front, the sole eurozone indicator is Consumer Confidence, which is expected to remain unchanged at ...

DAX Rally Pauses After Hot Start to Week

The DAX index has posted strong gains this week, but is subdued on Wednesday. Currently, the DAX is at 13,162.50, down 0.02% on the day. The DAX has started the week in fine form, up 1.8 percent. On the release front, the sole eurozone indicator is Consumer Confidence, which is expected to remain ...