UoM Decrease in Consumer Sentiment and Increase of Inflation Expectations, Commodities Drop Sharply before Weekend, USD Strengthened Further

Previous Trading Days Events 12.04.2024 The University of Michigans preliminary reading on the overall Consumer Sentiment index was reported low, at 77.9 this month, compared to a final reading of 79.4 in March. Inflation expectations for the next 12 months and beyond increased as a survey showed on Friday. Overall, consumers are reserving judgment about […]
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Sterling Rebounds from FiveMonth Low, Eyes on Data

LONDON, April 15 Reuters The British pound rebounded on Monday from its biggest weekly fall against the dollar since July, bouncing from a fivemonth low hit on Friday as markets prepare for a dataheavy week that could influence Bank of England policy in the coming months. Labour market data on Tuesday and inflation figures on […]
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Japans Yen Falls to Lowest since 1990, DollarYen Up 0.6

April 15 Reuters The yen weakened on Monday, pushing the dollar to its highest against the Japanese currency since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen. The decline in the yen comes amid a broadly stronger dollar underpinned by economic data that has […]
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London Stocks Tepid amid Middle East Unrest

FTSE 100 down 0.5, FTSE 250 adds 0.1 PageGroup39;s quarterly profit slumps, shares down Ashmore39;s shares fall on worse than expected outflows Inchcape rises on 431 mln sale of UK retail operations April 15 Reuters The UK39;s FTSE 100 moved lower on Monday as escalating tensions in the Middle East caused market participants to tread […]
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Europe Stocks Edge Up amid Geopolitical Tensions; Temenos Soars

Ageas rises on acquisition agreement with China39;s Fosun Group Adidas gains on Morgan Stanley39;s double upgrade German manufacturers near prepandemic material availability, says Ifo STOXX 600 up 0.3 April 15 Reuters European shares inched up on Monday, with caution around Middle East tensions at the fore, while Temenos was on course for its best day […]
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Indias Wholesale Prices Rise at Fastest Pace in 3 Months

NEW DELHI, April 15 Reuters India39;s wholesale pricebased inflation in March rose 0.53, its highest level in three months, mainly driven by food and primary articles, government data showed. That slightly outpaced the 0.51 rise expected by economists polled by Reuters and increased from a 0.20 yearonyear rise in February. Food prices rose 4.65 year on […]
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