Europes Main Energy Stocks Index Hits Highest since 2008

April 12 Reuters The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday. The STOXX Europe 600 Oil Gas index rose around 2.7, led by increases for BP, Repsol, Shell, Aker BP and Equinor among others. It39;s still all about the […]
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Gold Firms as Middle East Conflict Buoys SafeHaven Appeal

Bullion hit alltime high of 2,431.29 per ounce on Friday Fed39;s Collins eyes about two rate cuts this year April 15 Reuters Gold consolidated gains on Monday, hovering near recordhigh levels hit in the previous session, as traders kept a close eye on developments surrounding the Middle East conflict, prompting safehaven buying of assets such […]
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French Inflation Confirmed at 2.4 in March

April 12 Reuters Consumer prices in France, rose 2.4 year on year in March, statistics office INSEE said on Friday, confirming preliminary data. Inflation in March was caused mainly by a seasonal increase in manufactured goods prices and a slight increase in tobacco prices, INSEE reported. Preliminary data had shown France39;s EUharmonised inflation figure standing […]
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ECB Steady Interest Rates and Cuts Soon, U.S. PPI Lower with Core Figure as Expected, Stocks to Upside, Euro Weakens, Dollar Strengthens, Crude Oil Retreats

Previous Trading Days Events 11.04.2024 The European Central Bank ECB kept interest rates at record highs yesterday but gave a clear signal that it may be preparing to proceed with cuts as inflation is heading towards the target level. The central bank kept its deposit rate at 4.0, where it has been since September. But, […]
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