Euro Zone Business Activity Expands at Fastest Rate in Year

BENGALURU, June 5 Reuters Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc39;s dominant services industry outpaced contraction in manufacturing, according to a private survey, which also showed price pressures easing. HCOB39;s composite Purchasing Managers39; Index PMI for the currency union, compiled by SP Global […]
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Swiss CPI increased, JOLTS job openings lower in April, JPY appreciated heavily, U.S. Dollar stable, Crude oil and Gold remain lower, U.S. stocks jumped

Previous Trading Days Events 04.06.2024 U.S. job openings fell more than expected in April. Labour market conditions soften in a manner that could help the Federal Reserves fight against inflation. Job openings were down 296,000 to 8.059 million on the last day of April, the lowest level since February 2021. Federal Reserve officials next week […]
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China Exchanges Mull Withholding Certain Data from Quant Funds, Sources

SHANGHAI, June 5 Reuters The Shanghai and Shenzhen stock exchanges are considering suspending certain valueadded market data feeds to institutions such as computerdriven quant funds, two sources said in an effort by Chinese regulators to tighten scrutiny of a sector blamed for contributing to market volatility. The bourses may suspend providing granular transaction details including […]
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Unwinding of Hugely Popular Currency Trade Rocks Markets

LONDON, June 5 Reuters A sharp drop in Mexico39;s currency after a landslide election result has shaken foreign exchange markets as far as Hungary and Turkey this week, leaving investors asking whether the unwinding of hugely popular carry trades will continue. A carry trade involves investors borrowing in currencies that have low interest rates, such […]
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C Hits TwoWeek Low as Investors Expect more Rate Cuts

Canadian dollar weakens 0.2 against the greenback Touches its weakest since May 23 at 1.3741 BoC cuts its policy rate by 25 basis points 10year yield falls to near 3month low TORONTO, June 5 Reuters The Canadian dollar weakened to a near twoweek low against its U.S. counterpart on Wednesday as investors bet the Bank […]
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Indias SpiceJet Plans to Raise 250 mln, Chairman says

NEW DELHI, June 5 Reuters Indian lowcost carrier Spicejet plans to raise 250 million in the next two months in a new funding round, Chairman Ajay Singh told the CAPA India Aviation Summit on Wednesday. SpiceJet had announced three fundraises in 2023 to help clear unpaid dues and restore its fleet as it looked to return to full […]
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