The Eurozone factory output soared to a record high in May as operating conditions improved during the month, according to IHS Markit. The headline PMI climbed to 63.1, the highest reading in the survey history data dating back to June 1997.This compares with 62.9 in April, and marks the 11th straight month of expansion after falling above the 50.0 threshold that separates … [Read more...] about Eurozone Output Expands For 11th Straight Quarter to Carve Record High
Forex News
Switzerland’s GDP Shrank 0.5% in the First Quarter
The Swiss economy fell back to negative territory in the first quarter as tightened restrictions impacted growth, the federal statistical office reported. First-quarter GDP stood at -0.5%, after two consecutive quarters of growth. This compares with -6.8% the same quarter in 2020.The biggest decline was recorded in accommodation and food services which fell 30.4% as … [Read more...] about Switzerland’s GDP Shrank 0.5% in the First Quarter
Investors Can Still Take Part in the Anticipated Gold Rally – Analyst
Gold is expected to carve fresh highs this year on the back of the inflation uptick, “Fat Prophets” analyst told CNBC. Fat Prophets Resources Analyst David Lennox is betting on gold as a surge in prices usually comes with higher inflation readings.Should prices surge, Lennox urged investors to look into gold exchange-traded funds to score one-on-one price movement without … [Read more...] about Investors Can Still Take Part in the Anticipated Gold Rally – Analyst
Trading Setup in NZD Amidst Broad Sentiment Uncertainty
Markets aren’t fascinating these days. Although major stock indices closed positive last week, many still haven’t fully recovered from a current correction. Currencies have also been mixed in terms of risk sentiment. US dollar tried to recover in the second part of the week, contributing to the ranging market’s state. Speaking of the greenback, let’s look at what’s … [Read more...] about Trading Setup in NZD Amidst Broad Sentiment Uncertainty
Global Stocks Down on Inflation Woes
Most of the global stock markets posted declines on Monday due to inflation and economic recovery concerns, while the United States markets were closed for Memorial Day, and the United Kingdom went on bank holiday. Germany's DAX index fell 0.2%, weighed down by Deutsche Bank which slid 1.6%. The Federal Reserve reportedly flagged the bank for its failure to step up in … [Read more...] about Global Stocks Down on Inflation Woes
