Euro gains little as ZEW sentiment falls short of forecast Economic sentiment in the ZEW survey fell well short of forecast, and EUR/USD ended Tuesday about where it ended Friday, just under 1.1250. It rose from about 1.1200 to just above 1.1250, the fifth time this month
Despite weakening industrial activity and high energy costs, European electricity demand is bucking years of flailing power consumption. Rising electrification rates and the data center boom are the key drivers of this new trend in Europe’s power demand, which is set to ga
Pound climbs to a five-week high on UK jobs and BoE talk A rise in the UK's Bank Rate on November 5 got more backing from Tuesday's jobs data, and GBP/USD climbed to its highest since mid-September. It rose from about 1.3300 to just above 1.3400, and it ended just under th
Alcon has acquired privately held Neurotech Pharmaceuticals, providing it ownership of Encelto (revakinagene taroretcel). - The Swiss eye care company paid $550M and may have to pay contingent payments, such as for commercial milestones. - Encelto, an encapsulated cell therapy,...</strong
Chinese Yuan: Policy-rate tweak leaves appreciation view intact – Commerzbank Commerzbank’s Volkmar Baur explains that the PBoC will shift its operational policy rate from the 7‑day to the overnight reverse repo, aligning with actual money‑market usage and previously signaled...<
Norway’s oil and gas production declined sharply in September, with natural gas output falling 12.6% from August, according to preliminary figures released Tuesday by the Norwegian Offshore Directorate (NOD). Total petroleum production averaged approximately 3.77 million b
European Central Bank: Core inflation pressures and rate path – Commerzbank Commerzbank’s Dr. Vincent Stamer analyzes Euro area inflation, highlighting that high energy costs are already feeding into goods and services prices The bank’s Quant Model projects headline
British Pound: Bullish flag points to range highs against US Dollar – Scotiabank Scotiabank strategists Shaun Osborne and Eric Theoret see the British Pound (GBP) supported by stronger-than-expected UK labour data. Unemployment fell to 4.7% versus 4.9% expected, while earn
As London/European traders head for the exits, the major European indices are closing mostly lower. Spain’s Ibex is the exception, while France’s CAC leads the declines The closing levels show: Germany’s DAX: down 13.02 points, or 0.05%, at 25,306.76. France’s CAC:
Dollar Index drops on Iran deal report, steadies on denial Reports that Washington and Tehran have both given preliminary approval to a Qatar and Pakistan compromise have pushed the Dollar Index to its lowest since October 1. It fell from near 101.75 to about 101.65 on the
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