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US Targets Sanctions-evasion Network Of Russian Oligarch
The United States is designating one Russian individual and three Russia-based companies involved in an attempted sanctions evasion network of Russian oligarch Oleg Vladimirovich Deripaska. He was previously sanctioned by the United States, Australia, Canada, the European Union, New Zealand, and the
Markets Muted Despite A Softer CPI Outlook
Market mood remained one of cautious optimism ahead of the much-awaited CPI data release for April from the U.S. Year-on-year CPI readings are seen declining in the month of April. The retail sales reading due on Wednesday morning is also seen declining in April. Wall Street Futures are close to the
European Shares Mostly Higher After GDP Data
European stocks were mostly higher on Wednesday as investors digested a slew of mixed earnings reports and looked ahead to the release of U.S. CPI report later in the day for directional cues. Meanwhile, the euro area economy recovered as estimated in the first quarter after contracting for two stra
FTSE 100 Modestly Higher On Fed Rate Cut Hopes
U.K. stocks were seeing modest gains on Wednesday amid hopes that the U.S. Federal Reserve is on track to start cutting interest rates later this year. The benchmark FTSE 100 was up 29 points, or 0.3 percent, at 8,457 after closing 0.2 percent higher on Tuesday. Credit data firm Experian soared near
CAC 40 Marginally Higher After Inflation Data
French stocks were marginally higher in cautious trade on Wednesday after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer price data for April surprised on the upside, traders looked
DAX Climbs On Earnings
German stocks traded higher on Wednesday as investors cheered mostly positive earnings results and awaited key U.S. CPI data later in the day for additional clues on the Fed's rate trajectory. The benchmark DAX was up 93 points, or half a percent, at 18,809 after declining 0.1 percent in the previou
U.S. Dollar Falls, U.S. Inflation Report In Focus
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday, as traders await the release of key U.S. CPI data along with other reports on U.S. retail sales and homebuilder confidence which is likely to influence the U.S. Federal Reserve's near-term policy path. Economi
Poland Economy Rebounds In Q1; Inflation Rises As Estimated
The Polish economy expanded in the three months ending in March after contracting in the previous quarter, flash data from Statistics Poland showed on Wednesday. Consumer price inflation increased for the first time in five months in April, the final figures revealed. Gross domestic product advanced
Dutch Economy Shrinks 0.1% In Q1
The Dutch economy contracted in the first quarter after recovering in the previous quarter, preliminary data from the Central Bureau of Statistics showed on Wednesday. Gross domestic product dropped 0.1 percent sequentially in the March quarter, reversing a 0.3 percent rise in the fourth quarter. Th
Finland GDP Recovers 0.5% In Q1
Finland's economy expanded in the first quarter after contracting in the previous two quarters, preliminary figures from Statistics Finland showed on Wednesday. Gross domestic product rose seasonally and working-day-adjusted 0.5 percent sequentially in the March quarter, reversing a 0.7 percent decr
Eurozone Industrial Output Unexpectedly Rises
Eurozone industrial production unexpectedly expanded in March driven by the capital goods output, data from Eurostat revealed on Wednesday. Industrial production posted a monthly growth of 0.6 percent, confounding expectations for a decline of 0.3 percent. Production had increased 1.0 percent in Feb
Eurozone GDP Recovers As Estimated In Q1
The euro area economy recovered as estimated in the first quarter after contracting for two straight quarters, flash estimate from Eurostat showed on Wednesday. Gross domestic product grew 0.3 percent sequentially, reversing the 0.1 percent falls each in the third and fourth quarters of 2023. The ra
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US Dollar Index under pressure: Key levels to watch ahead of CPI release
The current trend of the Dollar Index (DXY) shows a slight decline with a recent decrease of 0.08% today, bringing the index to 104.932. Over the last month, the index has decreased by 1.02%, although it shows an increase of 3.47% year-to-date and 2.44% over the past year. These fluctuations suggest
Indonesian Trade Surplus Shrinks In April
Indonesia's foreign trade surplus decreased in April from a year ago as imports grew faster than exports, figures from Statistics Indonesia showed on Wednesday. The trade surplus dropped to $3.56 billion in April from $3.94 billion in the same month last year. In March, the surplus was $4.6 billion.
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