ECB President Christine Lagarde said in a speech that after increasing interest rates by 200bps, “we expect to raise rates further”. He added that, “withdrawing accommodation may not be enough to bring inflation back to Read more…
BoE Chief Economist Huw Pill told CNBC, “Our current assessment is that we don’t think interest rates would need to rise as high as markets are pricing precisely because it would produce a slowdown in Read more…
Eurozone PPI rose 1.6% mom, 41.9% yoy in September, below expectation of 1.7% mom, 42.0% yoy. For the month, industrial producer prices in Eurozone increased by 3.3% in the energy sector, by 0.9% for non-durable Read more…
Eurozone PMI Services was finalized at 48.5 in October, down from September’s 48.8, a 20-month low. PMI Composite was finalized at 47.3, down from prior month’s 48.1, a 23-month low. Looking at some member states, Read more…
WTI oil futures (December delivery) are set to close with mild gains for the third consecutive week after struggling to successfully enter the 90 territory. While the positive trajectory in the momentum indicators promotes a Read more…
The Canadian dollar is usually quiet before North American markets open, but it is sharply higher today. USD/CAD is trading at 1.3644 in Europe, down 0.73%. US nonfarm payrolls expected to slow The week wraps Read more…
Cable edges higher in early Friday as traders collect profits after bearish acceleration below 1.15 handle in past two days found footstep at solid Fibo support at 1.1150 (38.2% of 1.0348/1.1645). The pound is weighed Read more…
“We saw strong demand for Starbucks coffee in Q4 and throughout the year in every market and channel in which we operate,” said interim CEO Howard Schulz. Starbucks (SBUX) – Get Starbucks Corporation Report shares jumped Read more…
“We saw U.S. e-commerce growing in the low single digits in Q3 with deceleration into the close of the quarter,” said acting CFO Gabs Rabinovitch. “This trend persisted in October.” PayPal (PYPL) – Get PayPal Read more…
Stock futures edge higher with jobs data in focus; October payrolls to show weaker job growth, easing wages; Starbucks jumps as solid U.S. growth offsets prolonged China weakness; Paypal slumps after muted holiday quarter forecast Read more…