Germany’s Ifo Business Climate index improved modestly in May, offering signs that Europe’s largest economy may be stabilizing after months of weakness, though underlying conditions remain uneven across sectors. Business Climate index rose from 84.5 Read more…
EUR/CAD has remained trapped in a broad sideways range after rebounding to 1.6247 in early April, with neither Euro nor Canadian Dollar able to establish a convincing directional advantage. The pair’s hesitation reflects a market Read more…
A company just secured its first major order from one of the world’s largest aviation markets in nearly a decade. The order was bigger than what the company itself had asked for. The stock fell Read more…
USD/CAD extends upside – breaks back above rising trendline. Momentum signals stay moderately supportive . USD/CAD is gaining for a fourth consecutive session, trading near 1.3785. The pair has broken back above its short-term uptrend Read more…
Fundamental Background The RBA’s third consecutive interest rate increase to 4.35% reflects the regulator’s concern over rising inflation: the conflict in the Middle East is increasing energy costs and putting upward pressure on prices. Annual Read more…
Markets EMU and to a lesser extent US PMI’s confirmed the feared-for stagflationary tendencies as the fall-out of the conflict in the Middle East unsettles multiple supply chains and triggers a mutually reinforcing spiral of Read more…
UK retail sales contracted sharply in April, reinforcing signs that household demand is weakening as higher living costs and economic uncertainty continue weighing on consumers. Retail sales volumes fell -1.3% mom, much worse than expectations Read more…
Germany’s GfK Consumer Climate index improved from -33.1 to -29.8 heading into June, signaling that household sentiment may be stabilizing after months of deterioration, though confidence remains deeply negative overall. The improvement was supported primarily Read more…
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm’s note, titled “Investor Day Preview: Don’t Stop Believing,” Read more…
In focus today Today brings the first euro area wage growth data for 2026, with the ECB’s negotiated wages indicator for Q1. We expect wage growth to remain at 2.9% y/y, broadly unchanged from Q4, Read more…