Initial euphoria over the US-Iran ceasefire has been replaced by caution European equities are retreating, with the STOXX 600 sliding 0.6% and Germany’s DAX shedding 1.3% The “peace dividend” is being questioned as Brent crude claws back ground to trade around $97 a barrel The high price of oil suggests an inflationary surge is “baked […]
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Eurozone retail sales edged lower in March, with the volume of retail trade falling -0.1% mom, outperforming expectations for a steeper -0.4% mom decline. The data suggest consumer spending remains soft, as higher energy costs Read more…
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The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the Read more…