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…
USDCAD has been in a steep uptrend since mid-September, storming to a fresh 29-month high of 1.3976 before experiencing a moderate pullback. Although the pair managed to recoup some losses after finding its feet at the Read more…
AUD/USD continues to show strong volatility and is sharply higher today. In the European session, the Australian dollar is trading at 0.6338, up 0.81%. This follows losses of almost 1% on Thursday. RBA sees lower Read more…