Multiple reports suggest Tesla will reduce December output at its Shanghai-based gigafactory by as much as 20%. Tesla (TSLA) – Get Free Report shares moved lower Monday following reports that the carmaker will reduce output at Read more…
ECB Governing Council member Gabriel Makhlouf said, “To continue on our path to bring inflation back to our 2% target, I see a 50 basis-point increase in interest rates as the minimum needed at our Read more…
Stock futures lower as market weigh recession risk; Week Ahead: light calendar puts china, sentiment data in focus; Oil prices gain on china optimism; OPEC holds production levels; Tesla slides on reports of VE production Read more…
Eurozone retail sales volume dropped -1.8% mom in October, worse than expectation of -1.6% mom. The volume of retail trade decreased by -2.1% for non-food products and by -1.5% for food, drinks and tobacco, while Read more…
Eurozone Sentix Investor Confidence rose from -30.9 to -21.0 in December, highest since June. Current Situation Index rose from -29.5 to -20.0. Expectations Index rose from -32.3 to -22.0, highest since March. Sentix said: “The Read more…
UK PMI services was finalized at 48.8 in November, unchanged from October’s reading, lowest since January 2021, and second second consecutive month of contraction. PMI Composite was finalized at 48.2, unchanged from prior month, and Read more…
Eurozone PMI Services was finalized at 48.5 in November, down from October’s 48.6. That’s also a 21-month low. PMI Composite was finalized at 47.8, up from prior month’s 47.3. Looking at some member countries, Ireland Read more…
EURCHF has been gradually edging higher in the past few sessions as it attempts to find a clear direction ahead of an action-packed period. A series of higher highs and higher lows since the multi-decade low Read more…
EURUSD advanced above the 1.0500 in the previous couple of sessions, suggesting that the market is in a bullish mode in the short-term timeframe. Regarding the trend, it is likely to remain on the upside as the price continues to stay Read more…
The hourly chart of the DXY index shows the end of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. Thus, the market may currently Read more…