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 upward cost translating into higher prices for end users. In the EMU this resulted in prospects/a risk of an outright […]
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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…