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EU navigates China trade dilemma

The EU is walking a delicate tightrope, with some member states keen to protect their markets, while others want to safeguard Chinese investment and to attract more. The European Union (EU) is navigating a delicate balance between protecting its domestic markets and maintaining crucial economic ties with China. Some member states are eager to shield…

ByPexecoOctober 8, 20240Comments

Finance News

Dow Jones Today: Stock Futures Rise Ahead of Highly Anticipated Jobs Report

Stock futures moved higher Friday ahead of the release of U.S. labor market data that Federal Reserve officials will be watching closely as they consider their next move on interest rates. Stock futures edged higher on Friday morning, with investors focused on the upcoming U.S. labor market data, which Federal Reserve officials will scrutinize as…

ByPexecoOctober 4, 20240Comments

Finance News

GBP/USD Surges to Multi-Year High Amid Strong UK Economic Growth

The GBP/USD currency pair recently reached a significant milestone, hitting a two-and-a-half-year high of $1.32 on August 27, 2024. Analysts are optimistic that this strong upward momentum will persist through the end of the year, positioning the pound sterling as one of the top-performing global currencies. Britain's robust economic growth, bolstered by the election of…

ByPexecoSeptember 3, 20240Comments

Finance News

What To Expect in the Markets This Week

Key Takeaways Markets will be closed for the Labor Day holiday Monday. While reports on job openings and private-sector hiring will set the stage earlier in the week, August jobs data will capture attention on Friday. This week's technology company earnings include Broadcom, Hewlett Packard Enterprise, and Zscaler. Retailers Dollar Tree, Big Lots, and Dick’s…

ByPexecoSeptember 2, 20240Comments

Finance News

European Stocks Surge as Cooling Inflation Fuels Hopes for ECB Rate Cuts

European stock markets continued their upward trajectory as cooling inflation fueled optimism for deeper rate cuts by the European Central Bank (ECB). Germany's DAX reached a new high after a surprising drop in consumer prices for August, further driving the rally. Expectations for significant rate cuts by central banks, particularly in Europe, continued to bolster…

ByPexecoAugust 30, 20240Comments

Finance News

Berkshire Hathaway Reaches Historic $1 Trillion Market Cap Milestone

Shares of Warren Buffett's holding company, Berkshire Hathaway, rose in intraday trading on Wednesday, pushing its market capitalization above $1 trillion for the first time. Berkshire is now the 8th U.S. company and the 9th globally to reach this significant milestone. Under Buffett's leadership over the past six decades, Berkshire Hathaway has evolved into a…

ByPexecoAugust 29, 20240Comments

Finance News

Eurozone GDP Grows 0.3%, but Germany Contracts by 0.1%

The eurozone's GDP grew 0.3% in the second quarter of 2024, exceeding expectations, but Germany's contracted by 0.1%, indicating economic struggles for the bloc’s largest economy. Economic growth in the eurozone exceeded expectations in the second quarter of the year, according to preliminary data from Eurostat released on Tuesday. The eurozone's gross domestic product grew…

ByPexecoJuly 30, 20240Comments

Finance News

Germany’s business climate worsens in July: European stocks plunge

Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure. Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. DAX Chart Daily Time Frame The monthly…

ByPexecoJuly 26, 20240Comments

Finance News

Air France set for €180 million hit as tourists avoid Paris Olympics

Tourists are being put off by the idea of large crowds and hotel price hikes expected in Paris during the 2024 Olympics. Air France, France's national carrier is preparing itself for a €180 million blow as tourists avoid the French capital due to the Paris 2024 summer Olympics. The summer Olympics, the first Paris Olympics in…

ByPexecoJuly 16, 20240Comments

Finance News

Eurozone private sector expands in June

Euro area private sector activity grew in June, surpassing earlier estimates and showing robust recovery. Activity in Spain showed the strongest growth, while contractionary conditions held in France amid election uncertainties. Private sector activity in the euro area expanded in June, surpassing previous estimates, indicating that the recovery phase is well on track, though with…

ByPexecoJuly 15, 20240Comments

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Equities report: Equities send out mixed signals

Finance News

EU navigates China trade dilemma

Dow Jones Today: Stock Futures Rise Ahead of Highly Anticipated Jobs Report

GBP/USD Surges to Multi-Year High Amid Strong UK Economic Growth

What To Expect in the Markets This Week

European Stocks Surge as Cooling Inflation Fuels Hopes for ECB Rate Cuts

Berkshire Hathaway Reaches Historic $1 Trillion Market Cap Milestone

Eurozone GDP Grows 0.3%, but Germany Contracts by 0.1%

Air France set for €180 million hit as tourists avoid Paris Olympics

Eurozone private sector expands in June