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Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra. Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on…

ByPexecoJuly 14, 20240Comments

Finance News

Lufthansa Gets EU Green Light to Acquire Stake in ITA Airways

The European Union says that a merger between the two airlines will not breach antitrust rules. German airline Lufthansa has secured EU approval to buy a 41% stake in Italy's state-owned ITA Airways. The €325 million deal will allow Lufthansa to scale up its services in Italy, one of Europe's largest travel markets. If ITA's…

ByPexecoJuly 13, 20240Comments

Finance News

EU targets the likes of Temu and Shein with cheap goods crackdown

Cheap products from China are currently exempt from EU import duties, although FT sources say this could soon change. The European Commission is preparing to apply customs duties on cheap products coming from China, according to three sources cited by the Financial Times. Under current rules, goods under €150 can be imported into the bloc…

ByPexecoJuly 12, 20240Comments

Finance News

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

KEY TAKEWAYS Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts. While inflation is likely to continue to trend lower, it likely won’t reach…

ByPexecoJuly 9, 20240Comments

Finance News

UK General Elections: How Will the Pound React?

The UK’s general elections are on July 4, and all analysts and market participants expect Sir Keir Starmer, the leader of the Labour party, to win a landslide victory. Criticized by those on the right for doing whatever it takes to be in power and those on the left for not being bold enough to change…

ByPexecoJuly 4, 20240Comments

Finance News

Reserve Bank of Australia (RBA) interest rate decision in focus

In the land of the down under, we highlight RBA’s interest rate decision which is to be released during tomorrow’s Asian session. The majority of market participants are currently anticipating the bank to remain on hold, with AUD OIS currently implying a 97.4% probability for such a scenario to occur. It should be noted…

ByPexecoJune 17, 20240Comments

Finance News

Tesla Investors To Vote on Musk’s $55.8B Pay Package—What You Need To Know

KEY TAKEAWAYS Tesla will hold its annual shareholder meeting on Thursday, with investors voting on whether to reapprove CEO Elon Musk's $55.8 billion pay package. The compensation plan was approved by investors in 2018, but was struck down by an equity court earlier this year that sided with an investor who sued Tesla, claiming Musk's…

ByPexecoJune 13, 20240Comments

Featured Finance News

Non-Farm Payrolls Report Shifts Federal Reserve Rate Cut Timeline: Key Insights

The U.S. labor market report published today has completely altered the market outlook. This week's data has been quite favorable for the Federal Reserve, which has maintained its stance and continued to indicate a desire for interest rate cuts this year. Today's data likely delays the timeline for these cuts, though upon deeper analysis, some…

ByPexecoJune 7, 20240Comments

Finance News

Manufacturing PMIs in the epicenter

OThe USD edged lower against its counterparts on Friday, yet the big picture of an overall sideways movement seems to be maintained. The highlight of the week for USD traders and not only for them, is expected to be the release of the US employment report for May on Friday, yet for today we highlight…

ByPexecoJune 4, 20240Comments

Finance News Stocks

Equities report: Equities send out mixed signals

QSince our last report, the NASDAQ 100 has moved higher and formed a new all time high figure, yet the Dow Jones 30 and S&P500 appear to have moved lower. At this point we would like to note our concerns, in regards to the recent direction taken by the Dow Jones 30, and its divergence…

ByPexecoMay 29, 20240Comments

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Equities report: Equities send out mixed signals

Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

Lufthansa Gets EU Green Light to Acquire Stake in ITA Airways

EU targets the likes of Temu and Shein with cheap goods crackdown

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

UK General Elections: How Will the Pound React?

Reserve Bank of Australia (RBA) interest rate decision in focus

Tesla Investors To Vote on Musk’s $55.8B Pay Package—What You Need To Know

Non-Farm Payrolls Report Shifts Federal Reserve Rate Cut Timeline: Key Insights

Manufacturing PMIs in the epicenter

Equities report: Equities send out mixed signals