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The European stock markets have been closely linked to the performance of the EUR/CHF currency pair in recent times. The correlation between France’s CAC and Germany’s DAX with EUR/CHF has been quite significant, showcasing a high positive reading of 0.82 and 0.84 respectively. This direct correlation indicates that movements in European stock indices can have
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The futures tied to Wall Street’s main indexes have shown signs of improvement on Monday after a bleak week. Investor sentiment seems to be shifting towards a more optimistic outlook on the U.S. economy, as they await a crucial inflation report later in the week. Mega-cap stocks, including Tesla, have seen gains in premarket trading,
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Recent data on Britain’s labour market from the Recruitment and Employment Confederation and KPMG paints a concerning picture. The survey reveals a notable decrease in job placements, marking the fastest pace in five months. Additionally, the growth in starting pay for permanent staff has slowed down to a five-month low. These trends indicate a cooling
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The recent trends in Non-Farm Payrolls (NFPs) have raised concerns among investors and analysts. While initially appearing strong, the anticipated buying squeeze was short-lived, leading to a shift in rate cut probabilities. Despite the mention of a 50 basis points (bp) cut possibility by Waller, the actual odds remained at a mere 30%, even after
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The Egyptian economy has been facing challenges with inflation for quite some time now, and the situation seems to be worsening. Despite forecasts suggesting a decline in inflation for the sixth consecutive month in August, some analysts are wary of the impact of government-led price hikes. The government, in an effort to battle a significant
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In a recent development, France has requested an extension from the European Commission for submitting a plan to reduce its public deficit. The country is facing the possibility of seeing its budget deficit increase unexpectedly if additional savings are not identified. This situation has led to France being put into EU disciplinary proceedings and has
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The US Aug payrolls saw an increase of 142k, according to the latest data. This has important implications for the USD/JPY pairing. The Michigan Consumer Sentiment Index is also expected to rise from 67.9 in August to 68.0 in September, indicating a potential boost in consumer confidence and spending. These factors may influence the demand
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U.S. Treasury Secretary Janet Yellen recently hinted at her future plans after President Joe Biden’s term ends in January. During the Texas Tribune Festival in Austin, Texas, Yellen mentioned that she is “probably done” serving at the highest levels of government, but left some room for ambiguity by saying, “we’ll see.” This comment marks a
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Over the weekend, thousands of individuals in France took to the streets in protest of President Emmanuel Macron’s recent decision to appoint Michel Barnier, a center-right figure, as prime minister. This move has sparked outrage from left-wing parties who have accused Macron of manipulating legislative elections to his advantage. Macron’s choice of Barnier follows a
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