Mixed trend in Europe; The euro is strengthening in opposition to the dollar

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15:31

The wide variety of initial claims for unemployment blessings in the US this week stood at 261 thousand, some distance above the forecasts of analysts who expected approximately 235 thousand.

15:06

The German DAX index rises with the aid of 0.Three%, the FTSE a hundred trades stably and the Paris Stock Exchange adds approximately zero.Four% to its cost.

In the global foreign exchange marketplace, the euro strengthens against the dollar by using zero.Four% after the ebook of the GDP information within the Eurozone, which placed the nations of the bloc into an respectable recession. At the same time, the dollar weakens against the yen by 0.3% and against the Japanese yen by 0.2%.

Futures in the US are trading by means of the hour in a blended trend.

12:04

The major indices in Europe are trading in a combined trend. Trading within the futures contracts inside the US become carried out an hour in the past with mild fee will increase.

In the Eurozone, the growth figures for the primary quarter of the 12 months were posted. Quarterly GDP fell by way of zero.1% whilst the early forecast anticipated that GDP could continue to be unchanged. The GDP facts in the remaining quarter of 2022 additionally indicated a poor growth of zero.1% – so the Eurozone has officially entered a technical recession.

Last night, the Bank of Canada surprised forecasts when it raised hobby rates via 0.25% to four.Seventy five%. The Chief Economist of Bank Leumi, Gil Befman, refers to the Canadian Bank’s decision: “The BANK OF CANADA hobby price increase of 25 foundation points is probably not the final, that is towards the heritage of the increases within the housing marketplace and the sticky fundamental inflation. The interest price increase of 25 basis factors, to 4.75%, surprised the market. The assertion became hawkish and mentioned that “intake growth in the first quarter become surprisingly sturdy.” The assertion referred to the “persisted strong demand for exertions” and also that “excess demand inside the financial system seems to be continual More than anticipated.” Against this heritage, the primary financial institution warned against a state of affairs in which inflation could considerably get caught above the two% goal.”

10:50

European stock markets are presently trading in a blended fashion. The German DAX rises through zero.1%. The British FTSE one hundred is buying and selling strong and the Paris Stock Exchange adds about zero.1% to its value.

In the global foreign exchange marketplace, the dollar weakened via zero.1% against the euro and the Japanese yen. Against the yen, the dollar weakened through 0.2%.

08:28

Asian stock markets are actually buying and selling in a poor trend: the Nikkei index is down 1%. The Hang Seng index sheds zero.Three% of its value, the Kospi falls by using zero.5%, and the Shanghai Stock Exchange falls by means of 0.2%.

Trading inside the futures contracts on US inventory market indices is carried out with slight charge decreases.

Inventory Gamestop It plunged with the aid of 20% remaining night in late buying and selling following the report of the dismissal of the enterprise’s CEO Matthew Furlong and after it published its economic effects for the first area of the 12 months. The organization did now not offer an evidence regarding Furlong’s dismissal, and mentioned that chairman Ryan Cohen will serve as CEO. To the enterprise briefly.

In its financial outcomes for the first sector of this yr, Gamestop pronounced revenues of $1.24 billion, lacking the early forecasts that anticipated revenues of $1.36 billion. The business enterprise decreased the internet loss to $50.5 million, compared to $157.Nine million in the corresponding zone ultimate yr.

The commodity marketplace is now seeing slight rate decreases in oil costs, after final night time oil expenses rose by using approximately 1%. The price of a barrel of American oil stands at 72.4 dollars, and the rate of Brent oil stands at about 76.Eight dollars per barrel. The price of gold became maintained at a stage of one,961 dollars in step with ounce.

US authorities bond yields are trading higher this morning: the ten-year bond yield stands at 3.8%, and the two-year bond yield is buying and selling around four.5%.

● 9 billion bucks a week: generation budget broke a 20-year file

In the global forex marketplace, the dollar weakened towards the euro and the Japanese yen by means of 0.1%, and towards the yen, the dollar weakened by way of zero.3%.

In the crypto marketplace, prices are falling, with the prices of Bitcoin and Ethereum falling by means of 2.Zero%.

In the macro zone, the Canadian primary bank amazed analysts’ forecasts when it raised interest rates by using zero.25% to 4.Seventy five%. The early forecast expected that the hobby fee might continue to be unchanged.

This morning increase figures were posted in Japan. GDP within the first quarter of the year rose by using 0.7%, above early forecasts that anticipated a extra moderate boom of 0.Four%.

Later nowadays, the increase facts within the Eurozone and the preliminary claims for unemployment blessings within the US are anticipated to be posted.