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In the fast-paced world of currency trading, the EUR/USD recently faced a setback, retreating from its three-month peak. This decline, observed primarily against the US Dollar, raised eyebrows and triggered active profit-taking. This article explores the factors contributing to the Euro’s decline, the implications on the currency market, and what investors should watch out for …

EUR/USD Gets Back From Three-Month Peak on Profit-Taking Read More »

The global economic landscape is set for a shift, and Amundi investment institute predicts a boon for emerging markets (EM) in the coming year. According to Alessia Berardi, the head of emerging macro and strategy at the Amundi Investment Institute, the anticipated rate cuts by the U.S. Federal Reserve in mid-2024 will create a positive …

Amundi Perspective: Emerging Markets Poised to Gain from Fed Read More »

In a groundbreaking development, Commerzbank AG (CBKG.DE) announced on Wednesday that it has successfully obtained a crypto custody license in Germany. This pivotal move marks a significant step for the bank, opening doors to a plethora of digital asset services with a primary focus on the ever-expanding realm of crypto assets. Significance of the Crypto …

Commerzbank Receives Crypto Custody Licence in Germany Read More »

In the fast-paced world of finance, technology plays a pivotal role in ensuring the smooth functioning of banking operations. However, a recent revelation by the European Central Bank (ECB) has sent shockwaves through the Euro zone banking sector. According to the ECB, Euro zone banks are hemorrhaging millions of euros, and the culprit is none …

Euro Zone Banks Losing Millions to Poor IT: A Wake-Up Call Read More »

The London stocks market experienced a notable upswing on a recent trading day, marked by the positive performance of key indices. The FTSE 100 and FTSE 250 indices played a pivotal role in this reversal of early losses. The surge in the domestically-focused FTSE 250 to a seven-week high caught the attention of investors, particularly …

London stocks end higher on U.S. CPI optimism Read More »

Gold Advances in prices surged by 1% on Tuesday, riding the wave of a retreat in the dollar and Treasury yields following softer-than-expected U.S. consumer inflation data. This development fueled speculation that the Federal Reserve might halt its interest rate hikes. Factors Influencing Gold Prices Dollar and Treasury Yields Dynamics Gold Advances at The intricate …

Gold Advances as Yields, Dollar Slip After US Inflation Data Read More »

1. Introduction The FTSE 100 embarked on a promising journey at the beginning of the week, primarily fueled by a surge in insurers’ performance. This surge, led by Phoenix Group, set the tone for an eventful week in the UK’s financial markets. 2. Phoenix Group’s Soaring Success Phoenix Group shares witnessed an impressive jump, surging …

FTSE 100: Riding High on Insurers’ Boost Read More »

European shares In the fast-paced world of finance, where markets can swing dramatically in response to various factors, Friday brought a downturn in European shares. This shift was notably influenced by higher bond yields, coupled with hawkish comments from the U.S. Federal Reserve Chair. Additionally, disappointing results from industry giants Diageo and Richemont added to …

European shares ease from 3-week high Read More »

U.S. stocks And Wall Street, along with the broader stock market, is exhibiting a wavering trend, primarily due to the anticipation of critical policy cues. Investors are closely monitoring the stance of central bank officials, particularly Federal Reserve Chair Jerome Powell, in conjunction with the imminent release of pivotal economic data next week. 1. Market …

U.S. stocks and Wall St waver as markets await more policy cues Read More »

ABN Amro, one of the key players in the Dutch banking landscape, surprised the market with robust performance in the third quarter, reporting a net profit of 759 million euros ($811 million). This figure not only surpassed the company’s own expectations but also exceeded the market consensus, marking a 2% increase from the previous year’s …

ABN Amro Dutch bank High Q3 profit Read More »