Economy

Gold remains stable as fears of US rate hikes persist

Gold Heads for Weekly Decline Amid Rate Hike Pressures

Gold prices were little changed on Thursday as traders waited for U.S. growth data for more clues on the pace of interest rate hikes by the Federal Reserve. At 0954 GMT, spot gold was up 0.1 percent at $1,826.26 an ounce, and U.S. gold futures were down 0.4 percent at $1,833.70. Gold remains consolidated, but …

Read more

Business confidence in Germany improves in February

Business confidence in Germany improves in February

Business confidence in Germany improved in February, adding to signs that Europe’s largest economy is recovering despite the energy crisis and high inflation, a survey showed on Wednesday. The Ifo economic institute said its business confidence index stood at 91.1 points, following a revised reading of 90.1 in January. A Reuters poll of analysts had …

Read more

The dollar touches six-week highs due to the strengthening of economies

The dollar touches six-week highs due to the strengthening of economies

The dollar was little changed on Wednesday and continued to trade near six-week highs on strong economic data. Surveys released Tuesday showed U.S. business activity unexpectedly picked up in February and hit its highest level in eight months. In the euro zone, a survey-based indicator of activity also rebounded and reached its highest level in …

Read more

Year-on-year inflation in Germany reaches 8.7%

The Factors Driving High Inflation Rates in Florida

The year-on-year inflation in Germany stood at 8.7% in January, and rose 1% compared to December, with energy as the main driver of the increase in prices, the Federal Statistical Office (Destatis) reported on Wednesday. In December the year-on-year rate was 8.1% and in November 8.8%. “We see price increases in many goods and increasingly …

Read more

The British economy shows unexpected dynamism in February: PMI

According to a survey on Tuesday, Britain appears on track to avoid an expected recession as businesses posted an unexpected pickup in activity this month as well as easing price pressures. The preliminary reading of the S&P Global/CIPS UK Composite Purchasing Managers’ Index (PMI) jumped to 53 in February from 48.5 in January, above the …

Read more

Euro falls, but solid services data hold back losses

The dollar touches six-week highs due to the strengthening of economies

The euro remained under pressure on Tuesday after data showed euro zone manufacturing activity deteriorated this month as a rebound in the more inflation-sensitive services sector dampened losses. Over the past two weeks, the euro has suffered especially against the dollar, after strong U.S. jobs data and signs of persisting inflation increased the chances of …

Read more

Gold Falls on Dollar Firmness as Markets Await U.S. Data

Gold rises as traders assess repercussions of SVB collapse

Prices for gold They fell on Tuesday due to the dollar’s rise, as investors waited for fresh U.S. economic data to gauge the Federal Reserve’s interest-rate hike strategy. At 0952 GMT, spot gold was down 0.3 percent at $1,835.70 an ounce, and U.S. gold futures were down 0.4 percent at $1,843.10. The Dollar Index It …

Read more

China maintains reference rates for sixth month, further easing is expected

China maintains reference rates for sixth month, further easing is expected

In February, China kept its benchmark interest rates unchanged for a sixth straight month, as the world’s second-largest economy showed more signs of recovery from a COVID-19 pandemic-induced slump. A series of better-than-expected recent data suggests economic activity is picking up, as Beijing abandoned its severe “zero COVID” strategy in December and adopted a growth-friendly …

Read more

A third of the beneficiaries of the Minimum Vital Income are Andalusians

A third of the beneficiaries of the Minimum Vital Income are Andalusians

A third of the total number of people who receive the Minimum Vital Income (IMV) reside in Andalusia, autonomy in which almost 6% of the population (502,308 people) receives this aid, followed by the Valencian Community (185,419) and Madrid (156,947). The autonomous regions that have proportionally a greater number of beneficiaries are Melilla (13%), Ceuta …

Read more

The food chain meets to discuss the historic price rise

The food chain meets to discuss the historic price rise

The Observatory of the food chain, which brings together all the links of the same, meets this Monday after months of historic increases in the prices of the shopping basket, which have been slightly contained in January, and that have turned it into a media and political focus. The meeting will take place next Monday …

Read more

Discontent in Morocco over skyrocketing food prices

Discontent in Morocco over skyrocketing food prices

The exponential increase in the prices of basic foodstuffs in the shopping basket unleashes social discontent in Morocco, where several associations and unions called protests against the famine starting tomorrow, Sunday. Tomato, onion and potatoes have seen their price almost triple in recent weeks, while red meat already exceeds 100 dirhams (9 euros) before the …

Read more

The data that do not convince central banks: 5 keys this Friday

The data that do not convince central banks

An intense week of macroeconomic data has concluded that central banks will maintain their upward trend in interest rates at least until mid-2023. The petroleum Quotes with falls. Cryptocurrencies are also moving with declines this morning. Here are the five factors that investors should consider today when making their decisions: 1. Fed, ECB and interest …

Read more

Will we hear from the ECB today? 5 keys this Thursday in the stock market

5 keys this Thursday in the stock market

Today investors will be watching the statements of different members of the European Central Bank (ECB). The agency’s economic bulletin is also published. The petroleum It is trading upwards. Cryptocurrencies are also moving higher this morning. Here are the five factors that investors should consider today when making their decisions: 1. Economic Bulletin of the …

Read more

Attentive to Lagarde (ECB): 5 keys this Wednesday on the stock market

Attentive to Lagarde (ECB): 5 keys this Wednesday on the stock market

Today investors will be watching the statements of Christine Lagarde, president of the European Central Bank (ECB). The petroleum Quotes with falls. Cryptocurrencies move higher this morning. Here are the five factors that investors should consider today when making their decisions: 1. Lagarde speaksAt 15:00 Spanish time he speaks Christine Lagarde, President of the ECB. …

Read more

British inflation rate falls more than expected to 10.1%

British inflation rate falls more than expected to 10.1%

Britain’s consumer price inflation fell more than expected in January to 10.1 percent from 10.5 percent in December, also causing declines in core measures of inflation that the Bank of England is closely watching, official data showed on Wednesday. Economists polled by Reuters had forecast that the annual rate of the consumer price index (CPI) …

Read more

CPI forecasts, the least accurate for the year of war

CPI forecasts, the least accurate for the year of war

The average inflation forecasts for 2022 were the most ill-advised of those prepared by the experts at the end of the summer of 2021, a time when nobody thought that Russia would invade Ukraine in February of the following year with the consequences it had on consumer prices. The “Diana Esade 2022”, which analyzes the …

Read more

Germany’s Allianz avoids risks and opts for safe bonds after setback of its subsidiary in the US

Germany's Allianz avoids risks and opts for safe bonds after setback of its subsidiary in the US

Allianz (ETR:ALVGOne of the world’s biggest investors, invested billions over the years in properties, wind farms and even London’s sewage system, but is now eschewing such “alternative” investments in favor of simple bonds, according to sources familiar with the matter. The German company’s new approach comes amid a sea change in the investment environment, with …

Read more

Japan avoids recession, but fourth-quarter GDP rebound much smaller than expected

Japan avoids recession, but fourth-quarter GDP rebound much smaller than expected

Japan’s economy avoided recession but rebounded much less than expected in October-December as business investment plummeted, a sign of the central bank’s challenge in phasing out its massive stimulus program. The world’s third largest economy grew by 0.6% annualized in the Last quarter last year, after falling a revised 1.0% in July-September, according to government …

Read more

German economy to grow slightly in 2023 – European Commission

Germany’s economy will grow slightly this year, the European Commission said on Monday, revising up its previous forecast for a 0.6 percent contraction. In its winter forecast, the European Commission forecasts GDP growth of 0.2% for Europe’s largest economy in 2023, more than it had forecast in the autumn due to the easing of energy …

Read more

Pakistan accepts IMF conditions to release $1.100 billion in funds

Pakistan accepts IMF conditions to release $1.100 billion in funds

Pakistan has agreed with the International Monetary Fund on conditions for releasing some $1.100 billion in much-needed funds, Pakistani Finance Minister Ishaq Dar said on Friday, blaming the delay in disbursement on “routine procedures.” Dar spoke to the media hours after an IMF mission left Islamabad after 10 days of talks aimed at freeing up …

Read more

Reassessment of rate outlook will test euro bulls

Reassessment of rate outlook will test euro bulls

Euro bulls may have to temper their enthusiasm after the rush to buy the currency has made it vulnerable in the near term, especially in the face of uncertainty over many global central banks’ plans for interest rates. The euro hit its highest level in 10 months against the dollar earlier this month, having gained …

Read more

German consumer prices harmonised with the EU rise in January by 9.2% year-on-year

German consumer prices harmonised with the EU rise in January by 9.2% year-on-year

German consumer prices, harmonized for comparison with those of other European Union countries, rose 9.2 percent year-on-year in January, less than expected, according to preliminary data from the Federal Statistical Office published on Thursday. Compared with December, prices rose 0.5 percent, he added. Analysts had expected harmonized data to rise 10.0% year-on-year and 1.2% from …

Read more

More and more central bankers: 5 keys this Wednesday in the markets

More and more central bankers: 5 keys this Wednesday in the markets

After a frantic week of central banks and yesterday’s speech by Jerome Powell, chairman of the US Federal Reserve (Fed), today we will be watching other members of the FOMC. The business earnings season continues. Oil is trading with volatility. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider …

Read more

India raises interest rates to 6.5% worried about inflation

India raises interest rates to 6.5% worried about inflation

The Reserve Bank of India (RBI, issuing entity) announced on Wednesday the increase for the sixth consecutive time of the Interest rates, with an increase of 25 basis points to 6.50 percent, with the aim of keeping inflation at bay in the next fiscal year. The central bank’s Monetary Policy Committee (MPC) decided, by a …

Read more

BlackRock’s harsh criticism of central banks: They are “stumbling”

BlackRock's harsh criticism of central banks: They are "stumbling"

Markets are trading tense on Tuesday -Ibex 35, CAC 40, DAX…- with investors’ fear that central banks will maintain their hawkish strategy of raising interest rates. In its weekly report, BlackRock (NYSE:BLK) is very tough in its tone on the strategy that central banks are pursuing. “Last year, major central banks took a ‘whatever the …

Read more

Spanish savers go for public debt while banks are slow to raise deposits

Spanish savers go for public debt while banks are slow to raise deposits

The Bank of Spain launched an appointment system on Tuesday to better manage demand for short-term government debt from ordinary savers eager to benefit from rising yields triggered by rate hikes, which led to long queues in the streets. Demand among small investors, who in November only owned 0.2% of total Spanish public debt, according …

Read more

Sales dissipate ahead of Fed, ECB and Bank of England speeches

Sales dissipate ahead of Fed, ECB and Bank of England speeches

The biggest market sell-off to date appeared to be ending on Tuesday as traders waited to see if the Federal Reserve chairman and several senior officials from the ECB and Bank of England later gave new clues about the direction of interest rates. The Australian dollar had already soared after its central bank signaled it …

Read more

Having the enemy yen is not an option, today its price resurfaces in Forex. How much is the euro (EURJPY), pound (GBPJPY) and dollar (USDJPY) worth in Japan?

euro (EURJPY), pound (GBPJPY) and dollar (USDJPY) worth in Japan.

The price of the Japanese yen rises exorbitantly in the Forex market, its last look in its economic agenda showed us that household expenses are still restrained and lower in reference to the previous evaluation, both in its annual and monthly comparison. Today in this article we will look at which are the 3 most …

Read more

Gold rises as traders await U.S. employment data

Gold rises as traders await U.S. employment data

The gold It was stable in a narrow range on Friday as cautious investors scoured central bank statements and prepared for the release of U.S. nonfarm payrolls. After losing nearly 2 percent in the previous session, spot gold was up 0.2 percent at $1,915.42 an ounce at 0930 GMT. U.S. gold futures were down 0.1 …

Read more

Santander achieves record profit in 2022, but provisions increase

Santander will return half of its profits to shareholders in its three-year strategy

Spanish bank Santander said on Thursday its 2022 net profit rose 18 percent to a record 9.605 billion euros ($10.600 billion), thanks to increased lending, though results were overshadowed in the fourth quarter as provisions more than doubled due to economic uncertainty. The euro zone’s second-largest bank by market value posted a net profit of …

Read more

ECB’s Nagel, Makhlouf point to rate hikes beyond March

ECB's Nagel

Joachim Nagel and Gabriel Makhlouf, policymakers at the European Central Bank, said on Wednesday they would not be surprised if interest rates continued to rise in the second quarter, following two hikes planned for February and March. The ECB has pledged to raise its policy rate by half a percentage point next week to 2.5 …

Read more

Oil falls on global economic concern

Oil falls on global economic concern

Oil prices fell on Tuesday amid concerns about a slowing global economy and the expected build-up of U.S. inventories. At 1746 GMT, the Brent crude It was down $1.36, or 1.5 percent, at $86.83 a barrel, while the West Texas Intermediate in the United States (WTI) it gave up $1.11, or 1.4%, to $80.51. U.S. …

Read more

ECB’s Kazaks rejects rate-cutting bets as underlying prices rise

ECB's Kazaks rejects rate-cutting bets as underlying prices rise

Martins Kazaks, a member of the European Central Bank’s Governing Council, rejects investors’ bets that the ECB will cut interest rates later this year, saying a deep recession would be needed to reduce borrowing costs. Money markets expect the ECB to raise the rate it pays on bank deposits by almost 150 basis points by …

Read more

Bank of Japan Set to Review Side Effects of Ultra-Relaxation

Bank of Japan Set to Review Side Effects of Ultra-Relaxation

The Bank of Japan will review the spillover effects of its monetary easing at policy meetings next week and may take additional steps to correct distortions in the yield curve, the Yomiuri newspaper reported on Thursday. Last month, the Bank of Japan surprised markets by widening the band around its 10-year bond yield target, a …

Read more