Investors welcomed the latest indication of a durable recovery in global economies, and rising oil prices buoyed energy equities, sending stock indexes near record highs on Wednesday. However, traders were less upbeat than on Tuesday as they awaited critical U.S.…
Continue ReadingThe dollar is trading higher on the day as it gains traction across the board. EUR/USD pair is going below 1.2200 to 1.2180 and GBP/USD sliding to 1.4125. The changes are in line with the latest interplay in the major…
Continue ReadingBefore the end of the session, oil continued to keep higher, up 2.8% at around $68.20. Let's review the production quota commitment figures for the current agreement before holding today's meetings: Let's start with the 13 OPEC member countries; I…
Continue ReadingStrong metal and oil prices supported shares of key commodities companies. Statistics indicated euro zone manufacturing activity expanded at a record pace in May, pushing European equities to new highs. After a holiday on Monday, the pan-European STOXX 600 index…
Continue ReadingOn Monday, world equities were on track to notch their fourth month of gains, but the greenback struggled widely ahead of a flood of European and American data this week that will provide a fuller view of the global economy's…
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