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​Switzerlands inflation accelerated in August

12:08 pm 2017-09-05

Switzerland's inflation accelerated as expected in August, figures from the Federal Statistical Office showed Tuesday. Consumer price inflation rose to 0.5 percent in August from 0.3 percent in July. On a monthly basis, consumer prices remained flat after easing 0.3 percent in July. Monthly figure also matched economists expectations. Prices of petroleum products increased, while prices of air travel and tour packages declined in August.More

UK service sector growth fell to an 11 month low

11:55 am 2017-09-05

UK service sector growth fell to an 11 month low in August, according to data from the Chartered Procurement and Supply Institute on Tuesday.    The services PMI fell more than expected to 53.2 in August from 53.8 in July, while the expected reading was 53.5. However, the score above 50 indicates expansion of services.    The reading points to the slowest pace of growth since September 2016, as well as growth rates since July and remained significantly weaker than in the first half of 2017, the…More

Decline in European retail sales put pressure on the euro in early trading

09:59 am 2017-09-05

The Euro is heading lower against the majors, with the economic data coming out of the Euro zone. German PMI, which rose 53.5 in August, was 53.4, higher than the reading of the month. Which came at 53.4.    France's PMI came in contrast to a record low of 54.9 in August, while analysts' expectations were at 55.5, the same as last month's reading.    The European PMI fell to 54.7, while analysts had expected the August reading to be 54.9, the same as last month's reading.More

​A look at the most important data to be released on Tuesday

07:55 pm 2017-09-04

A look at the most important data to be released on Tuesday, August 5, with the European region in the forefront 1. UK retail sales expected: - Previous: 0.9% 2. Swiss Gross Domestic Product (GDP) Expected Quarterly: 0.5% Previous: 0.3% 3. Swiss Consumer Price Index Expected: 0.0% Previous: -0.3% 4. European Retail Sales (MoM) Expected: -0.2% Previous: 0.5% 5 - Final reading of the German service index expected: 53.4 Previous: 53.1 6. Final reading of the expected European Service Index: 54.9 Previous: 45.9   More

The Dollar is performing mixed against major currencies

07:13 pm 2017-09-04

Forex markets are flat on Monday, with no major economic data and the US market closing, currency trading was stable today with no major economic data today, except for the European producer price index, which fell from last month. Looking at the EUR trading against the USD, it recorded a slight rise of 0.35%, to settle at 1.1900 at the end of trading today, while the GBP against the US dollar, came in contrast, where the pound recorded a decline of 0.15% against the US…More

​bitcoin drops 6% During the first week of the week

02:21 pm 2017-09-04

bitcoin drops 6% During the first week of the week, the electronic currency bitcoin dropped 6% today, reaching $ 4,320, after hitting an all-time high of $ 5000 at the end of last week. As for the bitcoin dealings against the euro, they are trading lower at 3,791 euros or 3.4%. Looking at Etherhere's trading against the US dollar, we find a sharp decline of 15.59% to reach $ 296.47.    bitcoin Cash, which fell 11.90% to reach $ 535.10, while bitcoin cash for…More

the Sintex Consumer Confidence Index rose in September

11:32 am 2017-09-04

The Sintex Consumer Confidence Index in Europe, and falling inflation, the Sintex Consumer Confidence Index rose in September to 28.2 while the previous reading was at 27.7. As for the PPI on a year-on-year basis, it was down 2%, while analysts' expectations were 2.2%, while the previous reading was 2.4%. The Euro was up against the US Dollar by 0.37% to reach 1.1900 levels. The British Pound against the Dollar did not change much as the price reached 1.2950, the opening price in Asian trading.More

The Nikkei fell after North Korea held its nuclear test

07:10 am 2017-09-04

The Nikkei fell on Monday after North Korea held its strongest nuclear test, with some analysts expecting further declines once the US market reopens after a holiday. The Nikkei was down 0.8 percent at 19277.75, plunging from a two-week high while the broader TOPIX index was down 0.9 percent at 1,605.15. North Korea on Sunday tested its sixth and strongest nuclear test, which it said was an advanced hydrogen bomb for a long-range missile, threatening a "massive" military response from the United States if it or its allies were threatened. All…More

Pending Home Sales showing an unexpected drop

03:03 pm 2017-08-31

The National Association of Realtors released a report on Thursday showing an unexpected drop in Pending Home Sales in the United States in July.    The Pending Home Sales Index fell 0.8 percent to 109.1 in July from 110.0 in June, and economists expected home sales to rise by 0.5 percent, the agency said.    With the exception of small gains in Western states, pending home sales were weaker in most areas in July, the report said.    The unexpected drop in pending home sales…More

​US jobless claims rose slightly in the week

02:21 pm 2017-08-31

US jobless claims rose slightly in the week ending Aug. 26, according to a Labor Department report on Thursday.    Initial jobless claims rose to 236,000, up 1,000 from last week's 23,000, the report said.    Economists had expected jobless claims to rise to 237,000 from 234,000 the previous week.    Continuous claims, a reading on the number of unemployed people, also fell by 12,000, to 1.942 million in the week ending Aug. 19, the report said.    The average of four weeks…More

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