European Market Update

0

0
Markets Quiet Ahead of FOMC Minutes and ECB Rate Decision
Wed, Apr 11 2007, 09:40 GMT
by Trade The News Staff
TradeTheNews.com
- The European indices are currently trading in positive territory led higher by the energy sector on recent gains in energy prices.
- In a session light on economic data European government bonds opened modestly higher in the session following gains in JGB futures after machinery orders data fell below expectations. EGBs quickly moved into negative territory ahead of the FOMC minutes today, and tomorrow’s ECB interest rate decision. Investors will be monitoring comments from the ECB’s Trichet in the post rate announcement conference looking for any indication on future policy.
- As expected, the German wholesale price index rose to 0.5% m/m and 3.1% y/y.
- The French trade balance for the month of February came in as a deficit of €2.6B, slightly better than the expected deficit of €2.7B. January’s figure was revised up to a deficit of €2.6B from a deficit of €2.8B.
- Swedish industrial production rose by more than expected to 1.3% m/m, above estimates of 1.0%. Industrial production rose to 6.8% y/y, above estimates of 6.5%.
- Front month copper futures are currently trading higher by 2.0% near a new seven-month high after breaching the 360 handle earlier on.
Published on
Wed, Apr 11 2007, 09:39 GMT
Archive
- Markets subdued ahead of US payroll report
Published On Fri, Nov 6 2009, 11:03 GMT
- Euro-Zone Sept retail sales decline more than forecasts
Published On Thu, Nov 5 2009, 10:57 GMT
- Session was marked by an improvement in risk appetite
Published On Wed, Nov 4 2009, 11:03 GMT
- Risk aversion continues to simmer over health of global financial sector
Published On Tue, Nov 3 2009, 11:05 GMT
- European PMI Manufacturing data suggests a fragile recovery
Published On Mon, Nov 2 2009, 11:06 GMT
[ View All ]
Trade The News, Inc.
| 228 Park Ave. South Suite 9465, New York 10003 United States
https://www.tradethenews.com/FreeTrial/Default.aspx?fxst | sales@tradethenews.com
Legal disclaimer and risk disclosure
All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided.
1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information.
Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.