Oil rises on OPEC’s modest output hike – ING
ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks.
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GBP/USD may decline toward 1.3400 – UOB Group
Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
Eurozone retail sales edge up 0.1% mom in August, momentum muted
Eurozone retail sales rose 0.1% mom in August, matching expectations and signaling only a modest pickup in consumer activity. The increase was driven by 0.3% rise in food, drinks, and tobacco sales and 0.4% gain in automotive fuel, partly offset by a -0.1% decline in non-food product demand. Across the wider European Union, retail sales […]
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DXY: 2-way trades on the daily chart – OCBC
There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. -
Gold looks to extend record-setting run beyond $3,950 amid Fed rate cut bets
Gold (XAU/USD) continues scaling record highs through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental backdrop. -
Eurozone Sentix rises to -5.4, mood brightens from exaggerated pessimism
Investor sentiment in the Eurozone improved in October, with Sentix Investor Confidence Index rising from -9.2 to -5.4, topping forecasts of -7.7. Current Situation Index advanced from -18.8 to -16.0, while Expectations climbed sharply from 0.8 to 5.8. Sentix said the latest data initially looks like the long-awaited economic turning point, with strong improvements seen […]
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Tesla teaser video sparks speculation of long-awaited Roadster or mass market model
Tesla posted a teaser video on X sparking speculation that the company could finally be about to launch the next-generation Roadster or a mass market model. -
Eurozone Retail Sales rise 1% YoY in August vs. 2.1% previous
The Eurozone’s Retail Sales rose 1% year-over-year in August, following a revised 2.1% increase in July, according to official data released by Eurostat on Monday. -
Dow Jones futures climb on rising odds of further Fed rate cuts
Dow Jones futures added 0.13% to trade around 47,100 during European hours on Monday, ahead of the regular session opening in the United States (US). The S&P 500 futures gain 0.27% to remain above 6,750, while Nasdaq 100 futures rise 0.45% to trade around 25,100. -
Eurozone Retail Sales (MoM) in line with forecasts (0.1%) in August
Eurozone Retail Sales (MoM) in line with forecasts (0.1%) in August
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