News

The US Dollar is trimming some gains against the Japanese Yen on Thursday, after failing to find acceptance beyond 153.00 at the European session opening.

Italian carmaker Ferrari on Thursday dialled back its electrification ambitions, saying fully electric vehicles will make up just 20% of its range by 2030.

There were two bids from the hard-right and left groups today in putting up a motion of censure against von der Leyen. However, EU lawmakers rejected them with 378 votes from the 720 members outlining support for von der Leyen in the first round and then 383 votes in the second.

For some context, it would require two-thirds majority to unseat von der Leyen. So, this was never a real threat but more so to try and stir up some drama and dissonance on her leadership and the current assembly.

In any case, the numbers here are slightly better for von der Leyen than the 360 votes she won back in July during a motion brought forward by far-right lawmakers at the time. However, it is still less than the 401 votes she got last year when she was reelected as EU president.

This article was written by Justin Low at investinglive.com.

The food and beverage giant PepsiCo reiterated its full-year forecast.

The current price movements are likely part of a sideways trading phase between 0.6570 and 0.6605. In the longer run, the odds of AUD breaking below 0.6555 are increasing, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair surrenders its early gains and flattens around 0.6590 during the European trading session on Thursday.

Ireland Consumer Price Index (MoM) down to -0.2% in September from previous 0.4%

Ireland Consumer Price Index (MoM) down to -0.2% in September from previous 0.4%

Ireland HICP (YoY) rose from previous 1.9% to 2.7% in September

Ireland HICP (YoY) rose from previous 1.9% to 2.7% in September