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Sino-US talks feeding investor optimism All eyes on the US on Friday as Trump meets with Chinese Vice Premier Liu He following another week of talks between the world’s largest economies. It would appear that there’s been some real progress made in the talks, at least enough to extend the truce and avoid further tariff
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Friday February 22: Five things the markets are talking about Global equities saw some modest gains overnight as investors await results from the Sino-U.S trade talks. Will we get some concrete news or perhaps an announcement of an extension of the March 1 deadline for implementing further U.S tariffs? On the week, most major benchmarks
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It’s been a relatively quiet week for EUR/USD, and pair is unchanged on Friday. Currently, the pair is trading at 1.1343, up 0.08% on the day. In economic news, German data continued to disappoint. Final GDP for the fourth quarter came in at 0.0%, matching the forecast. Ifo Business Climate dropped to 98.5, shy of
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Investors optimistic about Sino-US talks A pretty flat open is expected in European markets on Friday, as we wrap up another week one step closer to a US-China trade deal and hopefully one week closer to a Brexit agreement. With major central banks around the world in a much more accommodative place now compared with
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According to Vladimir Miklashevsky, senior economist at Danske Bank, the US economic data demonstrated weakness across several indicators, with only initial jobless claims keeping a spark of positivism. Key Quotes “The ISM-adjusted Philly Fed release at 52.4 was the poorest reading since October 2016, while the Philly Fed headline index went negative for the first
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CPI data from Japan  National CPI 0.2% y/y,  expected 0.2%, prior was 0.3% National CPI excluding Fresh Food 0.8% y/y (referred to as ‘core’ inflation) expected 0.8%, prior was 0.7% National CPI excluding Food, Energy 0.4% y/y  (referred to as ‘core-core’ inflation)  expected 0.4%, prior was 0.3% the CPI excluding Food, Energy is closest to the
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The US dollar is higher across the board across major pairs as US disappointing data triggered anxiety that lead to a drop in stock markets. As positions were liquidated there was demand for the greenback. US durable goods came in under the forecast but the a more forward-looking indicator the Philly Fed manufacturing Index fell
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Hungary has a problem. Like many Eastern European and former Soviet countries, its population is shrinking thanks to a plunging birthrate and outmigration as young workers seek better opportunities and fatter salaries elsewhere in the European Union (EU). In 2017, the most recent year of data, Hungary had a low fertility rate of only around
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