There was so much promise and hope for equities coming into the new year but we're seeing all of that get dashed on opening day as the mood turns sour. US futures were little changed and marginally higher to start the session but are now down all the way amid a steep...
Dollar sits mostly firmer to start the day
It is only the Australian dollar that is sitting higher than the US dollar in trading so far today. Traders adopted a more risk-on approach early on but we have seen equities pare most of that gains in European morning trade as flows are slowly trickling back in to...
All runways at Tokyo’s Haneda Airport now closed after airplane was caught in flames
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UK December final manufacturing PMI 46.2 vs 46.4 prelim
Prior 47.2Output, new orders, and employment conditions all declined in the UK manufacturing sector at the end of last year. And that suggests that overall activity remains weak with a rather uncertain outlook. Of note, business optimism also dipped further to a...
UK shop price inflation seen at lowest since June 2022
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Eurozone November M3 money supply -0.9% vs -1.0% y/y expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Eurozone December final manufacturing PMI 44.4 vs 44.2 prelim
Prior 44.2The reading is a 7-month high, helped by a modest improvement in German manufacturing conditions. That being said, this still marks a significant contraction in the euro area industry with the outlook for this year also still up in the air. The worry here is...
Germany December final manufacturing PMI 43.3 vs 43.1 prelim
Prior 42.6Even with a strong contraction in manufacturing conditions, this is still a 8-month high reading for Germany - which speaks more to how bad things got at some point last year. But at least now, new orders are seen declining at its slowest rate since April...
France December final manufacturing PMI 42.1 vs 42.0 prelim
Prior 42.9Little change to the initial estimate but this still marks a substantial contraction in France's manufacturing output and new orders to end the year. Of note, employment conditions deteriorated as well last month. HCOB notes that:"The French manufacturing...
Italy December manufacturing PMI 45.3 vs 44.4 expected
Prior 44.4Output and new orders fell but at a slower pace to end the year, but both are observing nine straight months of declines so that paints a better picture overall of Italy's manufacturing sector. HCOB notes that:“Italy's manufacturing industry wraps up the...
Quadcode Markets Releases A New Interface
Quadcode Markets, an EU-regulated CFD broker, has introduced a number of substantial updates to its interface. These improvements simplify navigation and analysis, further enhancing traders’ platform experience.1. Asset Selector: A new feature allows traders to set...
Aftershocks continue in Ishikawa as magnitude 4.6 earthquake reported
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Spain December manufacturing PMI 46.2 vs 47.0 expected
Prior 46.3The downturn in Spain's manufacturing sector continues to end last year with both output and new orders falling again. The good news at least is that firms are anticipating a rebound in output for this year, although optimism remains relatively low when put...
European equities look to kick start the year on positive footing
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FX option expiries for 2 January 10am New York cut
There aren't any major expiries to take note of for today. Markets are looking to get settled into the new year, so the resumption and returning flows will be the more important driver this week. That could also see what actually traders are thinking when viewing the...
Some food for thoughts for 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PMI data on the agenda to start the new year
Happy New Year, everyone! We're off to a more mixed start to the new year with the dollar sitting slightly higher while stocks are a little on the backfoot. Meanwhile, the likes of gold and Bitcoin are still pressing higher as flows slowly ease back into the rotation....
Japanese media reports at least 30 victims from Ishikawa earthquake
In case you missed it: Magnitude 7.6 earthquake hits JapanIt's a terrible way to start the new year for those affected, with local authorities in the Ishikawa prefecture reporting at least 30 fatalities caused by the incident. There are quite notable damages to...
ForexLive Asia-Pacific FX news wrap: Happy New Year!
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...