Stock markets in Europe are largely showing respectable gains as we approach the end of the trading day. This mood in this part of the world was greatly influenced by the robust rally seen in Asia overnight. Last week, stocks in China and Hong Kong, endured large declines due to concerns the Beijing authorities were tightening regulation.
The start of the week's trading was fairly calm, but it saw some notable movements in the US dollar as well as US stocks, which recorded their highest levels historically as market fears about North Korea firing a new missile faded and the focus shifted to the Fed meeting on Wednesday evening.
By Reuters : The dollar sat at a more-than-one-year low while stocks climbed on Tuesday as investors bet that subdued U.S. inflation and strains in Washington would limit Federal Reserve interest rate moves for the rest of the year.
By Reuters : The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.
By Reuters : Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.
The start of the week was calm and didn't witness strong moves, but the US dollar managed to erase some of its losses last week, ahead of US employment data to be released on Friday. This was helped by the positive figures for the manufacturing sector, with the ISM Manufacturing PMI recording its highest reading in two and a half years at 57.8 points.
By Reuters : Commodity-related shares rebounded on the back of firmer oil and metals prices, helping to limit losses in other sectors, while the dollar eased in anticipation of a possible hint from the Federal Reserve on the timing of an expected rate hike.
By Reuters Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year.
By Reuters : U.S. stock futures and Asian shares slid on Thursday, hit by soft U.S. economic data, a relatively hawkish Federal Reserve and a media report that U.S. President Donald Trump is being investigated by a special counsel for possible obstruction of justice.
By Reuters : Technology stocks fell across Europe and Asia on Monday after the worst day for Apple shares in more than a year, while the euro and its bonds rallied after a bumper weekend for pro-EU and pro-business politics in France and Italy.
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