Crédit Agricole plan flaunts modern mutualism
There are hard political reasons why Crédit Agricole formally set out the rationale for its existence – for the first time, it said – in its new medium-term plan on Thursday. Not least is president Emmanuel Macron’s new law, passed...
Market Brief: Stronger Eurozone Data Lifts Euro
At 13:30 GMT, the euro and yen were the strongest while North American dollars brought up the rear. Gold edged higher, stocks were mixed and bond yields fell back a little after yesterday’s gains. It has been a quieter session...
Dollar Pares Gain ahead of Resistance in Indecisive Markets
The markets are relatively indecisive today. It seems that rally in stock markets have passed a near term climax, awaiting fresh developments in US-China trade negotations. Treasury yields also turn mildly lower after yesterday’s rally. In the forex markets, Dollar...
US productivity drops by most since the fourth quarter of 2015
American workers were unexpectedly less productive during the third quarter, with growth in their output failing to keep up with hours worked. The Labor Department said on Wednesday nonfarm productivity, which measures hourly output per worker, fell at a 0.3%...
Gold On The Edge As Investors Weigh Conflicting Macro Factors
At the time of writing, gold was somewhat desperately trying to cling onto key support around $1480, finding mild support thanks to the stock market rally pausing for a breather. The precious metal fell sharply on Tuesday, partly because we...
EURUSD Testing Support
The euro has remained under pressure below the 1.1100 level against the greenback during the European trading session, as the pair struggles to move away from major weekly support. The EURUSD pair is likely to suffer from heavy technical selling...
Banking: The world’s unlikely hero in sustainable finance
“It’s an amazing time to be inbanking,” a senior banker told me in late May. He seemed shocked and a bit embarrassed to have said it out loud but continued: “This generation of bankers, and maybe the next, have been...
Risk Appetite Takes a Breather, NZD Down on Unemployment Rate
Yen strengthens broadly today as markets stabilized from recent strong risk appetite. US stocks closed mixed after extending recent record runs. Euro, Dollar and Sterling follow as the next strongest while markets continue to eye trade developments. Commodity currencies are...
Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s...
USD/CHF Likely To Struggle Near 0.9940
Key Highlights The US Dollar started a fresh increase from 0.9849 against the Swiss Franc. A significant bearish trend line is forming with resistance near 0.9940 on the 4-hours chart of USD/CHF. The US Services PMI in Oct 2019 declined...
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