Clemens
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RBNZ’s Hawkesby: High global inflation remains a key risk for financial stability
The Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said on Wednesday that higher interest rates mean cooling jobs market. He further stated that high global inflation remains a key risk for financial stability. Key quotes “Employment data confirmation of trend we were expectin
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Major European Markets Close On Slightly Negative Note
Major European stock markets ended somewhat weak on Monday, as investors digested quarterly earnings updates from big name European and U.S. companies, and looked ahead to the Federal Reserve's monetary policy. The Fed is widely expected to leave interest rates unchanged, but the accompanying statem
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Is The Phrase “Sell in May and go away" an Urban Legend?
The phrase “Sell in May and go away” originated in England in 1776, more specifically in London’s financial district. The full version of the saying was “Sell in May and go away, come back on St. Leger’s Day,” referring to the St. Leger’s Day horse race (September 15th). This adage got famous i
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The Eurozone’s economic recovery sputters in April
The European Commission’s economic sentiment indicator unexpectedly declined in April on the back of a still struggling manufacturing sector. Selling price expectations softened in most sectors, suggesting that a June rate cut is still on the cards. A false start to the second quarter The European C
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too [Video]
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the euro. Chinese PMIs and New Zealand employment to be watched too. Will the Fed put rate cut hopes in more peril? The upcomin
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USD/JPY volatile after inflation, BoJ meeting
The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan. Japanese inflation data, which was released just before the end of the Bank of Japan meeting, was much lower than expected. Tokyo Core CPI, which was o
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