Fri, March 29, 2024

economy

EU and economy

Eurozone’s economic expansion is under question

Eurozone’s economic expansion is under question European Union’s executive arm, which is the European Commission released a forecast which underlines the current economic situation. On Thursday, this forecast became available to the public. According to this forecast, the euro zone’s economy will grow by 1.1% in 2019 and 1.2% in 2020. It means that in …

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Wibest – Eurozone: Different single currency notes.

Eurozone News Props Up the Single Currency | Wibest

The single currency steadied against the US greenback in today’s trading after the IMF slashed Eurozone growth forecast. On the other hand, the bloc’s September retail sales volume went up, according to the EU’s statistical office. The two contrasting data prevented the euro to even fall or rise against the US dollar. The EUR USD …

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Wibest – Food Sector: Food stalls in Beijing, China./cereal

Investcorp Invests Billions in Asian Food Sector | Wibest

The global food sector giant, Investcorp, partners with several Chinese entities to buy $500 million worth of food brands. The company announced the plan earlier this Thursday, making headlines in the food and beverage industry. Investcorp will not only lend their funds to Asian food brands, but it will also buy some manufacturing sites in …

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Market Charts and Analysis

Daily Market Charts and Analysis November 07, 2019

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDJPY The pair is trading on the higher portion of the chart, with the price coming closer to the 200-day moving average. Movements appear reluctant to continue going up, with candlesticks showing red. Primary …

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Wibest – Australian Money: Sydney, Australia.

Marginal Improvements Supports Australian Money | Wibest

The marginal improvements in the country’s economic performance paved the way for RBA to hold on to current interest rates. The interest rate decision of the Reserve Bank of Australia then allowed the Australian money to gain yesterday. AUD traders felt a sigh of relief as expectations for the RBA to not cut rates come …

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Reserve Bank of Australia Building

Australian Money Gains After RBA Decision | Wibest

The Australian money gained altitude against other currencies after the RBA announced its decision earlier today. The Reserve Bank of Australia or RBA decided to hold on to its current cash rates. The central bank’s official interest rate will continue to stand at 0.75% after today’s meeting. RBA governor Philip Lowe said that the main …

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Asian Stock Market: Businessman writing the trading graph of the stock market. broker

Asian Stock Markets Up on Trade Talk Progress

Asian stock markets edged higher to hit more than 14-week highs. Investors’ appetite for riskier assets returned on the progress of the trade discussions and positive US jobs report. MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 1.08% to $530.86, reaching its highest level since July 24 and putting it on track for …

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