European equities open higher to start the day

Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 +0.3% UK FTSE +0.4% Spain IBEX +0.4% This builds on the break higher at the end of last week, with the DAX looking towards its highest levels in five months. The overall market mood is more tentative though, as US futures pause.

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Forexlive Americas FX news wrap: Greenback falls the most this week since March 2009

The USD moved lower for the 2nd consecutive day and the 5th day in the last 6 trading days. The dollar index (DXY) is down nearly 4% this week with all the major currencies gaining vs the greenback. The decline is the largest % fall since March 2009. The better-than-expected.

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US stocks close higher on the day. Close out a stellar week for the major indices

The major US stock indices are ending the day with gains that capped off a strong week. The final numbers are showing: Dow industrial average rose 33.07 points or 0.10% at 33748.64 S&P index rose 36.61 points or 0.93% at 3992.94 NASDAQ index rose 209.19 points or 1.88% at 11323.34.

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Major European indices end the day with mixed results

The major stock indices are closing with mixed results: German DAX, +0.63% France’s CAC, +0.64% UK’s FTSE 100, -0.67% Spain’s Ibex -0.35% Italy’s FTSE MIB +0.40% For the trading week, the German Dax had a stellar week with a gain of 5.76%. German DAX, +5.76% France’s CAC, +2.84% UK’s FTSE.

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Univ. of Michigan preliminary sentiment index for November 54.7 vs 59.5 last

Michigan consumer sentiment falls Consumer sentiment 54.7 vs. 59.5 Current conditions 57.8 vs. 64.0 estimate expectations 52.7 vs. 56.0 estimate inflation expectations 1 year 5.1% vs 5.0% last month inflation expectations 5 year 3.0% vs 2.9% last month Not a great report all the way around as inflation expectations tick.

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Major US indices are opening with mixed results

The major US indices are opening up with mixed results. The Dow and S&P are up marginally while the NASDAQ is down marginally. Dow industrial average up 2723 points or 0.08% at 33742.61 S&P index up 4.75 points or +0.12% at 3961.13 NASDAQ index -5.24 points or -0.05% at 11108.91.

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US indices giving up gains into the U.S. open

In the premarket for US stocks, the major indices are mixed after trading higher earlier in the premarket session. The futures are currently implying: Dow industrial average is up 83 points after yesterday’s 1201.43 point rise S&P index up around 5.1 points after yesterdays 207 22 point rise Nasdaq is.

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ForexLive European FX news wrap: Dollar poised for worst two-day drop since 2009

Headlines: Markets: JPY leads, USD lags on the day European equities mixed; S&P 500 futures up 0.4% Gold up 0.2% to $1,758.77 WTI crude up 3.2% to $89.24 Bitcoin down 3.2% to $17,230 The post-CPI dump in the dollar continues to play out, as we see technical extensions across the.

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European equities open higher as the optimism continues to flow

Eurostoxx +0.6% Germany DAX +0.3% France CAC 40 +0.6% UK FTSE +0.2% Spain IBEX +0.1% The optimism after the softer US CPI data yesterday is still flowing through the veins of the market and the mood is also helped by news that China is starting to pivot from its zero-Covid.

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Eurostoxx futures +0.9% in early European trading

German DAX futures +0.8% UK FTSE futures +0.4% This builds from the optimism yesterday, with US futures also seen higher today as well after the news from China earlier here. S&P 500 futures are up 24 points, or 0.6%, currently. As a reminder, we might be in for a quieter.

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Germany October final CPI +10.4% vs +10.4% y/y prelim

HICP +11.6% vs +11.6% y/y prelim No change to the initial estimates as German inflation remains elevated, sticking at double-digits. That will continue to pose a problem for the ECB as it tries to balance out a slowing economy against further rate hikes as inflation remains high. ADVERTISEMENT – CONTINUE.

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ForexLive Asia-Pacific FX news wrap: USD/JPY climbs 200 or so points

After the huge losses for the US dollar after the cooler-than-expected CPI report for October we had retracement moves here in the Asian timezone. EUR, AUD, GBP, NZD; all fell back somewhat against the big dollar. But the yen was particularly notable. USD/JPY rose to circa 142.48. We had remarks.

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