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Equities in Europe traded lower in the premarket on Friday as investors assessed the effects of Israel's reported retaliatory drone attack on Iran. They also anticipated the newest reports on Germany's producer prices and the United Kingdom's retail sales.
The DAX slid by 1.35% at 7:25 am CET. At that minute, the FTSE 100 lost 0.91%. The CAC 40 decreased by 0.98%. The Eurostoxx 50 declined by 1.35%.
The euro fell by 0.11% against the dollar at 7:35 am CET to sell for $1.06315. Simultaneously, the pound sterling went down by 0.16% against the United States currency to go for $1.24160.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend
Equities in Europe traded lower in the premarket on Friday as investors assessed the effects of Israel's reported retaliatory drone attack on Iran. They also anticipated the newest reports on Germany's producer prices and the United Kingdom's retail sales.
The DAX slid by 1.35% at 7:25 am CET. At that minute, the FTSE 100 lost 0.91%. The CAC 40 decreased by 0.98%. The Eurostoxx 50 declined by 1.35%.
The euro fell by 0.11% against the dollar at 7:35 am CET to sell for $1.06315. Simultaneously, the pound sterling went down by 0.16% against the United States currency to go for $1.24160.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend
Gold currently $2381.46
The prices of precious metals increased on Monday with gold popping 1% as investors seemingly recured to the yellow metal as a safe-haven commodity amid geopolitical tensions in the Middle East.
Earlier, Israeli Prime Minister Benjamin Netanyahu announced that his country will make its "own decisions, and will do everything necessary to defend itself" regarding its response to the Iranian missile and drone attack againnst Israel on Saturday.
Gold jumped 1.09% at 1:15 pm CET, selling at $2,386.94. A minute later, silver advanced 0.55%, going for $28.38. At 12:14 am CET, platinum gained 0.11%, selling at $944.83. On the other hand, palladium fell 0.70% to $1,016.99.
Baha Breaking News (BBN) / RR
Https://www.lse.co.uk/rns/CEY/q1-2024-report-yq4snqk6p99n1rt.html
Major European stock indexes traded mixed in the premarket session on Thursday, following the release of March inflation data from the Eurozone where prices remained up 2.4%. Meanwhile, in the UK, prices rose by 3.2%. Investors are still digesting this information from the previous day.
At 8:00 am CET, the FTSE 100 rose 0.24% while the DAX lost 0.08% and the CAC 40 went down 0.06%. The Euro Stoxx 50 traded flat.
The euro gained by 0.07% against the dollar at 7:58 am CET, selling for $1.06803. Meanwhile, the pound traded 0.13% higher against the US currency to go for $1.24701 simultaneously.
Baha Breaking News (BBN) / AC
Major European stock indexes traded mixed in the premarket session on Thursday, following the release of March inflation data from the Eurozone where prices remained up 2.4%. Meanwhile, in the UK, prices rose by 3.2%. Investors are still digesting this information from the previous day.
At 8:00 am CET, the FTSE 100 rose 0.24% while the DAX lost 0.08% and the CAC 40 went down 0.06%. The Euro Stoxx 50 traded flat.
The euro gained by 0.07% against the dollar at 7:58 am CET, selling for $1.06803. Meanwhile, the pound traded 0.13% higher against the US currency to go for $1.24701 simultaneously.
Baha Breaking News (BBN) / AC
Gold currently $2377.88
Asos (ASC) is still making turnaround progress despite falls in sales and revenues, says Hargreaves Lansdown.
The group reported half-year underlying revenues of £1.5bn, representing a fall of 18%, while underlying losses before tax grew 32.7% to £120m.
Analyst Guy Lawson-Johns said that falling revenues ‘may not feel like progress’ but ‘in response to a tougher environment, Asos is undergoing a significant makeover, shifting focus to profitability and cash generation’.
‘The move to enhance the balance sheet and get the business on track for a more profitable future is encouraging, but it hasn’t been easy for investors,’ he said.
Lawson-Johns said that ‘behind the scenes, there are early signs that strategic ambitions are starting to bear fruit’, as the firm streamlines inventory, releasing cash for investment elsewhere.
There have also been operational improvements but there are still ‘structural hurdles to overcome’ and it faces competition from the likes of new entrant Temu.
‘Successfully expanding into international markets, like the US, will be crucial for the company’s future,’ Lawson-Johns said.
The shares climbed 4.9% to 349.6p yesterday, but have shed half their value over the last 12 months.
Major European markets traded mostly lower in Wednesday's premarket session as the area receives an important set of economic reports. Today, market participants will learn about the Eurozone inflation report and UK inflation data.
At 7:55 am CET, the DAX and the FTSE 100 were flat. Meanwhile, the CAC 40 fell 0.08%, and the pan-European Euro Stoxx 50 fell 0.39%.
On the currency front, the euro and the British pound were down by 0.07% and 0.06% against the dollar at 7:57 am CET, selling for $1.06108 and $1.24191, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Major European markets traded mostly lower in Wednesday's premarket session as the area receives an important set of economic reports. Today, market participants will learn about the Eurozone inflation report and UK inflation data.
At 7:55 am CET, the DAX and the FTSE 100 were flat. Meanwhile, the CAC 40 fell 0.08%, and the pan-European Euro Stoxx 50 fell 0.39%.
On the currency front, the euro and the British pound were down by 0.07% and 0.06% against the dollar at 7:57 am CET, selling for $1.06108 and $1.24191, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold currently $2377.84
Major European markets traded lower ahead of Tuesday's session as investors awaited the release of more economic data. Today, market participants will receive reports on EU economic sentiment and the trade balance. Italy will release its latest CPI data.
At 8:06 am CET, the DAX lost 1.17%, the CAC 40 fell 1.32%, and the FTSE 100 declined 1.19%. Finally, the pan-European Euro Stoxx 50 fell 1.34%.
On the currency front, the euro and the British pound were down by 0.09% and 0.19% against the dollar at 8:07 am CET, selling for $1.06148 and $1.24224, respectively.
Baha Breaking News (BBN) / JG
Major European markets traded lower ahead of Tuesday's session as investors awaited the release of more economic data. Today, market participants will receive reports on EU economic sentiment and the trade balance. Italy will release its latest CPI data.
At 8:06 am CET, the DAX lost 1.17%, the CAC 40 fell 1.32%, and the FTSE 100 declined 1.19%. Finally, the pan-European Euro Stoxx 50 fell 1.34%.
On the currency front, the euro and the British pound were down by 0.09% and 0.19% against the dollar at 8:07 am CET, selling for $1.06148 and $1.24224, respectively.
Baha Breaking News (BBN) / JG
Gold currently $2386.12
Major European markets traded mixed in Monday's pre-market session as investors prepared for the release of a fresh batch of economic data, including the UK CPI report, which is due this week. Market participants will be keeping a close eye on the geopolitical situation following the Iranian attack on Israel over the weekend, which could trigger market volatility.
At 8:01 am CET, the DAX lost 0.15%, while the French benchmark CAC 40 was flat, and the FTSE 100 declined 0.28%. Finally, the pan-European Euro Stoxx 50 increased by 0.07% a minute later.
On the currency front, the euro and the British pound were up by 0.16% and 0.12% against the dollar at 7:58 am CET, selling for $1.06580 and $1.24680, respectively.
Baha Breaking News (BBN) / JG
Happy Monday y’al
*ASOS report on Wednesday
Major European markets traded mixed in Monday's pre-market session as investors prepared for the release of a fresh batch of economic data, including the UK CPI report, which is due this week. Market participants will be keeping a close eye on the geopolitical situation following the Iranian attack on Israel over the weekend, which could trigger market volatility.
At 8:01 am CET, the DAX lost 0.15%, while the French benchmark CAC 40 was flat, and the FTSE 100 declined 0.28%. Finally, the pan-European Euro Stoxx 50 increased by 0.07% a minute later.
On the currency front, the euro and the British pound were up by 0.16% and 0.12% against the dollar at 7:58 am CET, selling for $1.06580 and $1.24680, respectively.
Baha Breaking News (BBN) / JG
Happy Monday y’al
Gold currently $2360.55
Dr Martens is suing online retailer Temu for allegedly infringing its trademarks, in the latest sign of growing hostility from western retailers towards their rapidly growing Chinese rivals.
Possibly subscription
https://www.thetimes.co.uk/article/dr-martens-stomps-on-temu-with-lawsuit-over-google-ads-5bjmkpdsb
MIDAS SHARE TIPS UPDATE: Shareholders reap rewards from miner Hochschild
Before Christmas, gold was trading at $1,980 an ounce. That was already pretty punchy, but the price has since risen 18 per cent to more than $2,300 an ounce.
Silver – sometimes described as gold on speed – has gone even further, up 23 per cent in the past four months to $28 an ounce.
And there is talk of further gains. Both metals tend to do well when investors are worried about the future, when inflation is considered a risk and when interest rates are low.
Recent enthusiasm has been driven by the first two, with central banks adding further spice. Many have been keen and consistent buyers of gold – and they are supposed to know what they're doing. Looking ahead, interest rates are widely expected to come down, albeit more slowly than markets anticipated. When reductions start to come through, that could give gold a fresh fillip.
Silver and gold miner Hochschild has been basking in the precious metals' glory. Shares were £1 when Midas recommended them in December. Today, they are £1.49, an extraordinary increase in just a few months. Hochschild is not alone in profiting from gold and silver's recent run, but the South America-based miner has undertaken several self-help measures that should provide extra ballast this year and beyond.
Hochschild has been operating in Latin America for the past 100 years but went through a period of turmoil when government officials threatened to close its flagship mine in Peru.
That threat was finally averted last year, a new political regime is in place and the mine is back on track. Hochschild has also begun production in Brazil, on time and on budget, with a mine acquired just a couple of years ago.
Further expansion is expected in both countries with two further mines near existing sites. The group also owns a mine in Argentina which delivers high-grade gold and silver.
Chief executive Eduardo Landin is optimistic about Hochschild's prospects – and brokers tend to believe him. Appointed last summer, Landin has spent decades in the mining industry, with a thorough understanding of potential pitfalls and how to avoid them.
Production is expected to climb from 301,000 ounces to about 350,000 ounces this year, rising to more than 450,000 ounces from 2027. That should feed into strong sales and profits growth, particularly if gold and silver prices remain high.
Midas verdict: Shareholders have reaped rewards from Hochschild and there could be more to come. Shares were trading at close to £3 before the Peruvian debacle, when gold was much less in vogue and production was lower. But a 49 per cent gain in four months is unusual, and gold and silver have come a long way fast. Cautious investors should sell half their stock at £1.49, bank profits and keep the rest.
https://www.dailymail.co.uk/money/mailplus/article-13304235/MIDAS-SHARE-TIPS-UPDATE-Shareholders-reap-rewards-miner-Hochschild.html?ns_mchannel=rss&n
Major European stock indexes traded higher in the premarket session on Friday as investors come from receiving the latest decision from the European Central Bank authorities of leaving interest rates unchanged one more time. During the day, relevant economic reports from Germany, the United Kingdom, France, and Spain will be published.
The FTSE 100 rose 0.14%, the Euro Stoxx 50 added 0.87% and the CAC 40 went up 0.54% at 8:00 am CET.
The euro lost by 0.14% against the dollar at 7:58 am CET, selling for $1.07108. Meanwhile, the pound traded 0.10% lower against the US currency to go for $1.25408 simultaneously.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend.
*ECB saying that they’ll cut rates in June if nothing major happens in the meantime.
Major European stock indexes traded higher in the premarket session on Friday as investors come from receiving the latest decision from the European Central Bank authorities of leaving interest rates unchanged one more time. During the day, relevant economic reports from Germany, the United Kingdom, France, and Spain will be published.
The FTSE 100 rose 0.14%, the Euro Stoxx 50 added 0.87% and the CAC 40 went up 0.54% at 8:00 am CET.
The euro lost by 0.14% against the dollar at 7:58 am CET, selling for $1.07108. Meanwhile, the pound traded 0.10% lower against the US currency to go for $1.25408 simultaneously.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend.
Gold having reached a new all time high is currently trading at $2386.35
Equities in Europe traded mostly higher in the premarket on Thursday in anticipation of the European Central Bank's (ECB) new monetary policy decision, with investors eager to see if the institution would keep its interest rate the same and forecast a cut in June.
The DAX stood flat at 8:01 am CET. At the same time, the FTSE 100 gained 0.13%. The CAC 40 went up by 0.06%. A minute later, the Eurostoxx 50 increased by 0.08%.
The euro and the pound sterling both stood flat against the United States dollar at 7:58 am CET to sell for $1.07436 and $1.25448, respectively.
Baha Breaking News (BBN) / JR
Equities in Europe traded mostly higher in the premarket on Thursday in anticipation of the European Central Bank's (ECB) new monetary policy decision, with investors eager to see if the institution would keep its interest rate the same and forecast a cut in June.
The DAX stood flat at 8:01 am CET. At the same time, the FTSE 100 gained 0.13%. The CAC 40 went up by 0.06%. A minute later, the Eurostoxx 50 increased by 0.08%.
The euro and the pound sterling both stood flat against the United States dollar at 7:58 am CET to sell for $1.07436 and $1.25448, respectively.
Baha Breaking News (BBN) / JR
Gold currently $2340.45
European stock equities traded higher in the premarket hours on Wedneday, as investors awaited the release of the United States' inflation data for March during the day and the upcoming meeting of the European Central Bank (ECB) scheduled for Thursday.
London's FTSE 100 was up 0.38% at 8:07 am CET. The Euro Stoxx 50 improved 0.16%. Frankfurt's DAX added 0.09% and the CAC 40 gained 0.07% at the same time.
The euro was flat against the dollar, going for 1.08510 at 8:08 am CET. The pound sterling also traded flat versus the greenback, trading at 1.26760.
Baha Breaking News (BBN) / RR
Happy hump y’al