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Precious metals jump ahead of midterms, inflation data

Precious metals traded higher on Tuesday with gold jumping more than 1% and silver rallying over 2% as investors focused on the United States midterm elections and awaited US inflation data due later this week.

The yellow metal climbed above $1,700 per ounce for the first time in over a month, while silver hit the highest level since late June.

Spot gold climbed 1.89% to sell for $1,705.79 per ounce at 10:25 am ET and silver surged 2.73% to go for $21.35 per ounce a minute later. Platinum rose 1.27% to sell for $996.33 per ounce at 10:26 am ET and palladium was up 0.66% to $1,901.26 at the same time.

Baha Breaking News (BBN) / NP

Centamin tracing the rise @ 97.08

Currently $1708.00

European stocks traded mixed in premarket on Tuesday with the race to control the United States Congress closely monitored by the entire globe. Investors in Europe will await Bayer's earnings before the open and the Eurozone retail sales figures later in the day.

The DAX increased by 0.11%, London's FTSE 100 declined by 0.46% while the CAC 40 was flat at 7:08 am CET.

The euro was 0.14% lower than the dollar at 7:19 am CET, trading at 1.00060. The British pound was down 0.17% compared to the American currency, going for 1.14915 a minute later.

Baha Breaking News (BBN) / MS

European stocks traded mixed in premarket on Tuesday with the race to control the United States Congress closely monitored by the entire globe. Investors in Europe will await Bayer's earnings before the open and the Eurozone retail sales figures later in the day.

The DAX increased by 0.11%, London's FTSE 100 declined by 0.46% while the CAC 40 was flat at 7:08 am CET.

The euro was 0.14% lower than the dollar at 7:19 am CET, trading at 1.00060. The British pound was down 0.17% compared to the American currency, going for 1.14915 a minute later.

Baha Breaking News (BBN) / MS

Equities in Europe traded lower in the premarket on Monday just as the newest reports on Germany's industrial production and the United Kingdom's house prices were about to be released, as well as the one on investor confidence in the Eurozone later in the day.

Earlier, it was reported that British Chancellor of the Exchequer Jeremy Hunt is planning to introduce tax raises worth £25 billion and spending cuts worth £35 billion in his forthcoming budget statement. Meanwhile, Bank of France Governor Francois Villeroy de Galhau estimated that inflation could reach its peak in early 2023.

The DAX stood flat at 8:00 am CET. At the same time, the FTSE 100 declined by 0.33%. The CAC 40 went up by 0.13%.

The euro lost 0.13% to the dollar at 8:00 am CET to sell for $0.99456. A minute later, the pound sterling fell by 0.49% against the greenback to go for $1.13194.

Baha Breaking News (BBN) / JR

Happy Monday y’al

Equities in Europe traded lower in the premarket on Monday just as the newest reports on Germany's industrial production and the United Kingdom's house prices were about to be released, as well as the one on investor confidence in the Eurozone later in the day.

Earlier, it was reported that British Chancellor of the Exchequer Jeremy Hunt is planning to introduce tax raises worth £25 billion and spending cuts worth £35 billion in his forthcoming budget statement. Meanwhile, Bank of France Governor Francois Villeroy de Galhau estimated that inflation could reach its peak in early 2023.

The DAX stood flat at 8:00 am CET. At the same time, the FTSE 100 declined by 0.33%. The CAC 40 went up by 0.13%.

The euro lost 0.13% to the dollar at 8:00 am CET to sell for $0.99456. A minute later, the pound sterling fell by 0.49% against the greenback to go for $1.13194.

Baha Breaking News (BBN) / JR

Happy Monday y’al

https://twitter.com/bloombergtv/status/1588571805308125184?s=46&t=fxTke64T6uUU3gsO3LQeXg

Major European stock indexes traded above the flatline in premarket on Friday as investors awaited to receive updates on the Eurozone's and German services sector, as well as the report on the United Kingdom's construction PMI.

In addition, data on the euro area's producer price index will be published in the coming hours, while market participants brace for the release of the nonfarm payrolls which is to unveil the unemployment rate in the United States.

Frankfurt's DAX rose by 0.44% at 7:28 am CET. The CAC 40 and the FTSE 100 increased by 0.57% and 0.58% respectively.

The euro gained 0.30% against the dollar, to change hands to $0.97805 at 7:29 am CET. The pound sterling grew by 0.56% against the American currency, to sell at $1.12206 a minute later.

Baha Breaking News (BBN) / AB

Happy Friday y’al
Enjoy your weekend.

Major European stock indexes traded above the flatline in premarket on Friday as investors awaited to receive updates on the Eurozone's and German services sector, as well as the report on the United Kingdom's construction PMI.

In addition, data on the euro area's producer price index will be published in the coming hours, while market participants brace for the release of the nonfarm payrolls which is to unveil the unemployment rate in the United States.

Frankfurt's DAX rose by 0.44% at 7:28 am CET. The CAC 40 and the FTSE 100 increased by 0.57% and 0.58% respectively.

The euro gained 0.30% against the dollar, to change hands to $0.97805 at 7:29 am CET. The pound sterling grew by 0.56% against the American currency, to sell at $1.12206 a minute later.

Baha Breaking News (BBN) / AB

Happy Friday y’al
Gold currently up over 1%
Not too shabby, enjoy your weekend.

https://twitter.com/centaminplc/status/1588168641002221568?s=46&t=zMpFqQtCHlmbW4x7r26RiA

Major stock indexes in Europe traded lower in premarket on Thursday, as all eyes were on the central banks after yesterday's disappointing data. Later today, the Bank of England is expected to reveal its latest monetary policy decision, as the battle to push inflation back continues.

The Federal Reserve followed through with its fourth 75-basis-point interest rate hike, as its chair underlined it's still too early to think about pausing rate increases.

DAX tumbled 0.72% at 7:17 am CET, while CAC 40 was down 0.74% and FTSE 100 lost 0.58% at the same time.

Both the euro and the pound were flat against the dollar at 7:21 am CET, selling for 0.98156 and 1.13924 respectively.

Baha Breaking News (BBN) / AY

Major stock indexes in Europe traded lower in premarket on Thursday, as all eyes were on the central banks after yesterday's disappointing data. Later today, the Bank of England is expected to reveal its latest monetary policy decision, as the battle to push inflation back continues.

The Federal Reserve followed through with its fourth 75-basis-point interest rate hike, as its chair underlined it's still too early to think about pausing rate increases.

DAX tumbled 0.72% at 7:17 am CET, while CAC 40 was down 0.74% and FTSE 100 lost 0.58% at the same time.

Both the euro and the pound were flat against the dollar at 7:21 am CET, selling for 0.98156 and 1.13924 respectively.

Baha Breaking News (BBN) / AY

European stock markets traded higher in Wednesday's pre-market session ahead of the release of key economic data. During the session, investors will receive the latest data on unemployment and manufacturing from Germany and the EU.

In addition, global traders will be closely monitoring the news on the US Federal Reserve's latest decision to be announced today. The central bank is expected to raise interest rates by 75 basis points.

The DAX gained 0.33% at 7:15 am CET, while the CAC 40 added 0.33%, and the FTSE 100 rose 0.14%.

The euro improved by 0.07% against the dollar at 7:18 am CET, selling for $0.98809. In comparison, the pound grew by 0.16% to go for $1.15029 at the same time.

Baha Breaking News (BBN) / JG

Happy hump y’al

European stock markets traded higher in Wednesday's pre-market session ahead of the release of key economic data. During the session, investors will receive the latest data on unemployment and manufacturing from Germany and the EU.

In addition, global traders will be closely monitoring the news on the US Federal Reserve's latest decision to be announced today. The central bank is expected to raise interest rates by 75 basis points.

The DAX gained 0.33% at 7:15 am CET, while the CAC 40 added 0.33%, and the FTSE 100 rose 0.14%.

The euro improved by 0.07% against the dollar at 7:18 am CET, selling for $0.98809. In comparison, the pound grew by 0.16% to go for $1.15029 at the same time.

Baha Breaking News (BBN) / JG

Happy hump y’al

https://twitter.com/centaminplc/status/1587369039256494081?s=46&t=4ofto_F1xyrpNNTaQVuWxg

European stock futures traded higher in the premarket session of Tuesday just hours ahead of the US Federal Reserve's latest interest rate decision.

However, on the other hand, extra pressure remains over the intensity of the rate hikes on the block. Earlier, it was known that according to European Central Bank (ECB) President Christine Lagarde, the likelihood of a recession has increased. Besides the latter, today, European investors are ready for a fresh batch of economic data and the release of more earnings reports.

At 8:00 am CET, the German DAX gained 0.13%, while the CAC 40 added 0.31%, and the FTSE 100 rose 0.61%.

The euro improved by 0.50% against the dollar at 7:59 am CET, selling for $0.99312. In comparison, the pound grew by 0.61% to go for $1.15402 at the same time.

Baha Breaking News (BBN) / JG

European stock futures traded higher in the premarket session of Tuesday just hours ahead of the US Federal Reserve's latest interest rate decision.

However, on the other hand, extra pressure remains over the intensity of the rate hikes on the block. Earlier, it was known that according to European Central Bank (ECB) President Christine Lagarde, the likelihood of a recession has increased. Besides the latter, today, European investors are ready for a fresh batch of economic data and the release of more earnings reports.

At 8:00 am CET, the German DAX gained 0.13%, while the CAC 40 added 0.31%, and the FTSE 100 rose 0.61%.

The euro improved by 0.50% against the dollar at 7:59 am CET, selling for $0.99312. In comparison, the pound grew by 0.61% to go for $1.15402 at the same time.

Baha Breaking News (BBN) / JG

RNS due today.

Major European stock equities were above the flatline in the premarket session on Monday as market participants awaited the release of data on inflation and gross domestic product (GDP) in the bloc.

Frankfurt's DAX rose by 0.41% at 7:11 am CET. The CAC 40 gained 0.34%, and London's FTSE 100 was up by 0.14% at the same time.

The euro lost 0.19% against the dollar, to change hands to $0.99472 at 7:14 am CET. The pound sterling traded 0.14% lower against the American currency, to sell at $1.15955, a minute later.

Baha Breaking News (BBN) / AB

Happy Monday y’al

Major European stock equities were above the flatline in the premarket session on Monday as market participants awaited the release of data on inflation and gross domestic product (GDP) in the bloc.

Frankfurt's DAX rose by 0.41% at 7:11 am CET. The CAC 40 gained 0.34%, and London's FTSE 100 was up by 0.14% at the same time.

The euro lost 0.19% against the dollar, to change hands to $0.99472 at 7:14 am CET. The pound sterling traded 0.14% lower against the American currency, to sell at $1.15955, a minute later.

Baha Breaking News (BBN) / AB

Happy Monday y’al