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European stocks traded mixed premarket on Friday amid the publication of more economic data and after the most recent interest rate decisions from the Bank of England (BoE) and the Swiss National Bank (SNB).

At 8:00 am CET, the DAX and the FTSE 100 were flat, while the CAC 40 fell 0.20%, and the pan-European Euro Stoxx 50 decreased by 0.42%.

The euro and the British pound were down 0.24% and 0.23% against the dollar at 8:00 am CET, selling for $1.08329 and $1.26291, respectively.

Baha Breaking News (BBN) / JG

Happy Friday y’al

Enjoy your weekend.

European stocks traded mixed premarket on Friday amid the publication of more economic data and after the most recent interest rate decisions from the Bank of England (BoE) and the Swiss National Bank (SNB).

At 8:00 am CET, the DAX and the FTSE 100 were flat, while the CAC 40 fell 0.20%, and the pan-European Euro Stoxx 50 decreased by 0.42%.

The euro and the British pound were down 0.24% and 0.23% against the dollar at 8:00 am CET, selling for $1.08329 and $1.26291, respectively.

Baha Breaking News (BBN) / JG

Happy Friday y’al

Enjoy your weekend.

Gold currently $2170.05

Financial Times: The Bank of England governor Andrew Bailey yesterday signalled that its Monetary Policy Committee was edging closer to cutting borrowing costs as it held interest rates at 5.25%.

The Times: The FTSE 100 rose to its highest level in nearly 11 months, as global equity markets rallied on the prospect of interest rate cuts in the coming months by Britain, America and Europe.

The Times: Activity across the UK’s private sector has grown steadily this month, showing further signs that the economy has climbed out of a ‘brief recession’.

The Guardian: Next has said the prices it charges customers are falling, as the fashion and homeware retailer reported bumper profits and pointed to an improving UK consumer backdrop

I wonder how goldgnome is doing, the last time he posted was on February 11th when the share price was 91.5p.

I do hope our Aussy friend is okay!

“Gold miner Centamin (CEY) rose 3.9%, or 4p, to 110p after reporting higher gold production last year and kept guidance on track for this year as the price of the precious metal continues to hit fresh highs. It reached a record of $2,222.39 (£1,741) per ounce on the back of the Fed’s interest rate meeting.”

Gold currently $2180.56

https://citywire.com/funds-insider/news/ftse-flies-2-higher-on-fed-rally-and-as-bailey-primes-bank-rate-cut/a2438809

New car sales rose 10.1% in February compared to the same period last year, the European Automobile Manufacturers’ Association (ACEA) reported on Thursday.

According to the association, the surge, totaling 883,608 units, reflects growing consumer confidence and interest in the automotive sector. Notably, the battery-electric vehicle (BEV) segment maintained its market share at 12%, demonstrating stable growth amidst a dynamic market landscape.

Petrol cars continue to dominate sales, with hybrid-electric models following closely. Diesel vehicles experienced a decline across most major markets, excluding Germany. France and Italy led the growth among the four major EU markets, with registrations up by 13% and 12.8%, respectively.

Baha Breaking News (BBN) / JG

I think the low dividend is a mark of the new management.

I think if they reach the level of having a few hundred million in the bank they will still be reluctant to hand it out in dividend payments.

Martin Horgan repeatedly mentions m&a, I believe he has foresight to making acquisitions which will lead to Centamin’s share price being circa £3 or £4 and even beyond.

Give the surplus cash to the shareholders is history.

Equities in Europe traded higher in the premarket on Thursday after the Federal Reserve's decision to keep the key interest rate the same propelled the Dow Jones Industrial Average to an all-time high close. Investors also prepared for the Bank of England's (BoE) new monetary policy move and the reports on services and manufacturing in Germany, the Eurozone, and Britain.

The DAX gained 0.95% at 8:00 am CET. At the same time, the FTSE 100 advanced by 0.73%. The CAC 40 increased by 0.95%. The Eurostoxx 50 went up by 1.15%.

The euro grew by 0.14% at 7:58 am CET to sell for $1.09371. Simultaneously, the pound sterling rose by 0.06% to go for $1.27933.

Baha Breaking News (BBN) / JR

World market conditions improving continuously

Equities in Europe traded higher in the premarket on Thursday after the Federal Reserve's decision to keep the key interest rate the same propelled the Dow Jones Industrial Average to an all-time high close. Investors also prepared for the Bank of England's (BoE) new monetary policy move and the reports on services and manufacturing in Germany, the Eurozone, and Britain.

The DAX gained 0.95% at 8:00 am CET. At the same time, the FTSE 100 advanced by 0.73%. The CAC 40 increased by 0.95%. The Eurostoxx 50 went up by 1.15%.

The euro grew by 0.14% at 7:58 am CET to sell for $1.09371. Simultaneously, the pound sterling rose by 0.06% to go for $1.27933.

Baha Breaking News (BBN) / JR

Happy numbers day y’al

We really couldn’t ask for better market conditions in which to announce the 2023 earnings.

Asia and Europe both trading higher plus,

Gold currently $2207.77

The price of spot gold continued to surge, breaking new records and surpassing the $2,200 milestone.

The increase was seemingly affected by the earlier Federal Reserve monetary decision to keep the rates unchanged for the fifth meeting in a row. The optimism was also driven by the Federal Reserve Chairman Jerome Powell who noted that the monetary policy easing could occur "at some point of this year."

Gold rose 0.69% at 6:59 pm ET, going for $2,201.56. At the same time, silver advanced 0.24%, selling for $25.64. Meanwhile, simultaneously, platinum gained 0.30%, going for $912.28, and palladium rose 0.31%, selling at $1,000.02.

Baha Breaking News (BBN) / DD

Currently $2206.91

The price of precious metals grew immediately after the Federal Reserve unveiled its monetary policy decision on Wednesday, with the central bank deciding to hold the rates unchanged for the fifth meeting in a row.

The policymakers appeared to be confident in implementing three rate cuts this year which seemed to increase appetite for safe-haven assets.

Silver gained 1.55% to $25.30 per ounce at 2:07 am ET. At the same time, gold rose 0.78% to sell at $2,175.20 per ounce, palladium jumped 1.27% to $989.00 per ounce, and platinum added 0.58% to go for $901.80 per ounce.

Baha Breaking News (BBN) /

Gold currently $2165.10

United States Federal Reserve's Federal Open Market Committee (FOMC) announced on Wednesday, through a statement, that its members have reached a unanimous decision to keep the federal funds rate at a range of 5.25% to 5.50% for the fifth consecutive time.

The central bank backed its decision by noting a further deceleration in inflation while emphasizing that prices still remain "elevated." Additionally, it stated that the economy experienced growth at a "strong" rate, with robust employment figures and a low rate of unemployment.

The Fed reaffirmed that it will closely monitor and evaluate further information in order to determine the most suitable course of action for monetary policy and added that it does not consider "appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably" to the 2% target.

Baha Breaking News (BBN) / RR

British Chancellor of the Exchequer Jeremy Hunt praised on Wednesday in a statement the latest consumer inflation figures in the country, noting that "the plan is working."

Hunt stressed that inflation not only declined "decisively" but is also seen reaching the 2% goal "within months."

"This sets the scene for better economic conditions which could allow further progress on our ambition to boost growth and make work pay by bringing down national insurance as we work towards abolishing the double tax on work - but only if we can do so without increasing borrowing or cutting funding for public services," Hunt underlined.

Baha Breaking News (BBN) / AY

Major European stock indexes traded mixed in premarket on Wednesday as investors focused on the upcoming reports on German producer prices, British inflation, and European Union construction output. In business, BioNTech SE is expected to release its fourth-quarter financial results later in the day.

The DAX added 0.11% at 8:00 am CET, while the FTSE 100 was flat. At the same time, the CAC 40 dropped 0.29%, and the Euro Stoxx 50 lost 0.26%.

Both the euro traded flat against the dollar at 7:58 am CET, selling for $1.08695. At the same time, the pound fell 0.07% compared to the greenback to go for $1.27126.

Baha Breaking News (BBN) / JJ

Happy hump y’al

Inflation down to 3.4% in February

Consumer prices up 0.3%

Major European stock indexes traded mixed in premarket on Wednesday as investors focused on the upcoming reports on German producer prices, British inflation, and European Union construction output. In business, BioNTech SE is expected to release its fourth-quarter financial results later in the day.

The DAX added 0.11% at 8:00 am CET, while the FTSE 100 was flat. At the same time, the CAC 40 dropped 0.29%, and the Euro Stoxx 50 lost 0.26%.

Both the euro traded flat against the dollar at 7:58 am CET, selling for $1.08695. At the same time, the pound fell 0.07% compared to the greenback to go for $1.27126.

Baha Breaking News (BBN) / JJ

Happy hump y’al

Gold currently $2157.22

Centamin’s 2023 Full Year Results due tomorrow

🤙

ASOS numbers.

Marginal increases Cey holding

Marginal increases Cey holding

Equities in Europe traded lower in the premarket on Tuesday after the newest reports on the Eurozone's economy showed a lower trade surplus in January than in December and no change in its annual inflation rate compared to the preliminary document.

The DAX declined by 0.15% at 7:54 am CET. At the same time, the FTSE 100 dropped by 0.32%. The CAC 40 decreased by 0.15%. The Eurostoxx 50 went down by 0.28%.

The euro fell by 0.06% against the dollar at 7:55 am CET to sell for $1.08665. A minute later, the pound sterling dipped by 0.15% against the United States currency to go for $1.27091.

Baha Breaking News (BBN) / JR

Gold currently $2156.18