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Stock markets in Europe were flat to lower in Thursday's premarket trade in anticipation of the European Central Bank's policy meeting, during which officials are expected to hold their interest rates steady for the fourth consecutive time.

Meanwhile, investors also braced for the data releases on factory orders in Germany, the Swiss unemployment rate, and British housing prices.

Frankfurt's DAX and the Euro Stoxx 50 were flat. The CAC 40 dipped 0.12%. London's FTSE 100 fell 0.40%. The euro and the pound sterling were flat against the dollar, changing hands to 1.08996 and 1.27372 respectively at 7:57 am CET.

Baha Breaking News (BBN) / AB

Stock markets in Europe were flat to lower in Thursday's premarket trade in anticipation of the European Central Bank's policy meeting, during which officials are expected to hold their interest rates steady for the fourth consecutive time.

Meanwhile, investors also braced for the data releases on factory orders in Germany, the Swiss unemployment rate, and British housing prices.

Frankfurt's DAX and the Euro Stoxx 50 were flat. The CAC 40 dipped 0.12%. London's FTSE 100 fell 0.40%. The euro and the pound sterling were flat against the dollar, changing hands to 1.08996 and 1.27372 respectively at 7:57 am CET.

Baha Breaking News (BBN) / AB

Gold currently $2155.61

Chancellor says Office of Budget Responsibility forecasts inflation will fall below its target rate soon as it modestly upgrades its economic growth forecast from six months ago.

The Office for Budget Responsibility (OBR) has only slightly upped its forecast for the UK economy this year but delivered better news on inflation.

In line with the Bank of England’s latest forecasts, the OBR expects inflation to be below the central bank 2% target ‘in just a few months’ time’, said chancellor Jeremy Hunt.

Following news that Britain had entered a recession coming into this year, the UK’s fiscal watchdog now expects gross domestic product to rise by 0.8% in 2024, Hunt said, slightly up on the 0.7% forecast six months ago in the Autumn Statement.

Last month the Office for National Statistics estimated that GDP had dropped by 0.3% in the final quarter of the year, following a 0.1% fall in the previous quarter. That meets the most commonly accepted definition of a recession: two successive quarters of economic contraction.

While the OBR sees little reason for more positivity on this year, forecasts for later years were upgraded more clearly. The body now sees 1.9% growth in 2025, before 2.2% in 2026, 1.8% in 2027 and 1.7% in 2028.

The medium-term figures represent an improvement from the medium-term predictions six months ago of 1.4% in 2025 and 1.9% in 2026.

The chancellor placed more emphasis on the lower path for UK borrowing, noting that the OBR had reported that headline debt was ‘falling in every year’ of its forecast to 94% as a proportion of GDP in 2029.

$2127.69 🤭

Major European stock exchanges traded mostly with gains in the premarket on Wednesday as the attention turned to the United Kingdom and British Chancellor of the Exchequer Jeremy Hunt, with investors awaiting the spring budget announcement. Meanwhile, later this week, the European Central Bank will be revealing its interest rate decision.

The DAX was flat at 8:00 am CET. At the same time, the Euro Stoxx 50 added 0.08%, the CAC 40 increased 0.10%, and the FTSE 100 rose 0.25%.

At 7:59 am CET, both the euro and the pound were flat against the dollar, exchanging hands for 1.08599 and 1.27046, respectively.

Baha Breaking News (BBN) / AY

Happy hump y’al

Major European stock exchanges traded mostly with gains in the premarket on Wednesday as the attention turned to the United Kingdom and British Chancellor of the Exchequer Jeremy Hunt, with investors awaiting the spring budget announcement. Meanwhile, later this week, the European Central Bank will be revealing its interest rate decision.

The DAX was flat at 8:00 am CET. At the same time, the Euro Stoxx 50 added 0.08%, the CAC 40 increased 0.10%, and the FTSE 100 rose 0.25%.

At 7:59 am CET, both the euro and the pound were flat against the dollar, exchanging hands for 1.08599 and 1.27046, respectively.

Baha Breaking News (BBN) / AY

Gold currently $2127.69

Happy hump y’al

European stock exchanges were mostly lower during the premarket trade on Tuesday in anticipation of key data releases slated for publication in the coming hours which will include the euro area's producer inflation and an insight into the region's services sector activity, as well as separate reports on German and British industry.

Bayer AG also shared its closing quarter earnings for its fiscal 2023, noting that it saw €11.9 billion in revenue.

The DAX declined 0.12%. The CAC 40 was flat. The FTSE 100 was down by 0.45%. The Euro Stoxx fell 0.23%. The euro slipped 0.06% against the dollar, selling at 1.08486 at 8:02 am CET. The pound sterling slid 0.07% compared to the greenback, changing hands to 1.26806.

Baha Breaking News (BBN) / AB

European stock exchanges were mostly lower during the premarket trade on Tuesday in anticipation of key data releases slated for publication in the coming hours which will include the euro area's producer inflation and an insight into the region's services sector activity, as well as separate reports on German and British industry.

Bayer AG also shared its closing quarter earnings for its fiscal 2023, noting that it saw €11.9 billion in revenue.

The DAX declined 0.12%. The CAC 40 was flat. The FTSE 100 was down by 0.45%. The Euro Stoxx fell 0.23%. The euro slipped 0.06% against the dollar, selling at 1.08486 at 8:02 am CET. The pound sterling slid 0.07% compared to the greenback, changing hands to 1.26806.

Baha Breaking News (BBN) / AB

Gold currently $2115.56

Vol. Sold 1,428,195 Sold Value £1.35m

Vol. Bought 2,441,507 Bought Value £2.32m

Https://archive.is/2024.03.03-204411/https://www.telegraph.co.uk/business/2024/03/03/jeremy-hunt-hopes-90bn-london-shein-float-risks-derailed/

Good point Mr.Bond an upgrade from Liberum is way more valuable than any fluctuation in the gold price.

The prices of precious metals rose on Monday after the release of weaker-than-expected economic data in the United States last week, leaving the commodities again as a safe haven for investors.

According to the country's Institute for Supply Management (ISM), US manufacturing activity declined for the 16th month in a row in February. Additionally, the consumer confidence survey conducted by the University of Michigan indicated a decrease in optimism during the same period.

Gold advanced by 1.54% at 11:17 am ET to sell for $2,115.47 per ounce. At the same time, silver increased by 2.50%, going for $23.75 per ounce. Platinum went up by 1.54% at the same time to go for $900.91 per ounce. One minute later, palladium gained 0.31%, selling for $945.70 per ounce.

Baha Breaking News (BBN) / RR

Gold currently + 1.40% $2113.25

Major European stock indexes traded mostly lower in the premarket session on Monday as investors awaited the new reports on Swiss inflation and the Eurozone investor confidence to be published during the day. Additionally, German companies Bayer AG and Lufthansa Group are expected to release their quarterly financial results later in the week.

The DAX traded 0.07% lower at 8:00 am CET, while the FTSE 100 lost 0.09%. At the same time, the CAC 40 fell 0.11%, and the Euro Stoxx 50 gained 0.17%.

The euro added 0.09% against the dollar at 7:58 am CET, to sell for $1.08475. The British pound was up 0.08% compared to the US currency, changing hands at $1.26663 simultaneously.

Baha Breaking News (BBN) / JJ

Happy Monday y’al

Major European stock indexes traded mostly lower in the premarket session on Monday as investors awaited the new reports on Swiss inflation and the Eurozone investor confidence to be published during the day. Additionally, German companies Bayer AG and Lufthansa Group are expected to release their quarterly financial results later in the week.

The DAX traded 0.07% lower at 8:00 am CET, while the FTSE 100 lost 0.09%. At the same time, the CAC 40 fell 0.11%, and the Euro Stoxx 50 gained 0.17%.

The euro added 0.09% against the dollar at 7:58 am CET, to sell for $1.08475. The British pound was up 0.08% compared to the US currency, changing hands at $1.26663 simultaneously.

Baha Breaking News (BBN) / JJ

Happy Monday y’al

Gold currently $2084.86

Gold +1.29% $2070.03

European markets traded higher in the premarket on Friday as investors awaited the release of a new batch of data from the United States and Europe to cap off the trading week. Market participants anticipated the release of services activity data for the euro area, Germany, and the United Kingdom, as well as Switzerland's retail sales figures for January, and manufacturing and consumer sentiment data from the US.

In business, German car manufacturer Daimler Truck unveiled its fourth-quarter earnings report before the opening bell.

The German DAX added 0.28% and France's CAC 40 improved by 0.54% at 8:20 am CET. The UK's FTSE 100 gained 0.62% while the Euro Stoxx 50 increased by 0.41%.

The euro traded 0.07% above the dollar at 8:21 am CET, selling for 1.08159. The pound was 0.06% up compared to the US currency, changing hands for 1.26315 simultaneously.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend.

European markets traded higher in the premarket on Friday as investors awaited the release of a new batch of data from the United States and Europe to cap off the trading week. Market participants anticipated the release of services activity data for the euro area, Germany, and the United Kingdom, as well as Switzerland's retail sales figures for January, and manufacturing and consumer sentiment data from the US.

In business, German car manufacturer Daimler Truck unveiled its fourth-quarter earnings report before the opening bell.

The German DAX added 0.28% and France's CAC 40 improved by 0.54% at 8:20 am CET. The UK's FTSE 100 gained 0.62% while the Euro Stoxx 50 increased by 0.41%.

The euro traded 0.07% above the dollar at 8:21 am CET, selling for 1.08159. The pound was 0.06% up compared to the US currency, changing hands for 1.26315 simultaneously.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend.

Gold currently $2047.51

European markets traded flat to higher in the premarket on Thursday as investors awaited the release of to key inflation reports in the United States and Europe. Inflation data for February from Germany, Spain, and France is expected to be unveiled throughout the day.

The German DAX and France's CAC 40 both traded flat at 8:00 am CET. The UK's FTSE 100 gained 0.13% while the Euro Stoxx 50 increased by 0.12%.

The euro traded 0.08% below the dollar at 7:58 am CET, selling for 1.06785. The pound was 0.18% down compared to the US currency, changing hands for 1.23964 simultaneously.

Baha Breaking News (BBN) / RR

European markets traded flat to higher in the premarket on Thursday as investors awaited the release of to key inflation reports in the United States and Europe. Inflation data for February from Germany, Spain, and France is expected to be unveiled throughout the day.

The German DAX and France's CAC 40 both traded flat at 8:00 am CET. The UK's FTSE 100 gained 0.13% while the Euro Stoxx 50 increased by 0.12%.

The euro traded 0.08% below the dollar at 7:58 am CET, selling for 1.06785. The pound was 0.18% down compared to the US currency, changing hands for 1.23964 simultaneously.

Baha Breaking News (BBN) / RR

Gold currently $2037.42

William Barker, purchased 474,000 on February 26th

Interesting.