July 1, 2024
Chicago 12, Melborne City, USA
Europe

Morning Bid: Dollar Faces More Economic Jitters

A look at the day ahead in European and global markets from Kevin Buckland The once-dominant U.S. dollar is continuing to struggle, shaken by recent economic data suggesting that the narrative of U.S. economic exceptionalism may be losing its grip. On Tuesday, the dollar index fell to a new two-month low during Asian trading hours,

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Europe

Eurozone Consumers Lower Inflation Expectations, ECB Survey Reveals

Eurozone consumers have adjusted their inflation expectations downward, according to a recent European Central Bank (ECB) survey released on Tuesday. This shift comes as the ECB prepares to unwind a historic series of interest rate hikes. The survey indicates that consumers expect inflation over the next 12 months to decrease to 2.9%, down from 3.0%

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Europe United States

Global Shares Edge Up as US and EU Inflation Data Awaited

Global shares gained momentum on Monday as investors prepared for a significant week of inflation data releases, which could potentially pave the way for a European rate cut as early as next week and a U.S. policy easing in the coming months. Market Dynamics and Economic Indicators Holidays in Britain and the United States led

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Europe

Spain to Provide €1 Billion in Military Aid to Ukraine in 2024

Spain has committed to delivering €1 billion ($1.08 billion) worth of military equipment to Ukraine throughout 2024. This agreement was formalized in a bilateral deal signed by Ukrainian President Volodymyr Zelenskiy and Spanish Prime Minister Pedro Sanchez on Monday, according to a document obtained by Reuters. Strategic Impact and Market Implications This substantial military support

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Business Europe World

Yellen Presses German Banks for Tighter Compliance on Russian Sanctions

During a pivotal meeting in Frankfurt, U.S. Treasury Secretary Janet Yellen called on top executives of German banks to intensify their compliance with sanctions imposed on Russia, emphasizing the necessity to obstruct any evasion efforts. Yellen articulated the significant role these banks play in upholding economic barriers set against Russia, particularly in relation to transactions

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Europe World

Georgia Advances Controversial ‘Foreign Agents’ Legislation Amidst National Outcry

In a significant legislative development, the Georgian parliament on Tuesday approved the contentious ‘foreign agents’ bill after its third reading, marking a critical step towards its enactment. Despite the imminent veto promised by President Salome Zourabichvili, the parliament, dominated by the ruling party, appears poised to override this opposition. During the heated debate, televised nationally,

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