Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
EU economic sentiment sags in May after near ten-year peak in April
In May, euro zone economic sentiment edged down from an almost 10-year-peak in April versus expectations for an ascend because confidence mostly sank in services, as European Union data disclosed on Tuesday.
According to te European Commission's monthly poll, the overall index for the 19-country currency bloc went down to 109.2 from an upwardly revised April’s outcome of 109.7. Financial experts surveyed by Reuters had hoped for a soar to 110.0 points.
In May, a separate business confidence indicator, tracking the phase of the business cycle, edged down to 0.90 from an upwardly revised April’s outcome of 1.10, versus market hopes for a soar to 1.11.
The sag in market sentiment was mostly powered by decreasing optimism in the services sector, the largest in the euro zone that went down to 13.0 in May from April’s reading of 14.2.
Confidence in the retail sector went down to from 3.1 to 2.
The ECB is expected to raise the interest rate to 1.5% and oil is falling
Good morning, our dear traders! Are you ready for the news that is worth following for trading today? Let’s see! Today’s events: 14:00 GMT+2, EUR, ECB President Lagarde Speaks 16:30 GMT+2 CHF, Gov Board Member Maechler Speaks Bitcoin’s…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.