Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
High-flying euro suppresses European equities
On Monday, the euro reached a 23-month peak versus an ailing greenback, putting pressure on equities of EU exporters before weaker-than-expected German business activity suppressed the common currency.
In Asian trade the euro hit $1.1684 before pulling back to $1.1648, tumbling 0.2% on the day. The common currency reached a minimum for the day of $1.1638 after preliminary data demonstrating that in July German private sector surged decreased more than expected.
The common currency’s strength helped to push the greenback – already suppressed by political uncertainty in Washington - to its lowest value in 13 months versus a basket of key currencies.
The common currency has ascended in recent weeks on hopes that the European Central Bank will get down to scaling back its bond-buying monetary stimulus scheme.
On Monday, European equities went down. The exporter-dominated German DAX index lost 0.2%, while the pan-European STOXX 600 index slumped 0.1%, having dropped 1% on Friday as the strong common currency put pressure on earnings.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Progress in US Debt Talks, Gold Is Down
Some progress in US debt ceiling talks is made, and the PMI data is out.
