By Saikat Chatterjee LONDON (Reuters) -Following is market reaction to French President Emmanuel Macron's victory over rival Marine Le Pen in Sunday's election. With 97% of votes counted, Macron was on course for 57.4% of the vote, interior ministry figures showed Market reaction: The euro opened higher on Monday at $1.0852 compared with...
The Dow Jones Industrial Average (DJIA) dropped for a fourth consecutive week, sliding nearly 2% as risk-sentiment deteriorated sharply into the weekend. The trigger appeared to be a tangible increase in the Fed’s rhetoric to considerably ramp up policy tightening in the face of surging inflation that threatens to derail the...
A busy week ahead of US companies reporting Q1 earnings with household names including General Electric (GE), Microsoft (MSFT), Ford (F), Twitter (TWTR), Amazon (AMZN), and Apple (APPL) all set to deliver their latest quarterly financial updates. The two standout releases this week had very different outcomes with Netflix...
By Hannah Lang WASHINGTON (Reuters) -The dollar rebounded on Tuesday after digesting slightly softer-than-expected U.S. inflation data, while the euro extended losses ahead of a policy-setting meeting at the European Central Bank. Federal Reserve Governor Lael Brainard said on Tuesday that there were some signs of “welcome” cooling in the latest...
This morning brought the release of March CPI figures into markets and, once again, the headline CPI print came out above expectations. This time, however, we crossed the 8% marker with an 8.5% print, constituting yet another fresh 40-year high. There was a silver lining however as core CPI, stripping out food and...
Inflationary forces strengthened last month as Americans paid more for gasoline and groceries, pushing the cost of living to the highest level in more than four decades - a challenging economic environment that puts the onus on the Federal Reserve, whose credibility is on the line, to act aggressively to restore...

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Euro reaches five-year low

So far during the 20th week of 2022, the exchange rate of the single European currency, the euro (EUR) and the US...

Oil prices remain slightly above US$ 100 per barrel

The current course of oil trading on the commodity market shows that despite the agreement of OPEC and OPEC+ allies adopted at...

Price of gold rose slightly despite the strong US dollar

During the Tuesday trading morning of 10 May 2022, gold trading rose slightly, despite the still very strong exchange rate of the...

The largest rate increase in the US in the last 20 years

At its meeting on 4 May 2022, the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) raised the key interest rate by...

Moderna completes FDA submission for use of COVID shot in adolescents, kids

(Reuters) - Moderna (NASDAQ:MRNA) Inc has made all necessary submissions required by the U.S. Food & Drug Administration for emergency use authorization of its COVID-19 vaccine...