• Dollar firms before inflation data; euro struggles

    11 days ago - By Reuters

    The dollar edged higher to a new nine-day high on Thursday thanks to a bounce in equities and concerns that U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.
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  • Stock futures rise as big deals, earnings hope dull tariff fears

    11 days ago - By Reuters

    U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.
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  • The EU Just Slashed the Eurozone Growth Forecast Because of U.S. Trade War Tensions

    11 days ago - By Fortune

    The Eurozone is already bracing for the fallout of tightening trade tensions with the U.S.
    Europe's summer interim forecast puts growth 0.2% lower than its spring forecast, around 2.1% for 2018 and 2% for 2019.
    Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said the downward revision was due to external factors such as U.S. trade uncertainty and high oil prices.
    Oil prices are driving inflation, with 1.9% for the EU as a whole and 1.7% for the countries using the euro. Eurozone wages have also finally begun to climb, the FT reported earlier this...
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  • Dollar near 1 1/2-week highs as U.S. price data eyed

    11 days ago - By Reuters

    The dollar held at a nine-day high on Thursday, bolstered by concern U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.
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