EURGBP sliding as European desks evaluate German election fallout

A seismic shift in the German political landscape 25 Sept The euro opened lower in Asia but then recovered some poise seemingly brushing off the appearance of a far-right party in the German Bundestag for the first time since the end of WWII.

A seismic shift in the German political landscape 25 Sept The euro opened lower in Asia but then recovered some poise seemingly brushing off the appearance of a far-right party in the German Bundestag for the first time since the end of WWII.

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European Economics Preview: Germany's Ifo Business Confidence Data Due

European Economics Preview: Germany's Ifo Business Confidence Data Due Business sentiment from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Finland releases producer prices for August. Prices had increased 0.2 percent on month in July.
At 3.00 am ET, producer prices from Spain and consumer and business confidence from the Czech Republic are due. In July, Spain's producer prices had climbed 3.2 percent annually.
In the meantime, Austria's final GDP data for the second quarter is due.
At 4.00 am ET, Germany's Ifo business confidence survey results are due. Economists forecast the business sentiment index to remain unchanged at 115.9 in September.

European Economics Preview: Germany's Ifo Business Confidence Data Due

european economics preview: germany's ifo business confidence data due

Business sentiment from Germany is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Finland releases producer prices for August. Prices had increased 0.2 percent on month in July.

At 3.00 am ET, producer prices from Spain and consumer and business confidence from the Czech Republic are due. In July, Spain's producer prices had climbed 3.2 percent annually.

In the meantime, Austria's final GDP data for the second quarter is due.

At 4.00 am ET, Germany's Ifo business confidence survey results are due. Economists forecast the business sentiment index to remain unchanged at 115.9 in September.

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European stocks end the session mostly higher. 10 yr. yields little changed.

Not much change from yesterday The European major stock indices are ending the session unchanged to up. The German Dax and Portugal PSI20 lag: In the 10 year debt market today, yields are near unchanged levels from yesterday's closing levels:

Not much change from yesterday The European major stock indices are ending the session unchanged to up. The German Dax and Portugal PSI20 lag: In the 10 year debt market today, yields are near unchanged levels from yesterday's closing levels:

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Trading ideas for the European session 22 Sept

Your daily thread to exchange trading ideas and discussion 22 Sept Plenty of volatility this week so how are you left now ? Share your trading thoughts/positions here with the ForexLive community, and I wish you good trading as always.

Your daily thread to exchange trading ideas and discussion 22 Sept Plenty of volatility this week so how are you left now ? Share your trading thoughts/positions here with the ForexLive community, and I wish you good trading as always.

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European equity markets open lower 22 Sept

Softer equity tones as markets officially get underway 22 Sept – FTSE -0.2% – DAX -0.2% – CAC40 -0.2% – FTMIB -0.2% – IBEX -0.1% In China the SCI closes down -0.2% . CS1300 Index flat but up 0.2% on the week.

Softer equity tones as markets officially get underway 22 Sept – FTSE -0.2% – DAX -0.2% – CAC40 -0.2% – FTMIB -0.2% – IBEX -0.1% In China the SCI closes down -0.2% . CS1300 Index flat but up 0.2% on the week.

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European Economics Preview: Eurozone Flash PMI Data Due

European Economics Preview: Eurozone Flash PMI Data Due Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.
At 2.45 am ET, the statistical office Insee publishes France's final quarterly national account report. Gross domestic product is forecast to grow 0.5 percent sequentially in the second quarter, unchanged from previous estimate.
At 3.00 am ET, IHS Markit releases France's flash PMI results. The composite PMI is seen at 55 in September, down from 55.2 in August.
Half an hour later, Germany's preliminary PMI data is due. The composite PMI is expected to drop marginally to 55.7 in September from 55.8 in August.
At 4.00 am ET, IHS Markit is scheduled to issue Eurozone composite PMI data. The score is seen at 55.6 in September versus 55.7 in the previous month.
In the meantime, Poland's unemployment data is due. Economists forecast the jobless rate to drop marginally to 7 pe..

European Economics Preview: Eurozone Flash PMI Data Due

european economics preview: eurozone flash pmi data due

Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.

At 2.45 am ET, the statistical office Insee publishes France's final quarterly national account report. Gross domestic product is forecast to grow 0.5 percent sequentially in the second quarter, unchanged from previous estimate.

At 3.00 am ET, IHS Markit releases France's flash PMI results. The composite PMI is seen at 55 in September, down from 55.2 in August.

Half an hour later, Germany's preliminary PMI data is due. The composite PMI is expected to drop marginally to 55.7 in September from 55.8 in August.

At 4.00 am ET, IHS Markit is scheduled to issue Eurozone composite PMI data. The score is seen at 55.6 in September versus 55.7 in the previous month.

In the meantime, Poland's unemployment data is due. Economists forecast the jobless rate to drop marginally to 7 percent in August from 7.1 percent in July.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey for September. The retail sales balance is seen unchanged at +13 percent.

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Prime News: European Markets Gain after Fed Signals December Rate Hike

European Markets Gain after Fed Signals December Rate Hike European markets finished higher on Thursday after the Federal Reserve announced a plan to begin unwinding its balance sheet and hinted at one more interest rate rise for this year.
The pan-European Stoxx 600 rose 0.24 percent, with most sectors and major bourses in the green. The Euro Stoxx 50 index of eurozone bluechip stocks rose 0.41 percent, while the Stoxx Europe 50 index, which includes some major U.K. firms, gained 0.42 percent.
The banking index led advances on Thursday, climbing 1.5 percent, amid reports of a possible merger.
The German government is reported to be in favor of a merger between state-backed Commerzbank and France's BNP Paribas, according to German weekly WirtschaftsWoche, citing financial sources. Shares of Commerzbank jumped over three percent and BNP Paribas gained one percent on the news report.
According to a report from Reuters, Italy's UniCredit has also made early approaches to a..

European Markets Gain after Fed Signals December Rate Hike

European Markets Gain after Fed Signals December Rate Hike

European markets finished higher on Thursday after the Federal Reserve announced a plan to begin unwinding its balance sheet and hinted at one more interest rate rise for this year.

The pan-European Stoxx 600 rose 0.24 percent, with most sectors and major bourses in the green. The Euro Stoxx 50 index of eurozone bluechip stocks rose 0.41 percent, while the Stoxx Europe 50 index, which includes some major U.K. firms, gained 0.42 percent.

The banking index led advances on Thursday, climbing 1.5 percent, amid reports of a possible merger.

The German government is reported to be in favor of a merger between state-backed Commerzbank and France's BNP Paribas, according to German weekly WirtschaftsWoche, citing financial sources. Shares of Commerzbank jumped over three percent and BNP Paribas gained one percent on the news report.

According to a report from Reuters, Italy's UniCredit has also made early approaches to authorities in Germany in order to sound-out support for a merger with Commerzbank. Shares of UniCredit were up 2.40 percent in Milan.

Basic resources stocks fell following the earthquake in Mexico which weighed on mining stocks. Precious metal miner Fresnillo, which is headquartered in Mexico, dropped 2.2 percent. The company wrote in a statement that its offices were unaffected by the quake.

Ailing British outsourcing giant Capita posted its underlying revenue in the first six months of the year, which had declined three percent as it worked its way through difficult contracts. The UK company said an overhaul of its operations, along with its search for a new chief executive, remained on track. Shares of the company plunged 11.5 percent.

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European stocks close with gains. Yields up a bit.

Likes the lower EUR a bit The major European indices are ending the session with gains. The markets are liking the fall in the EUR. A lower EUR makes exports more competitive and can increase inflationary pressures as well.

Likes the lower EUR a bit The major European indices are ending the session with gains. The markets are liking the fall in the EUR. A lower EUR makes exports more competitive and can increase inflationary pressures as well.

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Trading ideas for the European session 21 Sept

Your daily thread to exchange trading ideas and discussion 21 Sept Plenty of volatility in last 24 hours so how you left now ? Share your trading thoughts/positions here with the ForexLive community, and I wish you good trading as always.

Your daily thread to exchange trading ideas and discussion 21 Sept Plenty of volatility in last 24 hours so how you left now ? Share your trading thoughts/positions here with the ForexLive community, and I wish you good trading as always.

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European equity markets open firmer 21 Sept

Equity markets in positive territory as trading officially gets underway 21 Sept – FTSE Flat In China the SCI closed down 0.2%, CS1300 Index down -0.1%

Equity markets in positive territory as trading officially gets underway 21 Sept – FTSE Flat In China the SCI closed down 0.2%, CS1300 Index down -0.1%

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