Crude oil futures on Wednesday lost value, tugged down in the aftermath of European oil companies acknowledging they are being investigated for manipulating prices of the energy commodity, according to Bloomberg.
Wednesday saw the shared currency of the European Union drop to its six-week trough against the U.S. dollar after the release of underwhelming economic data about Germany and the euro zone, according to Bloomberg.
Tuesday saw the common currency of the European Union slip after investor outlook did not increase as much as forecast in Germany, the host of the 17-nation bloc's largest economy, Reuters reports. But losses for the euro were curbed by economic data noting regional industrial generation was greater-than-projected. ZEW think tank in Germany released poll… Read more.
Active trade data from the globe's top consumer helped push copper futures to their top price in about 21 days on Wednesday, spurring speculation about a resumption of strong demand for the base metal, according to Reuters. But questions remain about how strongly the globe's economic health is advancing, which tempered gains for the reddish… Read more.
Wednesday saw the shared currency of the European Union climb against the world's reserve currency following Germany's release of strong industrial production data, Reuters reports. As the largest economy in the 17-nation euro bloc, Germany also released stronger-than-forecast economic data earlier in the week regarding industrial orders. But those gains are likely to be curbed… Read more.
Tuesday saw the common currency of the European Union rise against the majority of its counterpart currencies, pushed up by Germany's release of stronger-than-anticipated economic data about industrial orders, Reuters reports. The euro is unlikely to hold those gains as the central bank of the region is projected to intervene as a method of spurring… Read more.
Monday saw the common currency of the European Union come under fire and lose value, according to published reports. In the aftermath of policy makers with the European Central Bank late last week opting to cut borrowing costs by 25 basis points and president Mario Draghi noting the bank is monitoring economic data and prepared… Read more.
Speculation about the central bank being set to cut interest rates pulled down the shared currency of the European Union on Tuesday as the 17-nation monetary unit fell from its one-week high against the U.S. dollar, Bloomberg reports. The euro-region also saw the unemployment rate push to record highs last month, which also impacted the… Read more.
Copper futures were increasing in value on Wednesday, reversing three consecutive trading sessions of losses amid speculation that worldwide central banks might be poised to intervene to spur economies, Bloomberg reports. Reuters reports the reddish metal pushed higher than $7,000 per ton but gains were tempered by concerns about the strength of global economic growth,… Read more.
The shared currency of the European Union slipped against the U.S. dollar on Wednesday as the largest economy in the 17-nation bloc is set to release data noting business confidence is waning, according to Bloomberg. Published by the Ifo Institute in Germany, the business climate index is forecast to plunge to 106.2 in April after… Read more.