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#Eurozone

Benzinga

Mid-Day Market Update: Crude Oil Surges 3%; Kaival Brands Shares Plunge

Midway through trading Wednesday, the Dow traded up 0.16% to 34,633.63 while the NASDAQ fell 0.02% to 15,035.07. The S&P also rose, gaining 0.19% to 4,451.27. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 41,367,770 cases with around 663,960 deaths. India confirmed a total of at least 33,316,750 cases and 443,490 deaths, while Brazil reported over 21,019,830 COVID-19 cases with 587,790 deaths. In total, there were at least 225,885,010 cases of COVID-19 worldwide with more than 4,650,840 deaths, according to data compiled by Johns Hopkins University.
MARKETS
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babypips.com

Daily U.S. Session Watchlist: USD/JPY

We’re seeing Uncle Sam’s retail sales numbers today!. Will the release help traders decide on a bias ahead of next week’s FOMC event?. Before moving on, ICYMI, today’s Asia-London session watchlist checked out NZD/JPY’s fresh breakout ahead of New Zealand’s GDP release. Be sure to check out if it’s still a valid play!
RETAIL
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notebookcheck.net

Honor MagicBook 14 and MagicBook 15 refreshed with AMD Ryzen 5 5500U processors

Honor has been selling the MagicBook 14 and MagicBook 15 for a while now. Last year, we reviewed both the Ryzen 5 3500U and Ryzen 5 4500U models, but the company launched the Ryzen 5 2500U-powered MagicBook in 2018. Now, Honor has launched Ryzen 5 5500U versions of the MagicBook 14 and MagicBook 15, which can be pre-ordered in Russia with 512 GB of storage and two complimentary gifts. Honor restricts the former to 8 GB of RAM though, with the latter afforded 16 GB.
COMPUTERS
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TRENDING TOPICS

Mid-Afternoon Market Update: Dow Jumps 250 Points; GreenSky Shares Spike Higher

Toward the end of trading Wednesday, the Dow traded up 0.72% to 34,827.73 while the NASDAQ rose 0.58% to 15,125.38. The S&P also rose, gaining 0.82% to 4,479.33. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 41,367,770 cases with around 663,960 deaths. India confirmed a total of at least 33,316,750 cases and 443,490 deaths, while Brazil reported over 21,019,830 COVID-19 cases with 587,790 deaths. In total, there were at least 225,885,010 cases of COVID-19 worldwide with more than 4,650,840 deaths, according to data compiled by Johns Hopkins University.
STOCKS
crowdfundinsider.com

Real Time or Instant B2B Payments Are Being Offered, but Service Needs Improvements: Report

The team at Banking Circle, an established payments service provider, has looked into how collaboration can “speed up the real-time payments revolution for corporates.”. “For retail customers, instant payments have come to be expected, but in the B2B world, that kind of speed and convenience is not yet the standard. However, a time in which real-time payments become the norm for businesses might not be as far off as it feels. Even when it comes to cross border payments.”
TECHNOLOGY

The Pound as a Pro-Cyclical Currency

The British currency’s performance is partly influenced by global forces and Sterling tends to fall when global investor sentiment weakens. Particularly, this was evident when UK domestic economic data was limited, as Sterling was mainly driven by global trends. It is also characteristic that when the US dollar weakens, the pound tends to rise and vice versa, as the US dollar is a countercyclical currency and falls when global sentiment is positive. Instead, when global economy weakens, the dollar appreciates.
CURRENCIES
Benzinga

A Peek Into The Markets: US Stock Futures Edge Lower Ahead Of Jobless Claims Data

U.S. stock futures traded slightly lower in early pre-market trade after the Dow Jones climbed more than 200 points in the previous week. Data on initial jobless claims, retail sales and Philadelphia Fed manufacturing index will be released at 8:30 a.m. ET. Data on business inventories for July will be released at 10:00 a.m. ET.
STOCKS
CountingPips.com

Eurozone August Inflation: Can It Affect ECB Policy?

Normally, the release of the eurozone inflation data isn’t that much of an event for the markets. This is because we get the result from the publication of the major EU economies’ CPI figures in the days ahead. Traders already know what the results are most likely going to be, and there are rarely any surprises.
BUSINESS
thegaltimes.com

Eurozone trade surplus declines in July – ISTOÉ MONEY

BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world declined in July compared to the previous year, data released by the European Union’s statistics agency showed on Thursday, as imports increased by one faster pace than exports. Eurostat said the eurozone’s unadjusted trade surplus with...
ECONOMY
actionforex.com

Yen Stays Firm on Risk Aversion in Asia, But Dollar Holding on to Support

Yen is trading generally firm today as risk sentiment in Asia is decoupling from that of the US. Nikkei is so far rather resiliently holding above 30k handle, despite slight retreat. But Hong Kong HSI is having another day of heavy selling, breaking to a new low for the year. The fact that Swiss Franc is not following suggests it’s more of a problem of Asia. Meanwhile, Aussie is currently the worst performing after poor job data. Kiwi is only getting very mild support from GDP. Dollar and Euro are mixed.
MARKETS
FXStreet.com

Loonie soars on Canadian CPI spike, outperforms

Summary: The Canadian Loonie soared against the US Dollar, outperforming its G10 peers after Canada’s Annual Consumer Price Index climbed to its highest level since 2003. In the UK, consumer inflation was higher than forecast, boosting the British Pound. The USD/CAD pair slumped 0.53% to 1.2627 in late New York (1.2694). Sterling rallied 0.24% to 1.3845 at the New York close against 1.3813 yesterday. The Dollar Index (USD/DXY) which measures the value of the Greenback against a basket of 6 major currencies eased 0.15% to 92.50 from 92.65. Commodity currencies advanced against the Greenback. The Australian Dollar rallied to 0.7333 from 0.7320 while the Kiwi (NZD/USD) was up 0.17%to 0.7110 (0.7098). In subdued trade, the Euro climbed to 1.1817 from 1.1802 yesterday. USD/JPY slipped to 109.38 from 109.65. The Greenback was mostly softer against the Asian and Emerging Market Currencies. USD/CNH (US Dollar- Offshore Chinese Yuan) dipped 0.12% to 6.4275 (6.4355). Against the Singapore Dollar, the Greenback eased to close at 1.3405 from 1.3438 in Asia yesterday. Global bond yields settled a touch higher. The US 10-year Treasury bond rate was last at 1.30% (1.28%). Germany’s 10-year Bund yield settled at -0.31% from -0.34% yesterday. The UK 10-year Gilt yield climbed 4 basis points to 0.78% from 0.74%. Canadian 10-year Bond rates were up 5 basis points to 1.22% (1.17%).
BUSINESS
MENAFN

Eurozone industrial production recovers while labour costs drop

(MENAFN - ING) Eurozone industrial production recovered strongly in July after two months of contraction. As the seasonal adjustment flatters the summer months, it is too soon to dismiss the negative growth impact of supply chain problems. Meanwhile, the drop in labour costs is a statistical quirk. Author Peter Vanden...
BUSINESS
actionforex.com

Eurozone exports rose 11.4% yoy in Jul, imports rose 17.1% yoy

Eurozone exports of goods to the rest of the world rose 11.4% yoy in July to EUR 206.0B. Imports rose 17.1% yoy to EUR 185.3B. As a result, Eurozone recorded a EUR 20.7B surplus in trade, Intra-Eurozone trade rose 16.8% yoy to EUR 179.7B. In seasonally adjusted term, Eurozone exports...
ECONOMY
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