Crude Oil Futures Settle Higher

Oil prices edged higher on Monday, extending gains to a third successive session, despite lingering concerns about the outlook for economic growth and worries about excess crude supply in the market. At the same time, traders also appeared to be thinking about the possible impact of U.S.’ sanctions against Iran on global crude supply. There ...

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Gold Settles Higher Ahead Of US-China Trade Talks, Fed Minutes

Gold prices moved higher on Monday, rebounding strongly, after registering some sharp losses and even tanking to a near 20-month low in the previous week. Bargain hunting ahead of release of the minutes of the Federal Reserve’s August meeting and trade talks between the U.S. and China lifted gold prices. ...

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Pound Strengthens Against Majors

The pound climbed against its major rivals in the European session on Monday. The pound rose to 0.8939 against the euro, reversing from a low of 0.8975 hit at 5:00 pm ET. The pound climbed to 6-day highs of 1.2766 against the dollar and 1.2712 against the franc, from its ...

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Greece Successfully Exits Bailout

Greece finally emerged out of its final bailout programme helping it to re-enter the financial markets to raise own funds for the first time in eight years. “Greece is now in a position where it can enjoy the full extent of euro area membership, abiding by the same rules as ...

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Germany’s Growth Likely To Slow In Q3: Bundesbank

Germany’s economy is likely to remain on a sound growth path in the third quarter but the pace of growth could end up being somewhat slower than the average for the first half of the year, Bundesbank said in its monthly report on Monday. Accordingly, industry is not expected to ...

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Luxembourg Jobless Rate Remains Stable

Luxembourg’s unemployment rate held steady in July, after easing slightly in the previous month, figures from the statistical office STATEC showed Monday. The seasonally adjusted jobless rate came in at 5.5 percent in July, the same rate as in June. In the corresponding month last year, the jobless rate was ...

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U.S. Dollar Climbs On US-China Trade Talk Hopes

The U.S. dollar strengthened against its major counterparts in the European session on Monday, as sentiment lifted up amid hopes that the U.S.-China trade talks this week might help resolve an escalating trade war. Underlying sentiment remain supported after the Wall Street Journal indicated that U.S. President Donald Trump and ...

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