The New Zealand Dollar is forecasted to weaken modestly in the short-term. At Barclays, foreign exchange analysts predict that the NZD trend will lower over the year because of headwinds faced by the RBNZ and uncertainty on the country's economic recovery. The UK-based global investment bank, on the other hand, expects the British Pound to remain supported. This ensures that … [Read more...] about Leading Investment Bank Forecast UK Pound-New Zealand Dollar Rate at 2.0 by End of 2021
Financial Markets
Swiss Franc Outlook Hinged as Swiss National Bank Guards Stock Market Inflation
The Swiss Franc was little changed against the Dollar and Pound on Thursday following the March monetary policy decision of the Swiss National Bank (SNB), which has left the outlook for USD/CHF hinged on the recovery prospects of the all-important EUR/USD and EUR/CHF exchange rates. Swiss Franc on the Edge Switzerland's Franc was sold against commodity and growth currencies … [Read more...] about Swiss Franc Outlook Hinged as Swiss National Bank Guards Stock Market Inflation
European Stocks Decline as Inflation and Oil Demand Affects the Markets
European stocks fell on Friday, playing catch-up with a broad late-Thursday selloff on Wall Street, as inflation concerns continue to weigh on markets and oil prices have slid amid pessimistic demand expectations. The pan-European Stoxx 600 SXXP, -0.65% was 0.8% lower. London’s FTSE 100 UKX, -0.87%, the CAC 40 PX1, -0.83% in Paris, and Frankfurt’s DAX DAX, -0.89% were all … [Read more...] about European Stocks Decline as Inflation and Oil Demand Affects the Markets
European Stocks Fall and Fed Bank Capital Decision, TeamViewer Down 12%
Germany and France are among the countries resuming the rollout of the AstraZeneca/University of Oxford Covid-19 vaccine Friday after British and European medicines regulators recommended it continue to be used. European markets pulled back on Friday after a spike in bond yields reignited concerns about stock valuations, while a U.S. Federal Reserve decision not to extend a … [Read more...] about European Stocks Fall and Fed Bank Capital Decision, TeamViewer Down 12%
Italy’s Draghi Prepares New Reforms and Investors are Now Turning Bullish
Analysts are particularly bullish about potential changes to the tax system. Draghi has also pledged to use the upcoming European funds to focus on digitalization, reskilling, and speed up plans for the country to transition away from fossil fuels. Mario Draghi’s new government could be good for financials, and consumer recovery plays, an analyst told CNBC, as investors … [Read more...] about Italy’s Draghi Prepares New Reforms and Investors are Now Turning Bullish