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Australian Dollar underperforms due to risk-off mood, weak Australia labor market data
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.28% to near 0.7130 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces selling pressure due to risk-off market sentiment and soft Australian employment data for April.Fxstreet
Thu, May 21
Iran's Supreme Leader: Near-weapons-grade uranium must stay in Iran
According to Reuters, Iran's Supreme Leader has ordered that near-weapons-grade uranium must stay in Iran. The agency also reported that sources familiar believe Supreme Leader's directive reflects consensus among the Iranian establishment.Fxstreet
Thu, May 21
Brent: Market reacts to Iran headlines – ING
ING analysts Warren Patterson and Ewa Manthey say the Brent market remains highly sensitive to Iran-related news, with prices dropping sharply on renewed hopes of a US-Iran agreement and improved tanker flows through the Strait of Hormuz.Fxstreet
Thu, May 21
French business activity hits lowest level in more than five years as Oil shock widens
France's private-sector activity took a deep hit in May, according to preliminary data from S&P Global, suggesting that the surge in Oil prices has hit households and businesses hard in the Eurozone's second-largest economy.Fxstreet
Thu, May 21
Iran is responding to a text sent by the US
According to Iran’s Iranian Students News Agency (ISNA), Iran is responding to a text sent by the United States (US). The agency has also reported that the visit of Pakistan's army chief to Tehran is in order to minimize the gaps and reach an official announcement of agreement.Fxstreet
Thu, May 21
United Kingdom flash Services PMI unexpectedly declines to 47.9 in May
The United Kingdom (UK) S&P Global Composite Purchasing Managers' Index (PMI) surprisingly declined in May. The Composite PMI has come in at 48.5, a figure below 50.0 is considered a contraction in the business activity.Fxstreet
Thu, May 21
Equities: Tech-led rebound extends with Nvidia in focus – Deutsche Bank
Deutsche Bank analysts note the tech-led equity rebound extended into Asia, with the KOSPI and Nikkei sharply higher after Nvidia’s results drew a muted share reaction despite 85% yoy sales growth and stronger-than-expected guidance.Fxstreet
Thu, May 21
Eurozone flash Manufacturing PMI expands moderately to 51.4 in May vs. 51.9 estimates
Eurozone's preliminary HCOB Composite PMI deteriorates further in May. The Composite PMI arrives lower at 47.5, while it was expected to remain steady at 48.8. A figure below 50.0 is considered a contraction in the business activity.Fxstreet
Thu, May 21
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