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ECB’s Nagel: The ECB is likely to hike rates unless the outlook improves markedly
European Central Bank (ECB) Governing Council member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Friday that the central bank could raise interest rates if the outlook for the Eurozone economy doesn’t improve markedly.
Fxstreet
Thu, May 7
German Factory Orders climb by 5.0% MoM in March vs. 1.0% expected
Germany's Factory Orders jumped in March, suggesting that the country’s manufacturing sector activity continues to gain momentum, according to the official data published by the Federal Statistics Office on Thursday.Fxstreet
Thu, May 7
US Dollar Index hovers around 98.00 as safe-have demand eases on US-Iran optimism
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting nearly 0.5% losses in the previous day and trading around 98.00 during the Asian hours on Thursday.
Fxstreet
Thu, May 7
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US Stocks Tumble as Nasdaq Drops Over 4%; Micron Plunges Over 12% on Fears Slowing AI Data Center Expansion Will Dent Infrastructure Demand
Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
US October Nonfarm Payrolls Preview: Can Employment Rebound? US Stocks, Dollar and Gold Face Key Test
Dow Surges 1,500 Points as Midterm Elections Ease Uncertainty; Tech Stocks Lead Gains, Memory Shares Sold Off; Amazon Rises 6%
Micron Stock Price Forecast: Plunges 25% in a Month to Lose $800 Mark, Faces Over 30% Further Downside
