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Italians say no to referendum on Euro membership…

 Good Morning,   – Euro trade in a narrow range at 1.30 level after Fridays better than expected US jobless data. – Asian shares : Japan’s Nikkei +0.53%, Hong Kong’s Hang Seng -0.02%, Korea’s Kospi -0.13%, Australia’s ASX 200 +0.44% and China’s Shanghai  -0.35%. – Italians say no to referendum on Euro membership. A large […]

OPEC+ agreed to cut output by 9.5ml barrels per day

This corresponds to 10% of global supply as the market expects a 30% drop in total demand worldwide. Negotiations lasted for 4 days and the agreement was close to brake down after Mexico’s departure from the meeting. Nevertheless, the US President, Trump intervened and finally, everything ended smoothly. Nevertheless, Goldman Sachs’s commodity analyst Damien Couravalin […]

Euro trade above 1.39 for first time in 5-weeks…

  Good Morning,   – Euro trade above 1.39 for first time in 5-weeks, after an aimless session yesterday as holidays in Japan and Britain crimping activity in markets. – Asian markets,Japan, Hong Kong and Korea closed due to holidays. Australia’s ASX 200 0.35% and China’s Shanghai 0.03%. – Spanish registered unemployment in April has […]