Equity Research Analysis: Invesco CurrencyShares Euro Trust (FXE)
|Blank Capital Research Unit|Spot: $108.69
Price$108.69
Composite Score51.7/100
RatingHOLD (3★)
Rank#1737 OF 7,333
Market Cap$0
Intelligence Feed
Zacks Investment ResearchJun 7 Neutral
ETFs in Focus on ECB's First Rate Cut in Five Years
The European Central Bank (ECB) has finally cut its key interest rate, marking the first reduction since September 2019.
BenzingaJan 25 Negative
ECB's Lagarde Rejects Recession Label For Europe, Recalls Yellen's 'Forget It' Remark
The President of the European Central Bank (ECB) Christine Lagarde has expressed skepticism regarding the idea that two consecutive quarters of negative growth could signify the onset of a recession for the European economy, challenging the conventional economic definition. Addressing questions following the ECB’s decision to keep interest rates unchanged for the third consecutive meeting, Lagarde attempted to quell market pressures about the start of interest rate cuts in Europe. “The euro area economy likely experienced stagnation in the last quarter of 2023,” Lagarde stated in her opening remarks on Thursday, emphasizing that short-term data continues to indicate economic fragility. The European economy currently finds itself in a significantly different situation compared to the American economy. Negative growth was already recorded in the third quarter of the year, and any further negative readings in the fourth quarter would indeed signal the beginning of a recession. This situation stands in stark contrast to recent developments in the U.S. economy. In the third quarter, it boasted an annualized growth rate of 4.9%, followed by a ...Full story available on Benzinga.com
cnbc.com18h ago Positive
U.S. has breached trade deal and Europe is ready to retaliate, top trade lawmaker tells
The U.S. has breached the terms of its trade deal with the European Union "several times," top EU trade lawmaker Bernd Lange told CNBC.
talkmarkets.comFeb 13 Negative
The Dollar Is Firm Ahead Of January CPI
The US dollar is firm against the G10 currencies ahead of the US January CPI.
BenzingaJan 2 Positive
Asia Markets Mixed, Europe Gains As 2024 begins; Crude Oil And Gold Up - Global Markets Today While US Was Sleeping
On Friday, December 29th, the U.S. stock markets closed in red, the last trading day of 2023, concluding a year of robust gains fueled by a strong year-end rally and prospects of relaxed monetary policy. In economic data, the Chicago PMI dropped to 46.9 in December, a decline from November's 55.8, and fell short of the market expectations of 51. The S&P 500, Dow, and Nasdaq recorded nine straight weeks of gains—the longest streak for the S&P 500 since January 2004 and the Dow and Nasdaq since early 2019. Overall, each of the three indexes achieved double-digit increases for the year. The Dow Jones Industrial Average decreased 0.04%, closing at 37,689.54. The S&P 500 ...