Latest news with #Sentix
Yahoo
07-07-2025
- Business
- Yahoo
Trade Tensions Boost the Dollar
The dollar index (DXY00) today is up by +0.14% at a 1-week high. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, comments from President Trump that he will start announcing unilateral tariff rates in the coming days on dozens of countries are lifting the dollar, as concerns rise that rising tariffs will boost inflation and prevent the Fed from cutting interest rates. Gains in the dollar are limited after President Trump signed the reconciliation bill into law last Friday. The nonpartisan Congressional Budget Office estimates that the bill will add $3.4 trillion to US budget deficits over the next decade. The fiscal stimulus from the bill will be a net positive for the US economy, but the higher deficit is negative for the dollar as it increases the risk of an eventual debt crisis in the United States and reduces foreign investor confidence in the United States. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The markets are discounting a 5% chance of a -25 bp rate cut at the July 29-30 FOMC meeting. EUR/USD (^EURUSD) today is down by -0.37%, mainly due to dollar strength. Also, weaker-than-expected Eurozone economic news is weighing on the euro after Eurozone May retail sales fell more than expected. Limiting losses in the euro is the jump in the Eurozone's July Sentix investor confidence index to a nearly 3.50 year high, and the unexpected increase in German May industrial production. The Eurozone July Sentix investor confidence index rose +4.3 to a nearly 3.50-year high of 4.5, stronger than expectations of 1.0. Eurozone May retail sales fell -0.7% m/m, weaker than expectations of -0.6% m/m and the biggest decrease in 1.75 years. German May industrial production unexpectedly rose +1.2% m/m, stronger than expectations of a -0.2% m/m decline. Swaps are pricing in a 6% chance of a -25 bp rate cut by the ECB at the July 24 policy meeting. USD/JPY (^USDJPY) today is up by +0.88%. The yen fell to a 1.50-week low against the dollar today on concern that higher US tariffs on Japanese exports will hurt the Japanese economy. Also, the rising tariffs may prevent the BOJ from raising interest rates further. Last Tuesday, President Trump said that a trade deal with Japan is unlikely, indicating that the country will likely face a tariff of 30%, 35%, or "whatever the number is that we determine." Higher T-note yields today are also weighing on the yen. The Japan May leading index CI rose +1.1 to 105.3, stronger than expectations of 105.2. Japan May labor cash earnings rose +1.0% y/y, weaker than expectations of +2.4% y/y. August gold (GCQ25) today is down -15.20 (-0.45%), and September silver (SIU25) is down -0.304 (-0.82%). Precious metals are under pressure today from a stronger dollar. Also, higher global bond yields today are weighing on precious metals. In addition, industrial metals demand concerns are weighing on silver prices after President Trump said that he will impose an additional 10% tariff on countries aligned with BRICS block, which includes Brazil, China, South Africa, and India, with no exemptions. Today's stock market weakness is boosting some safe-haven demand for precious metals. Also, trade tensions are boosting safe-haven demand for precious metals after President Trump pledged to start issuing unilateral tariff rates in the coming days on dozens of countries. Fund buying of silver is supporting silver prices as silver holdings in ETFs rose to a 2.75-year high last Friday. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Reuters
07-07-2025
- Business
- Reuters
Euro zone investor morale hits three-year record as recovery broadens
BERLIN, July 7 (Reuters) - Investor sentiment in the euro zone improved more than expected in July to hit its highest level in more than three years, a survey showed on Monday, as the bloc's economic recovery broadened. The Sentix index for the euro zone rose to 4.5 from 0.2 in June, beating the 1.1 forecast from analysts polled by Reuters and marking its third consecutive monthly increase. The current situation sub-index improved notably but remained in negative territory, rising by 5.8 points to -7.3, while expectations climbed 2.8 points to 17.0, also marking a third straight rise. The survey of investors, conducted between July 4-6, showed the recovery was broad-based across regions, with the United States economy making particularly strong gains after lagging in previous months. Germany, Europe's largest economy, also showed continued improvement with its overall index reaching -0.4, its highest since February 2022, as the current situation rose for a fifth straight month. The survey indicated the European Central Bank's room for further interest rate cuts may narrow as the economic upturn strengthens, though inflation pressures remain contained for now.
Business Standard
11-06-2025
- Business
- Business Standard
EUR/USD supported above 1.1400, Euro area investor sentiment hits highest in a year
Euro stayed supported against the US dollar as markets eyed steady economic cues. Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. EUR/USD pair is quoting at 1.1435, up marginally on the day following this. Despite steady risk appetite in world markets, caution ahead of the US inflation reading is keeping overall movement tight for the currency. On NSE, EUR/INR futures are currently quoting at 97.95, up marginally on the day. The pair saw a good recovery after falling near 97.60 mark in midmorning trades.
Reuters
10-06-2025
- Business
- Reuters
Sentix poll shows sharp uptick in German, euro zone investor sentiment for June
BERLIN, June 10 (Reuters) - The Sentix survey of investor sentiment found evidence of an upturn in Germany and in the euro zone in June, with the overall index for Germany hitting its highest level since March 2022 and the euro area index at its highest level in a year. The Sentix index for the euro zone rose to 0.2 in June from -8.1 in May, beating the forecast for a reading of -6.0. While the sentiment index for Germany was still clearly in negative territory at -5.9, optimism at a new conservative-led government taking office, a belief in the possibility of a ceasefire in Ukraine and the fading of the initial shock at U.S. tariffs policy were all helping drive an improvement. The current assessment of the German economy among the 1,055 investors participating in the survey improved for the fourth consecutive month, even if it too remained in negative territory at -26.8. "In recent years, the stagnation of the German economy has repeatedly acted as a brake on the European economy," the survey company wrote. "Now the Sentix economic indices in the eurozone are benefiting from the catch-up movement that Germany is sending out." Expectations for the eurozone climbed 10.5 points, to 14.3, making for a cumulative improvement over the past two months of 30.1 points. "The June data ... indicates an upturn in the European economic region," Sentix wrote. Sentix's poll was conducted from June 5-7.
Yahoo
10-06-2025
- Business
- Yahoo
Sentix poll shows sharp uptick in German, euro zone investor sentiment for June
BERLIN (Reuters) -The Sentix survey of investor sentiment found evidence of an upturn in Germany and in the euro zone in June, with the overall index for Germany hitting its highest level since March 2022 and the euro area index at its highest level in a year. The Sentix index for the euro zone rose to 0.2 in June from -8.1 in May, beating the forecast for a reading of -6.0. While the sentiment index for Germany was still clearly in negative territory at -5.9, optimism at a new conservative-led government taking office, a belief in the possibility of a ceasefire in Ukraine and the fading of the initial shock at U.S. tariffs policy were all helping drive an improvement. The current assessment of the German economy among the 1,055 investors participating in the survey improved for the fourth consecutive month, even if it too remained in negative territory at -26.8. "In recent years, the stagnation of the German economy has repeatedly acted as a brake on the European economy," the survey company wrote. "Now the Sentix economic indices in the eurozone are benefiting from the catch-up movement that Germany is sending out." Expectations for the eurozone climbed 10.5 points, to 14.3, making for a cumulative improvement over the past two months of 30.1 points. "The June data ... indicates an upturn in the European economic region," Sentix wrote. Sentix's poll was conducted from June 5-7. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
