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EURGBP

EURGBP Rally Stalled At 0.9000, What’s Next?

EURGBP retreat today after yesterday's sharp gains as markets surprised positively after a bigger than expected increase to the PEPP from the ECB. The ECB added an extra 600 billion to its Pandemic Emergency Purchase Program

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London FTSE

FTSE 100 Breaks Above the 10-Day SMA, Lloyds Shines

FTSE 100 resumes the upward trend after yesterday’s losses as investors sentiment boosted on hopes for a fast recovery of the economies around the globe. On the economic data, earlier today reported that the UK Halifax House Prices came in at -0.2%, beating the expectations of -0.7% in May. The [...]
DAX index

Here’s why automakers in the DAX index are bouncing back today

The DAX index rallied by almost 2% today as the market continued to react to the ECB interest rate decision. In this, the bank left interest rates unchanged and decided to add €600 billion into its original €750 billion program. This stimulus, together with the Merkel-led fiscal stimulus will help German stocks in the near term.

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ASX 200

ASX 200 cruises past $6,000 as NAB and Westpac share price fly

The ASX 200 made a major milestone today. The index moved above the important psychological level of $6,000 as investors reacted to the positive emergence of the economy. By gaining about 40 basis points, the index outperformed its New Zealand counterpart. Shares in the big four banks rose sharply after UBS issues an upgrade on two.

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