Russian Ruble Climbs To 5-day High Against U.S. Dollar
(RTTNews) - The Russian ruble appreciated against the U.S. dollar in the European session on Monday.
The Russian ruble touched 91.53 against the greenback, setting a 5-day high. The currency is likely to locate resistance around the 86.5 level.
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Russian Ruble Weakens Against U.S. Dollar Following Alexei Navalny's Death
The Russian ruble fell against the U.S. dollar on Friday, following the death of jailed opposition leader Alexei Navalny in an Arctic Circle jail.
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Russian Ruble Advances Against U.S. Dollar After Russia Rate Hike
The Russian Ruble appreciated against the U.S. dollar in the European session on Friday, as Russia's central bank raised the key rate by 200 basis points amid stubborn inflation pressures.
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FTSE 100 Rises As Weak Data Spurs Rate Cut Bets
Renewed rate cut bets helped the FTSE 100 outperform other markets in Europe amidst disappointing economic data updates.
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Major European Markets Turning In Mixed Performance As Investors React To Regional Data
The major European markets are turning in a mixed performance on Friday with investors reacting to regional economic data and corporate news, in addition to following developments on the geopolitical front.
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Euro Falls As Weak Eurozone PMI Triggers ECB Rate Cut Bets
The euro weakened against other major currencies in the European session on Friday, as traders bet a possibility of an interest-rate cut by the European Central Bank (ECB) after data from Germany and the Eurozone showed that the business activity in the private sector contracted in November.
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German Private Sector Continues To Shrink
Germany's private sector continued to contract in November as sustained weakness in manufacturing output was compounded by the first fall in services activity for nine months, flash Purchasing Managers' survey compiled by S&P Global showed Friday. The HCOB composite output index dropped to 47.3 in November from 48.6 in the previous month. The score signaled acceleration in the rate of decline in
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CAC 40 Slips Amidst Economic Woes
Renewed concerns about economic activity and growth in France as well as the wider Euro Area dragged down the CAC 40 benchmark below the levels at close on Thursday.
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France Private Sector Falls Deep Into Contraction
France's private sector contracted the most since January as prolonged weakness in demand damped expectations, flash survey results from S&P Global showed on Friday.
The flash HCOB composite output index fell markedly to 44.8 in November from 48.1 in October. This was the third monthly fall in private sector output and the score signalled the steepest contraction since January.
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