Grand Capital Africa
Forex broker since 2006 https://grandcapital.net/
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Basic Guide:
INR/NGN/ZAR/NAD/USDT/BTC
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European shares struggled for traction after a European Central Bank official warned that policy will have to stay restrictive through 2024 even as policy makers remain on course to cut rates next month.
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⭐ German IFO Business Climate Actual 89.3 (Forecast 90.4, Previous 89.4)
⭐ German IFO Current Conditions Actual 88.3 (Forecast 89.8, Previous 88.9)
⭐ German IFO Expectations Actual 90.4 (Forecast 90.8, Previous 89.9)
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04:00 ET
⭐ German IFO
Expectations:
German Business Expectations rates the expectations of businesses in Germany for the following six months. It is a sub-index of the German Ifo Business Climate Index.
Current Conditions:
The German Current Assessment rates current business conditions in Germany, without considering future expectations. It is a sub-index of the German Ifo Business Climate Index.
Business Climate:
The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the IFO Institute for Economic Research.
⭐ What to expect:
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
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ECB's Rehn: Inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates
00:07
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The US will supply Taiwan with new weapons, not old ones like Ukraine - Rep. Michael McCaul
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