EURL News and Press, Direxion Daily FTSE Europe Bull 3x Shares From 01/27/24

2024-01-27 00:12:00 ET Summary U.S. markets are trading at record highs. What's driving the gains? What is the breadth looking like? What the latest earnings season is telling us about equities. U.S. markets have been trading in record territory recently. However, ...

2024-01-25 23:45:00 ET Summary The early PMI data for January signalled a marked cooling of inflation pressures in the US economy, in turn linked to a waning of elevated price growth in the services economy. The latest price data from the PMI point to inflation falling below the F...

2024-01-25 18:50:00 ET Summary The European Central Bank left interest rates unchanged, without conveying any urgency to start cutting rates in the next few months. It seems most likely that June or July would be the preferred time to start cutting rates. Markets in Europe hav...

2024-01-25 07:30:00 ET Summary The US dollar is trading mostly quietly in narrow ranges against the G10 currencies ahead of the ECB's President Lagarde's press conference. Most of the emerging market currencies are a little firmer, but not the Mexican peso or Chinese yuan. The...

2024-01-25 00:19:00 ET Summary The fourth quarter of 2023 was a more favorable environment for active managers in the UK, Europe, Emerging Markets, U.S. Small Cap and Listed Infrastructure, while being more challenging for U.S. Large Cap, Global, Global ex-U.S., Japan, Australia, Cana...

2024-01-24 10:20:00 ET Summary Business activity in the euro area fell at the slowest rate for six months in January, according to provisional PMI survey data. The PMI in fact suggests that the Eurozone is enduring its deepest contraction since 2013 (if early pandemic months are e...

2024-01-24 09:18:00 ET Summary The eurozone economy continues to trend around 0% growth and there are no signs of any imminent recovery. Price pressures are still increasing for the service sector, which provides another argument for the ECB not to cut before June. The PMI con...

2024-01-24 07:00:00 ET Summary After a strong showing yesterday, the dollar was sold in Asia and Europe. The dollar's decline has stretched intraday momentum indicators. The PBOC announced a 50 bp cut in reserve requirements, effective early next month. The eurozone's Janu...

2024-01-23 07:15:00 ET Summary As 2024 gets underway, global supply chains are facing a new hurdle, as tensions in the Red Sea have caused severe shipping disruptions and delays. If this crisis continues, the ongoing impact of rerouting shipping traffic around the Cape of Good Hop...

2024-01-22 12:50:00 ET Summary Geopolitical fragmentation is accelerating, as seen with recent events in Asia and the Middle East. We see it keeping inflation pressures elevated longer term. U.S. stocks climbed to record highs last week. The 10-year U.S. Treasury yield rose as mar...