Despite its reputation as a safe haven, gold has not performed particularly well following the outbreak of tensions in the Middle East. At yesterday’s close in New York, the yellow metal settled at $5,134.39, $144 lower than Friday, February 27, or – if preferred – a decline of 2.72%. Why this move when the safe-haven […]
From President Lagarde’s press conference, it was clear that the ECB is currently very comfortable with its prevailing monetary policy stance following the latest adjustment to the Main Refinancing Operations rate (2.15%) implemented last June. Only a clear and material deterioration in the medium-term growth outlook would be likely to alter the Governing Council’s perception […]
The Euro Area exports goods to Japan worth approximately EUR 70 billion per year, primarily pharmaceuticals and medical equipment (around EUR 18 billion), as well as machinery and vehicles. At the same time, it imports goods from Japan with a total value of roughly EUR 100 billion, resulting in a trade deficit of about EUR […]
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