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Dollar softens against a stronger Euro in Asia

In early Asian sessions yesterday, the Euro rose against a weaker US Dollar and edged above $1.1000 ahead of the release of Eurozone gross domestic product data later in the day. With concerns about political risks in the Eurozone having receded

What analysts are saying about the First round of French election voting

Investors are cheering the results of the first round of voting in France’s presidential elections after centrist Emmanuel Macron and far-right nationalist Marine Le Pen emerged victorious from the five-way race. The result triggered a relief rally in European Stocks and

OPEC recommends six-month extension of Oil output cuts

According to Thomson Reuters, a technical committee of OPEC and non-OPEC producers recommended that producers extend a global deal to cut Oil supplies for another six months from June. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers

Finance tax “within reach”, EU’s Moscovici says

On Thursday, European Union’s economics commissioner said that an agreement on a common financial transactions tax (FTT) was “within reach” among the 10 Euro zone countries willing to adopt it. The tax – 0.1% for stocks and 0.01% for derivatives —