Daily News | European banking in trouble

We are nearing the end of the global binary options trading week, but there is still plenty of time to make it big. All you need is reliable information. We have, of course, compiled the most pertinent data out there to take care of that problem. This Thursday, we took a look at the euro. From Tuesday to Wednesday, the currency fell from $1.0727 to $1.0699. It seems that early trading was lower today, with banking stocks falling, even with the experience the sector had with Brexit. Consequently, the European banking index, down 0.9%, was the worst performing sector index. The sector did bounce back due to bond yields, somewhat softening the blow. The pan-European STOXX 600 index was down 0.2%. We will continue to monitor how European banking recovers, but let us now take a look at the US dollar. In the same period, the USD rose from €0.9321 to €0.9346.  We have received reports that the US manufacturing output has grown for second month in a row. Major boosts have been experienced in the motor vehicles sector, as well as in the production of other goods. This suggests a slow recovery of the factory sector. At the same time, the Federal Reserve said factory production rose 0.2%, with a 0.9% rise in production of motor vehicles and parts. To stay on top of the news, be sure to follow us daily!

Daily News | Do massive gains interest you?

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Author: Max Rothstein

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