ING: Middle East conflict reminds investors to remain cautious about the euro
According to Golden Ten Data, ING analyst Francesco Pesole pointed out in a report that the resumption of military strikes in the Middle East is a reminder for investors to remain cautious about the euro-to-US dollar exchange rate. He stated that for the euro to remain consistently above $1.15, the market will need to reduce expectations of US interest rate hikes through data or communication from the Federal Reserve, while the overall risk sentiment also needs to stabilize.
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Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
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