Market Overview - Page 103

The Fed raised the rate by 75 points as expected by most, but this caused a relief rally in risk-sensitive assets. Powell also expressed his willingness to increase the rate further. Nor did he rule out further abnormal steps if.

The US economy slipped into a technical recession. Preliminary estimates for the second quarter recorded a fall of 0.9% after a decline of 1.6% (seasonally adjusted data annulled). Despite the frightening figures in the headline, the US economy has lost.

A new set of US economic data has dispelled worries after yesterday’s new home sales figures. Preliminary estimates showed that orders for durable goods, instead of the expected 0.5% decline, rose by 1.9% in June after rising by 0.8% a.

On Wednesday, 27th of July, at 18:00 GMT, the Fed will release its monetary policy decision, including the interest rate and the QE programme. The news is expected to cause a surge of volatility in the USD and across the.

Gold is holding steady ahead of the FOMC rate decision. Such a lull is often the prologue to a good move. Gold has been moving in a broad sideways loop of $1680-$2070 after solid gains for almost two years. At.

The gas story is in no hurry to leave the news headlines, and prices for the energy sector are behaving accordingly. In Tuesday’s trading in Europe, prices returned to the psychologically crucial round level of $2,000 per 1,000 cubic metres.

The British Pound is back above $1.2000, while FTSE100 is knocking on its 200-day moving average from below, testing the 1.5-month high area. The combination of a rising Pound and FTSE deserves attention, as this is often a sign of.

The financial market is moving slightly against the main news flow, showing signs of recovery in demand for risky assets while data is getting worse. According to the latest Ifo report, business sentiment in Germany is falling harder than expected,.

The European Central Bank increased its key rate by 50 points to 0.50%. This is more than average analyst forecasts, based mainly on old comments from Bank members. However, rumours of a more decisive move surfaced in the last few.

The differences between the actions of monetary authorities in various developed countries are becoming increasingly apparent. Until we see real work by the governments and central banks of the USA, Japan, or the Eurozone to change the trend, it is.

Canada took over the inflation marathon from the UK. The rate of consumer price growth accelerated from 7.7% to 8.1% y/y in June there, although it was lower than 8.4% as expected. However, an even more critical signal came from.

A fresh set of statistics from the UK showed that inflation is still not slowing down. The rate of consumer price growth climbed to 9.4% y/y in June after they added 0.8% for the month, four times the long-term average.