Market Overview - Page 107

In contrast to many other countries and regions, the Eurozone recorded a slowdown in output inflation. The year-over-year PPI growth rate declined for the second month, showing a fall in June to 35.8% from 36.2% and 37.3% in the previous.

Inflation in Turkey continues to gain momentum. A fresh set of monthly statistics showed consumer inflation accelerating to 79.6% y/y and producer inflation to 144.6% against 78.6% and 138.3% a month earlier, respectively. The rise in the PPI rate is.

Silver has pulled back 3% in the last 18 hours, while Gold has lost 1.2% in the same time frame. The pullback came as some investors exhaled after China’s reaction to the Pelosi plane landing in Taiwan. Investors were banking.

WTI oil lost more than 4.5% on Monday, returning to the area of last month’s lows and marking a new stage of the downtrend. Oil dynamics are tightly linked to the expected economic growth rate and appear weakly linked to.

The last two weeks of July have seen a pullback in the markets towards risky assets, with the dollar retreating from multi-year highs against major currencies. Over the past two weeks, signs of an economic slowdown in the US have.

Americans increased spending (+1.1%) faster than income (+0.6%) in June. Both figures exceeded expectations, which is a bullish signal for the markets and the dollar as it shows buying is in good shape. But this may only be a good.

Inflation in the eurozone continues to speed up. Preliminary data for July showed a price increase of 8.9% against 8.6% a month earlier and the expected 8.7%. The core price index (which excludes energy and food) rose 4% y/y vs.

The Japanese yen has gained 3.4% against the dollar in less than 48 hours, recovering to 132.7 from a month and a half ago. Before that, from early March to mid-July, USDJPY soared by more than 20% on diverging monetary.

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.