Market Overview - Page 116

The UK stock market is closer5 to a full recovery from the recent slump than its counterparts in the US or continental Europe. The FTSE100 at 7640 is now only 0.7% below its peak in February. By comparison, S&P500 at.

Oil gained 1.5% on Thursday morning to $103.75 per barrel for WTI and $108.2 for Brent, continuing to cling to the uptrend since December. Over the past six weeks, oil price movements are no longer unidirectional, but the market remains.

Canadian consumer inflation rose stronger than expected, adding 1.4% for March and accelerating to 6.7% y/y from 5.7% a month earlier and the forecasted 6.1%. The Bank of Canada last week raised its key rate by 50 points and announced.

Gold is falling fast, having lost about 3% to $1940 from Monday’s peak. On Monday, the bulls are locally capitulating after an unsuccessful attempt to push the price above $2000. It would be a mistake to attribute gold’s fall to.

The pressure on the Japanese yen persists in the markets. The USDJPY has been hitting 20-year highs almost daily since last week, rising 11.8% to 128.40 since early March. Since the beginning of the year, the yield spread between the.

The dollar index passed 101, which we last saw for just over a week at the height of the lockdowns. But history suggests that this rally has roughly passed the halfway point. Except for a brief period of stock market.

Gas prices on the NYMEX are adding for the 11th trading session of the last 12, renewing their highs since October 2008. US gas exchange prices have risen by a third since the beginning of the month and more than.

The Easter holiday in Europe and a lack of scheduled publications in the US ensure a quiet trading session this Monday. Only a batch of data from China provides some volatility. Chinese stocks were under moderate pressure on Monday, and.

Energy prices continue to fly into the stratosphere, adding 30% since the start of April, strengthening at twice the rate of March. The last time US gas was this expensive was in October 2008. Demand for American gas has surged.

Today’s meeting did not satisfy the expectation that the ECB could lend a helping hand to the euro by keeping it from plunging off a cliff. Europe has refused to accelerate monetary policy normalisation as most G7 countries have. Currency.

The Dollar is correcting on Thursday morning, losing around 1% from Wednesday’s peak, when the dollar index rose to its highest since May 2020. It has caught our attention that Gold and the Dollar have been moving in tandem since.

Today the central banks of Canada and New Zealand raised their key rates by 50 points at once. New Zealand was not expected to rise sharply, but that did not save the NZD from the ensuing sell-off. A heavy downturn.