Market Overview - Page 133

Markets are quiet in anticipation of the Fed’s comments later today. The most popular currencies and equity indices have stabilised near important levels near the limits of their trading ranges, from where they are equally likely to step back into.

The Dow Jones index experienced its worst drop in 10 months on Monday, falling 600 points or 1.8%. The S&P500 index lost about the same amount, 1.7%. The dollar index climbed to monthly highs, trading above 93.0. Intraday, the S&P500.

UK retail sales collapsed by 0.9% in August, an unpleasant surprise against a 0.5% rise expected. The retail sales index is above pre-pandemic peaks, but the markets should be alarmed by the volatility of the data. Weak retail activity figures.

The US Retail sales notably exceeded expectations, adding 0.7% in August vs an expected 0.7% decline. The increase to August last year is an impressive 14.9%, dismissing fears that Americans are cutting back on spending by spending their government bailout.

Caution is an investor’s best friend these days. US indices were supported the night before after the S&P500 touched its 50-day moving average. The S&P500 gained 0.85%, the Nasdaq gained 0.82%, and the Dow Jones gained 0.68%. It must be.

Today is industrial production data day. China, the euro area and the USA published their figures. While the US and China are reporting for August, aggregate data for the euro area only came for July. Europe managed to surprise with.

US Consumer inflation started to slow, as can be seen in the latest official data. The consumer price index added 0.3% m/m during August. Growth to the same month a year earlier slowed to 5.3% for the overall index and.

US consumer inflation is in the spotlight today, where forecasters expect a slowdown in the year-over-year growth rate from the current 5.4%, a high in the last 30 years. The wait-and-see attitude of the markets probably reduced the degree of.

Two of the world’s largest economies are in sync with pressure on their fintech giants. Access to user data and the growth of ecosystems have effectively created new monopolists that have lately been profiting lavishly from this information themselves and.

Despite attempts at intraday gains, all three key US indices are down for three consecutive days. On Thursday morning, we see moderately positive dynamics again, supported by a rise in Chinese stocks. China’s regulators agreed to a request to reschedule.

In its latest statement today, ECB said that it will continue “with a moderately lower pace of net asset purchases” under PEPP, after two quarters of acceleration. At the same time, its volume (€1.85 trillion), as well as key interest.

Bitcoin remains under moderate pressure on Thursday, trading near $46.3K, down 12.5% from Tuesday’s peak. Meanwhile, the total capitalisation of the crypto market has surpassed $2.1 trillion this morning. Overall, the trend of bitcoin’s share of the crypto market remains.