Market Overview - Page 51

The Swiss National Bank cut its key rate by 0.25 percentage points to 1.25%. The decision surprised markets, which, on average, expected no change after a similar move in March. The SNB also issued a warning that it is ready.

US retail sales rose 0.1% in value for May, worse than the 0.3% rise expected after a 0.2% decline a month earlier. Total sales were 2.5% higher than a year earlier, lagging the 3.3% inflation over the same period. In.

The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned that it was.

French stocks were under intense pressure last week due to political fears. Although paused on Monday, that sell-off has probably already undermined index gains. France’s CAC40 lost 6.2% last week, the sharpest decline in two years, and the sell-off only.

China’s housing price decline is gaining momentum. New home prices for May fell 0.71% vs. 0.58% and 0.34% in the previous two months. The year-over-year decline increased to 3.9%, with back-to-back slides over the 12 months. China has repeatedly announced.

Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, gold has twice pushed off.

The black streak in US data continues. A sharp jump in weekly jobless claims was paired with a weak PPI, complementing the soft consumer inflation report the day before. Manufacturers cut prices by an average of 0.2% in May, and.

The Fed acted as a market balancer on Wednesday, smoothing out buyers’ bullishness following the earlier inflation report. There was little doubt that the FOMC would leave the key rate unchanged in the 5.25-5.50% range, so all eyes were on.

Inflation in America came out weaker than expected, actualising the question of a key rate cut. This is negative news for the dollar, which at the same time fuels appetite for equities. The Consumer Price Index was virtually unchanged last.

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index.

Friday’s labour market data provided the dollar with a strong upward momentum. This bullish signal needs confirmation or refutation, and we are likely to get one or the other by the end of Wednesday. The dollar index started June with.

Unexpected weakness in the UK labour market could signal an important turnaround in the economy and raise the urgency of monetary easing. The short-term impact on the Pound has been relatively limited, but the currency market has now adopted a.