Market Overview - Page 72

According to a data set released on Friday, the UK economy performed better than expected across a wide range of indicators in June. GDP rose by 0.2% in the second quarter and 0.4% in the same quarter a year earlier..

US CPI rose 3.2% y/y, slightly weaker than the 3.3% y/y expected. Core inflation slowed to 4.7% y/y, although analysts, on average, were looking for it to maintain its 4.8% y/y pace. This is negative news for the USD and.

Oil is storming to new multi-month highs, rising for the seventh week. Prices have grown high enough to be of interest to US oil producers and, locally, a threat to markets.  Data released by the Department of Energy on Wednesday.

The US Nasdaq-100 lost 1.75% at one point on Tuesday but managed to trim its losses to 0.9% thanks to buying at the end of the session. The index bounced off its 50-day moving average, which is an essential medium-term.

China’s CPI was 0.3% lower year-on-year in July, which the media has rushed to call deflation, while by definition, it is a sustained price fall. It is more accurate to discuss disinflationary pressures caused by one-off factors, including last year’s.

Oil is down around 2.5% since the start of the day on Tuesday to $80.1 per barrel WTI, as a loss of traction in risk assets coincided with a fresh wave of concerns over China’s growth rate.  Foreign trade data.

Employment growth is somewhat weaker than expected, but wage growth and the falling unemployment rate could be a reason for another Fed rate hike. The US labour market created 187k new jobs after 185k previously (revised from 209k). Formally, the.

Later on Friday, an important US employment report will be released. On average, analysts expect employment growth of just over 200K, which is in line with the trend rate of hiring during periods of trend GDP growth. Hourly payrolls are.

The Bank of England raised its key interest rate by 25 points to 5.25%, as widely expected by the market. Eight out of nine members voted for the hike, with two supporting a 50-basis point increase. The Bank of England’s.

The US dollar is continuing the rally that began in the middle of last month, benefiting from the caution in financial markets in recent days. Although the current rally has not yet brought the Dollar Index back to the levels.

Ahead of Friday’s official employment report, ADP provided another robust estimate for July. It is said that the private sector added 324K jobs last month, down from 455K the previous month. The pace of hiring rose rather than fell in.

Fitch Ratings unexpectedly cut the US long-term credit rating by one notch to AA+. In response, markets have begun a gradual but broader risk repricing. The suddenness of Fitch’s move is disconcerting, given that the rating was not under review.