Market Overview - Page 78

US markets made an impressive surge last week, taking the S&P500 to 4200, a crucial turning point. It is worth preparing for an upside stop or correction before the index steadily moves to the next level. The S&P500 index has.

The dollar has strengthened against its major rivals over the past two weeks, gaining 2% against a basket of major currencies. The Dollar Index surpassed 103, a level not seen since the second half of March. Notably, the rally in.

The US housing market continues to bear the brunt of high-interest rates. The number of building permits issued fell by 1.5% in April, following a 3.0% decline a month earlier. The last two months of decline erased almost half of.

US retail sales rose 0.4% in April after falling 0.7% in the previous month, half as much as expected. Sales were 1.6% higher than a year earlier, well below the 4.9% inflation rate for the period, suggesting a decline in.

Gold had made impressive moves yesterday before active trading in New York. Still, comments from Fed officials, combined with the release of relatively strong industrial production data, pushed the price back almost $30 to $1990, where it remains at the.

The UK labour market is deteriorating at an increasing rate. Data released this morning showed that jobless claims rose by 46.7k in April, following a 26.5k increase in March. Analysts had, on average, expected a rise of 31.2k. The unemployment.

China’s economic growth is falling short of economists’ expectations, putting pressure on the yuan and raising questions about the sustainability of the national and global economies. Industrial production rose 5.6% y/y in April, but the average forecast was 10.9% y/y.

WTI crude oil rebounded on Monday after three sessions of declines in the second half of last week. Oil found support just before the start of active trading in Europe after falling to a 10-day low of $69.40. Today’s pullback.

Eurostat today reported that eurozone industrial production fell by 4.1% in March, the most significant drop since July last year. Compared with the same month of the previous year, output fell by 1.4%, instead of the expected +0.9%, whereas, in.

The US import price index came in much better than expected, with a decline of 4.8% y/y in April against expectations of -6.3% y/y. Last month the index rose by 0.4%, the biggest increase since May 2022. The US is.

The Bank of England raised its key interest rate by 25 points to 4.5% on Thursday, marking the twelfth consecutive policy tightening. Two of the nine members have voted to keep rates on hold in the last four meetings. The.

While slowing inflation in the US and Europe is being greeted with relief by financial markets, weak figures from China are causing concern. China’s consumer inflation slowed to just 0.1% y/y in April, down from 0.7% the previous month and.