Market Overview - Page 78

Preliminary estimates for Germany indicated an increase in consumer prices in March by 0.8% m/m and 7.4% y/y, which is higher than the average growth forecasts of 0.7% m/m and 7.3% y/y. In March last year, prices jumped by 2%.

S&P500 futures are currently trading at a 3-week high. Returning to the territory above 4000 and exiting above the previous week’s highs set up optimism. Since March 13, the S&P500 daily candlesticks have been showing an uptrend. The index is.

UK credit and money supply data published on Wednesday mostly came out weaker than expected, indicating a continued tightening of financial conditions. The unexpected exception was the number of approved mortgage applications. The M4 unit shrank by 0.4% m/m, contrary.

The GfK consumer climate index for Germany rose by 1.1 points to -29.5 in April, a very low level by historical standards and still below the lows of the pandemic in the year 2020. Sentiment has been improving since October,.

The S&P CoreLogic Case-Shiller house price index for the 20 largest US metropolitan areas fell for the seventh consecutive month in January. The index fell by 6.8% during this period, and the annual growth rate slowed to 2.6%. The annual.

Gold stormed $2000 twice last week, but both attempts failed to consolidate above this significant round level. The double correction since the previous week clears the way to the upside but does not signal that gold is in trouble. The.

WTI oil is back above $70 on Monday, having gained more than 2% since the start of the day. Today’s short-term impulse is a halt in exports from Iraqi Kurdistan via Turkey. The latter move could be part of a.

US stock indices got a new impulse to decline on Friday on fears about the viability of Deutsche Bank. This is the recent momentum of the banking stress we have been in for the last three weeks. The technical signals.

Japan’s headline inflation rate slowed from 4.3% to 3.3% in February. The point is that prices fell by 0.6% for the month, so the slowing annual inflation cannot simply be attributed to a high base effect. The core index (excluding.

The Bank of England raised its interest rate by 25 points to 4.25%, in line with market expectations. Two members voted to keep rates on hold for the third meeting, while seven others voted against it. Commenting on the decision,.

The Swiss National Bank continued to tighten its monetary policy by raising its key interest rate by 50 points to 1.5% today. This decision is broadly in line with the market expectations of economists prior to the Credit Suisse story..

Struck right between a rock and hard place, today the Fed will deliver its difficult policy choice. The FOMC will have to choose between supporting the financial system and fighting inflation. They can do both, but both results will be.