Market Overview - Page 79

US consumer inflation slowed to 4.9%, just below the expected 5.0% and unchanged from the previous month. The initial market impulse was to sell the dollar and buy equities as the slowdown in price growth brings the end of the.

Gold showed very high volatility on Thursday and Friday, rising to $2081 and falling below $2000 in less than 48 hours. However, the price remained within the uptrend that has been in place since the second half of March. The.

German consumer inflation slowed to 7.2% y/y in April, Destatis said in its final estimate. The trend of decelerating price increases continues, although it remains well above the ECB’s target. March data for other price indicators point to further easing.

For the second month, the Dollar Index finds support from declines in the 101 area. Dollar bulls are defending critical levels in the major currency pairs, which could significantly increase the psychological pressure on the US currency. The resolution of.

In April, the US economy added 253k jobs, surpassing expectations of 181k. Over the past 12 months, actual data has consistently exceeded expectations for this indicator. However, the previous month’s downward revision was considerable, from 71k to 165k. The unemployment.

The Swiss franc declined, losing about 1% to 0.8920 after a fresh batch of macroeconomic data. The unemployment rate remains at 1.9%, a historic low. But at the same time, inflation is surprising, falling short of forecasts. The consumer price.

The European Central Bank raised interest rates by a quarter of a percentage point to 3.75%, duplicating the Fed’s move the day before. This was the move that market analysts had been predicting, although some central bank officials had been.

The price of gold rose by almost 2% on Tuesday after reports of another round of regional bank problems in the US. Quite quickly, the price stabilised around $2015. This surge allowed gold to bounce back from the lower end.

The Reserve Bank of Australia surprisingly did what it promised to the markets. The RBA this morning raised the rate by 25 points to 3.85%, warning that it may further tighten monetary policy. The Bank had previously urged markets to.

WTI oil stabilises near $75 for the third day at the lowest monthly level. The economic slowdown is dragging down the Crude, but OPEC+ coordination supports the market. Oil has returned to a range from which an exit promises to.

Gold has flirted with $2000 three times in the last three years. This time, however, it is more likely that the bulls will soon be able to hold higher for longer, as gold’s rally now has a slightly different character..

Consumer price inflation in Japan is in no hurry to slow down. In March, prices rose 3.2% y/y, compared with 3.3% in February and an expected 2.6%. The core price index excludes food and energy but has not yet peaked,.