Market Overview - Page 79

UK labour market data is making the Bank of England’s task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment, which could be the first sign of.

A further slowdown in China’s inflation is increasingly raising concerns about the Celestial Empire’s economic growth, which could be bad for the rest of the world. June data showed that CPI fell from 0.2% y/y to 0.2% y/y and PPI.

Friday’s US employment report sparked a sell-off in both the dollar and stock indices, as the pace of job creation missed forecasts, but hourly earnings growth beat expectations. The economy added 209k jobs in June, compared to 306K the previous.

ADP released another super strong job report for the US, noting private sector employment growth of 497k in June. This is more than double the expected 226k growth and completely contradicts the idea that the world’s largest economy has entered.

Since the second half of last month, US indices have been struggling to grow. Closing on a strong note at the end of the half-year could trigger a severe correction or even be the first step towards a prolonged decline..

On Tuesday morning, the Reserve Bank of Australia left its key rate at 4.10%, somewhat surprising markets where expectations of a 25-point increase were relatively high. It was a hawkish pause with a warning of its intention to raise the.

Oil has risen since last Thursday and regained momentum on Monday on news of new production cuts from Russia and Saudi Arabia.  Russia announced on Monday that it would cut oil exports by an additional 500K BPD from August, on.

Market picture Bitcoin closed last week at zero, failing to move meaningfully away from the $30K level on good news about spot ETF bids or terrible news about SEC claims against it. As a result, the exchange rate is stomping.

US indices rose impressively on Tuesday, with the S&P500 up 1.1%, the Nasdaq100 up 1.75% and the Dow Jones 30 up 0.63%. Meanwhile, the VIX volatility index fell back below 14, and Bitcoin gained over 1.4%, at one point wiping.

The Yen has been under pressure, losing 3.5% against the Dollar and over 5.6% against the Euro since the beginning of the month. The EURJPY has risen to its highest level since September 2008. The USDJPY is trading above 143.50,.

Silver fell sharply last week but has recently shown encouraging signs of recovery. The tactical objectives of silver’s decline appear to have been achieved, and silver is now in demand, reinforcing confidence that the bulls have defended the long-term uptrend.  Last.

Events in Russia at the end of last week have once again set the stage for a price rebound from the lower end of the range seen in recent months. However, deteriorating global macroeconomic conditions leave us guessing as to.