Market Overview - Page 82

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.

UK consumer prices rose by 1.1% in February. Instead of the expected slowdown in annual inflation from 10.1% to 9.9%, we saw an acceleration to 10.4%. The core CPI returned to 6.2% y/y. This is an essential signal of continuing.

Canadian consumer prices rose 0.4% in February, with annual inflation slowing to 5.2% from 5.9%. Both figures were below expectations of 0.5% and 5.4%, respectively, reflecting a faster return to normality than economists had expected. Consumer inflation excluding fuel and.

By the start of European trading on Monday, WTI had lost over 20% from its high of $80.96 on 7 March to a low of $64.36. The sell-off that intensified last week may well be giving way to a new.