Market Overview - Page 86

This week’s PMI business activity figures were much weaker than expected, reflecting the impact of the sharpest monetary tightening in more than 40 years on the economy. The ISM’s service sector data attracts the most interest from market participants as.

The Reserve Bank of New Zealand made another rate hike of 50 points to 5.25%. Contrary to forecasts of a 25-point rate hike and the global trend towards a slowdown in policy tightening, the RBNZ has not slowed down a.

Over the weekend, OPEC+ unexpectedly announced a production cut of 1.16 million bpd. Separately, Russia extended its voluntary cut by 0.5 million barrels from March to the end of the year. The unexpected decision caused oil to jump at the.

The dollar index is ending with a decline for the fourth of the last five weeks, almost completely erasing the gains from February’s rise. Although it cannot be ruled out that the quarterly portfolio shakeout will create traction in the.

Market picture The crypto market’s capitalisation fell by 1.1% over the past day to 1.17 trillion, which resembles profit-taking after 50% of market growth in the first quarter of this year. Bitcoin underwent an even more active sell-off the night.

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.