Market Overview - Page 88

Inflation data from Germany yesterday and today reinforce hopes that the inflation wave is rolling back faster than expected. Whilst the early success does not promise a quick win, it does raise prospects that high inflation expectations have been avoided..

The S&P 500 index peaked in the first trading session of 2022, and it would be naive to expect the index to start rising from the first days of the new year. The stock markets may experience some pressure in.

Market picture Bitcoin has declined slightly over the past 24 hours – the bulls have still not decided to go on the offensive. Perhaps it is because of an overhang of selling orders from struggling miners. The first cryptocurrency is.

Japan boasts one of the slowest consumer price rises in the developed world. Data published Friday morning showed a 3.8% increase in prices in November compared to a year earlier, excluding fresh food and energy prices, an increase of 2.8%.

The number of US building permits issued collapsed by 11.2% in November to 1,342K after falling by 3.3% a month earlier. Barring a dip in the pandemic, this low number of permits was mid-2019 when the Fed turned to cut.

Canada’s producer price index fell 0.4% in November, sharply contrasting with the expected 2.2% m/m increase after jumping 2.4% m/m. An even more shocking contrast was in the commodity price index, where the decline was 0.8% m/m instead of the.

The Bank of Japan made a surprise move on Tuesday morning, extending the permissible yield range of 10-year government bonds. The decision caused the yen to strengthen by more than 3%, and the Nikkei225 index lost as much as 4%.

Market picture The crypto market is waking up from a complete lull. Down just over 1% yesterday in the $16.5K area, bitcoin hit lows since late November, triggering a wave of stop orders during the early Asian session that dragged.

Germany’s business sentiment index rose in December for the third month, returning to August levels on the back of more optimistic expectations, while assessment of the current situation has improved just slightly. Ifo Business Climate Index for Germany jumped from.

For the third time since April, the S&P500 index faces a sharp sell-off from the 200-day average. And all times, the fundamental reason is a more hawkish Fed policy than the markets had hoped for. In June-August and October-December, the.

The ECB raised key rates by 50 points, bringing the key rate to 2.5% – the highest in 14 years, but promising not to stop there. In addition to the rate decision, the ECB will start selling assets off the.

The Swiss National Bank raised its rate by 50 points to 1.0% after two hikes of 50 and 75 points at the previous two meetings. In an accompanying commentary, the NBS said it was countering rising inflationary pressures. In the.