Market Overview - Page 89

The Fed’s key rate meeting promises to be the last significant scheduled event for financial markets. Decisions and comments today have every chance of being decisive for the stock market over the next few weeks. The currency market has already.

US consumer prices added 0.1% for November, significantly weaker than the expected 0.3%. The annual price growth rate slowed to 7.1% YoY against expectations of 7.3%, 7.7% a month earlier and two percentage points below the June peak. An important.

UK data released today marked a sharp rise in jobless claims, marking a turnaround in employment recovery after covid restrictions. The ONS reported a 30.5K increase in claimant count for November after a 6.5K decline a month earlier and a.

US stock indices have rallied impressively in October and November, but the start of December is still heavy. And now is the right time to figure out whether the previous two months were a bear market rally or the beginning.

The single currency edged against most of its peers on Wednesday and managed to return to territory above 1.05, helped in no small part by published economic data. In the morning, Germany surprised with a less sharp drop in industrial.

WTI crude is down to $73, while Brent is approaching $78, losing 2% since the start of the day and almost 10% since the beginning of the month. Despite rumours about possible quotas cut, OPEC+ keep them for another two.

Last month, China’s harsh lockdown measures negatively impacted foreign trade. Exports fell by 8.7% YoY; imports lost 10.6% YoY. Economists, on average, were expecting half the rate of decline. Trade surplus shrank to $69.84B in November from $85.15B a month.

Market picture The crypto market remains detached from movements in traditional financial markets. Bitcoin continues to hover around $17K, despite the S&P 500 is down 1.5% and the Nasdaq down 2%. The capitalisation of the entire crypto market is unchanged.

Since the end of last month, the inverse dependence of major stock indices on US data has become more pronounced. Following the positive surprise of the November employment report (so-called ‘hard data’), markets received a better-than-expected ‘soft data’ batch. ISM.

The Reserve Bank of Australia raised its key rate by 0.25 percentage points to 3.1% on Tuesday morning, meeting expectations. The current rate level is the highest in 10 years and the eighth consecutive hike, but the RBA has signalled.

According to a new ADP report, the US private sector created 127K new jobs in November – the lowest since January 2021 and significantly below expectations (196K) and past data (239K). The accompanying commentary says that the labour market and.

In addition to the riots against tight covid restrictions since the weekend, China is also facing broader adverse effects of the strict anti-Covenant policy, PMI data shows. The official survey showed the manufacturing index falling from 49.2 to 48.0 –.