Market Overview - Page 92

The statistics packages from China and Japan – the largest economies in the Asian region – came out below expectations, highlighting weak domestic demand and production. Japan’s economy lost 0.3% in the third quarter while it was expected to grow.

The Swiss Producer and Import Price Index was virtually unchanged in October, slowing down in annual terms to 4.9% against 5.4% a month earlier and against a peak of 5.9% in June. In contrast to its larger eurozone neighbours, the.

According to the latest estimates, Eurozone industrial production added 0.9% for September and 4.9% y/y. The figures are much better than the expected +0.1% m/m and 2.8% y/y, showing that the euro-region economy is in no hurry to slip into.

The dollar index lost 4% last week, the most significant drop since March 2020. Such powerful moves against the trend often signal a further trend reversal. However, it will probably be a slower pace of decline and not a one-way.

The final German inflation data continues to underline the divergence with the USA. This gives a chance for a further EURUSD recovery if the ECB has the strength to hike rates longer than the Fed. The official report today confirmed.

On Thursday, we saw one of the most significant intraday moves of the Nasdaq100, which added 7.5%. The move is very similar to what we have seen in November 2020, December 2018, and March 2009: a strong pullback from the.

The pound rally gained new momentum on Friday morning, following a respite after the 3% rise in GBPUSD on Thursday. The British currency was supported predominantly by better-than-expected economic data and comments from the Governor of the Bank of England.

US consumer prices rose markedly weaker than expected, sparking excitement in financial markets. A rise in weekly jobless claims also added to the picture of a weakening economy, reviving speculation that the Fed will slow down tightening soon. The consumer.

Oil has lost 7.5% since Tuesday, bouncing back to $84 for WTI. Pressure intensified on Wednesday after the weekly inventory report. Having failed to break above $93 for the second time in just over a month, oil appears to have.

A slowdown in economic activity in China and beyond is putting pressure on consumer and producer inflation. The consumer price index slowed from 2.8% to 2.1% y/y in October, the lowest level since May. The producer price index was 1.3%.

Investor interest in precious metals is shining with renewed vigour as some investors see them as a safe haven amid the storm of the crypto market. Having broken above $1700, gold is showing the first signs of breaking the downtrend.

The dollar index lost over 1.9% on Friday, one of the ten most significant daily declines in the last 20 years. Given that the pressure on the dollar was throughout Friday and remained in place on Monday, dollar bulls are.