Market Overview - Page 93

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.

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.