Financial News
- Bob Mason
Japan’s economy grew more than expected in Q1, supported by an upward revision to business investment. The numbers will test the BoJ policy stance.
- Vladimir Zernov
Strategic Petroleum Reserve fell to multi-decade lows, providing additional support to oil prices.
- James Hyerczyk
U.S. goods and services deficit expands in April, surpassing estimates.
- Bob Mason
German industrial production rises modestly in April. However, the latest factory orders and manufacturing PMIs signal more pain ahead.
- Bob Mason
China trade data signaled more doom and gloom, with exports unexpectedly falling in May. GDP numbers out of Australia also disappointed.
- Vladimir Zernov
The index has been in the negative territory for 22 months in a row.
- Eiko Sievert
Germany’s economy will return to modest growth in the second half of this year, but elevated inflation and volatile net exports will ensure the recovery remains weak at least until 2024.
- James Hyerczyk
Euro area retail trade remains stable in April 2023, while EU sees modest growth.
- Bob Mason
German factory orders fell less than expected in April. However, a second monthly decline and a contracting manufacturing sector paint a gloomy picture.
- Bob Mason
The RBA increased the cash rate to 4.10% this morning and delivered a hawkish Rate Statement warning of further tightening should inflation not soften.
- Vladimir Zernov
While ISM Services PMI remained above the 50 level, the report highlighted concerns about the slowing economy.
- James Hyerczyk
Highlights Industrial producer prices fell in April 2023 but showed yearly growth. Energy sector experienced a significant decrease, while consumer goods saw modest increases. Prices varied across countries, with Hungary, Latvia, and Slovakia seeing the highest increases. Overview According to the latest estimates from Eurostat, the statistical office of the
- Bob Mason
Today’s stats raised more red flags, with activity growing at a slower rate. The ECB will have to consider the deteriorating macroeconomic environment.
- Bob Mason
It is a busy week ahead for the crypto market, with US lawmakers, economic indicators, and the SEC v Ripple case likely focal points for investors.
- Bob Mason
It is a busy week ahead. While the US ISM PMI is the key stat for the Fed, China trade and inflation numbers and stats from Germany will also move the dial.
- Bob Mason
It was a busy week for the crypto market. ETH staking inflows hit record highs, Fed fear subsided, and the US narrowly avoided a Monday default.
- Vladimir Zernov
U.S. dollar is mostly flat against a broad basket of currencies, while gold is testing the support at $1965.
- James Hyerczyk
May nonfarm payrolls impressively surpassed expectations amidst challenges, with the unemployment rate steady at 3.7%, just above 1969’s low.
- Bob Mason
French industrial production increased by 0.8% in April. However, a fall in the production of motor vehicles and food & beverages will draw interest.
- Vladimir Zernov
The activity in the manufacturing sector contracted for the seventh consecutive month as high interest rates put pressure on businesses.