Financial News
- Bob Mason
The RBA left interest rates at 3.6% this morning, with Board members wanting to assess the effects of 3.5 percentage points on the economy and inflation.
- Vladimir Zernov
SP500 tests new highs as Treasury yields are moving lower after the release of the PMI reports.
- Bob Mason
The China Caixin Manufacturing PMI fell to 50.0 in March to raise concerns over the economic outlook, with global demand weighing.
- Dennis Shen
Poland’s credit ratings face a double challenge, first from the unresolved dispute with the EU over the rule of law, and second from loose monetary policy at odds with runaway inflation.
- James Hyerczyk
Nikola’s struggles ramping up production continue to impact investor confidence
- Vladimir Zernov
Chicago PMI showed that business activity contracted for the seventh month in a row.
- James Hyerczyk
The latest figures on personal income and consumption for February reveal a small uptick in income and a slight decrease in spending.
- Bob Mason
Inflation figures for the euro area will give the ECB some relief. However, core inflation remains elevated, which will be a concern.
- Vladimir Zernov
U.S. dollar is under pressure as traders bet that Fed would be forced to cut rates in 2023.
- James Hyerczyk
US Q4 2022 GDP slows due to export & consumer spending decline. Weekly jobless claims rise slightly.
- Bob Mason
The ECB Economic Bulletin drew plenty of interest today. While ECB Staff project a sharp softening, the ECB comments suggest more work to tackle the CPI.
- Vladimir Zernov
The better-than-expected report may provide additional support to stocks.
- James Hyerczyk
UK banks are deemed resilient and can continue supporting households and businesses despite global economic uncertainty.
- Bob Mason
Australian inflation came in cooler than expected in February. Significantly, the latest numbers support an RBA pause in April, weighing on the AUD/USD.
- Vladimir Zernov
Consumer mood has surprisingly picked up in March.
- James Hyerczyk
US Census Bureau preliminary report shows growing trade deficit in goods for February
- Bob Mason
Australian retail sales beat forecasts this morning. However, the numbers are unlikely to force the RBA into another rate hike/
- Vladimir Zernov
SP500 is facing strong resistance near the important 4000 level.
- Dennis Shen
The weak governance behind the crisis in South Africa’s energy sector is contributing to sluggish growth and rising government debt and has implications for South Africa’s credit ratings.
- James Hyerczyk
Deutsche Bundesbank President Nagel warns of high inflation and calls for acceleration of quantitative tightening to reduce ECB’s bond portfolio.