Financial News
- Thomas Gillet
Policy reversal or consolidation? Turkey needs the former while Egypt needs the latter if the two middle-income countries are to avoid deeper balance-of-payments problems amid elevated global rates.
- James Hyerczyk
The US experienced a 3.2% increase in durable goods orders in March 2023, with transportation equipment leading the way.
- Bob Mason
It was a busy morning, with the Australian CPI Report drawing interest as investors responded to US economic indicators, earnings, and banking sector news.
- James Hyerczyk
Despite PC sales decline, Microsoft’s earnings boosted by Azure cloud business.
- Vladimir Zernov
Treasury yields are moving lower as demand for safe-haven assets increases.
- James Hyerczyk
Housing prices see improvement in most cities, yet West Coast struggles in February 2023, according to Case-Shiller
- James Hyerczyk
McDonald’s exceeds Q1 earnings and revenue expectations with same-store sales growth in all three divisions
- Bob Mason
Manufacturers continued to paint a grim outlook, with the UK CBI Industrial Trend Orders holding steady at -20, the equal lowest since February 2012.
- Vladimir Zernov
U.S. dollar tested session lows as Treasury yields declined while gold moved back above the $1985 level.
- Bob Mason
The German Ifo Business Climate Index survey delivered mixed results today. However, improving optimism across the manufacturing sector was positive.
- James Hyerczyk
US Manufacturing & Services sectors grow in April, optimism tempered by inflation & shift to services.
- Bob Mason
It is a busy end to the week, with economic indicators from the UK drawing plenty of interest. This morning, retail sales numbers eased pressure on the BoE.
- James Hyerczyk
Unemployment Claims Rise by 5,000, Reaching 245,000, Slightly Higher than 240,000 Forecast
- Bob Mason
This morning, German producer prices fell by 2.6%. However, energy prices were a drag, which may leave the markets to discount today’s numbers.
- James Hyerczyk
Shares in electric vehicle makers Tesla dropped 4% after the company reported first-quarter earnings after the bell.
- Dennis Shen
Ukraine will likely suspend foreign debt service again by mid-2024 while debt forgiveness is probable medium run. However, the creditworthiness of Ukraine’s domestic debt has improved.
- James Hyerczyk
Eurozone sees relief amid easing inflation in March as policymakers eye economic recovery.
- Bob Mason
The UK inflation report returns the focus to the BoE today. An annual inflation rate of 10.1% coupled with the latest wage growth numbers favored the hawks,
- James Hyerczyk
Single-family housing starts saw a small increase in March, but overall building permits and housing starts were down.
- Bob Mason
The UK Labour Market Overview delivered mixed results this morning. However, hotter-than-expected wage growth could fuel bets of a more hawkish BoE.