Financial News
- Vladimir Zernov
Services PMI fell in September but managed to stay above the 50 level.
- James Hyerczyk
Manufacturing’s PMI remained at 43.4 in the Eurozone, while the Services sector’s index showed slight resilience, rising to 48.4 from 47.9.
- Bob Mason
The Bank of Japan left monetary policy ultra-loose this morning, with no changes to the Yield Curve Control policy or interest rates.
- Vladimir Zernov
Rising interest rates put pressure on the housing market, but house prices remain high due to low supply.
- James Hyerczyk
The Bank of England’s MPC holds the 5.25% rate, cuts £100 billion in bond buys, and eyes potential tightening if inflation persists.
- James Hyerczyk
Federal Reserve Chairman Jerome Powell said the interest rate outlook isn’t set; experts diverged on interpreting Fed’s cautious future stance.
- Vladimir Zernov
Fed’s economic projections show a stronger economy and higher interest rates.
- Bob Mason
The UK annual inflation rate fell short of forecasts. An unexpected softening in inflationary pressure will raise question marks over a BoE rate hike.
- James Hyerczyk
In August, Canada’s inflation hit 4.0% due to a 0.8% gasoline price surge, exceeding forecasts, with BOC predicting short-term spikes.
- Vladimir Zernov
High interest rates put significant pressure on the activity in the housing market.
- James Hyerczyk
August’s IPPI saw a monthly gain of 1.3%, spurred mainly by a 10.6% leap in refined petroleum products.
- Bob Mason
The Fed, The Bank of England, and the Bank of Japan are in the spotlight this week. Private sector PMIs also need consideration as recession fears grow.
- Bob Mason
As BTC mining hits the 50% clean energy mark, the crypto world watches for Elon Musk and Tesla’s next move.
- Vladimir Zernov
At 67.7 points, consumer sentiment is far away from the historical average reading of 86 points.
- James Hyerczyk
Tertiary industry defies expectations, with July 2023 showing a remarkable 2.7% year-on-year growth, indicating a robust recovery.
- Vladimir Zernov
Natural gas prices are moving lower after the release of the EIA report.
- James Hyerczyk
The U.S. PPI for August 2023 rose 0.7%, with 80% due to a 2.0% spike in final demand goods, driven by a 20.0% surge in gasoline prices.
- Bob Mason
Australian employment figures sent a vastly different signal to the July report. A steady unemployment rate could ease fears of a slump in consumption.
- Vladimir Zernov
Domestic oil production increased from 12.8 million bpd to 12.9 million bpd as producers reacted to higher prices.
- James Hyerczyk
The core CPI data revealed a rise of 0.3% for the month, higher than the 0.2% forecast.