Financial News
- Bob Mason
The week ahead is another busy one, with central banks in the spotlight. However, the US CPI Report could be the big market mover on Wednesday.
- Bob Mason
It was a busy week for the crypto market. Binance remained in the news headlines, with ETFs also in focus as Fed Fear resurfaced mid-week.
- Vladimir Zernov
Falling Treasury yields put pressure on the U.S. dollar but did not provide strong support to major indices.
- James Hyerczyk
Nonfarm payroll employment in the U.S. rose by 209,000 in June, while the unemployment rate remained steady at 3.6 percent.
- Bob Mason
German industrial production declined in May. Next up, ECB President Christine Lagarde and the all-important US Jobs Report.
- Vladimir Zernov
The report did not provide support to riskier assets as traders remained focused on rising yields.
- James Hyerczyk
US private sector employment exceeds forecasts with 497,000 jobs added in June. ADP’s report shows healthy wage growth of 6.4% year-over-year.
- Thomas Gillet
Distressed African countries risk having weaker credit profiles for longer unless there are better co-ordinated debt restructurings. Any improvements need to overcome burden-sharing among more diverse creditor groups.
- James Hyerczyk
Retail trade faces ongoing volatility and uncertainties, influenced by changing consumer behavior and economic conditions.
- Bob Mason
It was a relatively quiet morning. However, the Australian trade surplus widened in May, supported by a 4.4% jump in exports and a 2.5% increase in imports.
- Vladimir Zernov
Some Fed officials wanted to raise the federal funds rate by 25 bps in June.
- James Hyerczyk
Industrial producer prices in the euro area and EU experience a decline in May 2023, reflecting ongoing challenges in the sector.
- Bob Mason
In June, China Caixin Services PMI numbers gave investors more to fret about and more reasons for Beijing to deliver more stimulus to boost growth.
- James Hyerczyk
Germany experiences a minor setback in export performance but witnesses a notable rebound in imports.
- Bob Mason
The RBA stunned the markets this morning by unexpectedly leaving the cash rate at 4.10%. The Aussie Dollar tumbled in response to the pause. (Updated)
- Vladimir Zernov
The ISM data indicated that U.S. manufacturing sector remained under strong pressure.
- Bob Mason
In June, the China Caixin Manufacturing PMI avoided sub-50. However, weak overseas demand continued to spell trouble for the Chinese economy.
- Bob Mason
It is a busy week ahead despite the Fourth of July holidays. Private sector PMIs will draw interest ahead of the all-important US Jobs Report on Friday.
- Bob Mason
It was a choppy Monday to Friday for the crypto market. Binance and SEC v Ripple-related news were a drag, while ETF updates delivered volatility.
- Vladimir Zernov
Consumer Sentiment is boosted by the resolution of the debt ceiling crisis and softening inflation.
