The Bank of England has given hard pressed indebted entrepreneurs a breather by pausing interest rate hikes. This brings to an end a sequence of 14 successive interest rate hikes… Read More
By JustMarkets
As of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.40%, while the S&P 500 Index (US500) lost 0.22%. The NASDAQ Te… Read More
Was that all, or is there more to come? The European Central Bank raised key interest rates again by 25 basis points on Thursday last week. The ECB deposit rate, which is the interest rat… Read More
All 70 economists polled anticipate that the ECB is to hold the deposit rate unchanged at 4.00% until year-end. Meanwhile, 41 of 70 economists (~59%) see the ECB waiting until at least Q3 ne… Read More
By JustMarkets
As of Friday’s stock market close, the Dow Jones Index (US30) decreased by 0.83% (-0.09% for the week), while the S&P 500 Index (US500) fell… Read More
Jos Buttler will lead a 15-member World Cup squad in the upcoming ICC World Cup 2023 in India. The ECB announced their squad on Sunday, (September 17) for the multi-team event.
England are t… Read More
Federal Reserve could be cautious as data continues to show economic resilience
BoE may raise rates for the last time in this cycle
BoJ eyed for more clues on interest rates after recent hin… Read More
ECB’s Lagarde: rate cut not on the agenda
SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lag… Read More
ECB’s Lagarde: rate cut not on the agenda SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lag… Read More
It does not preclude future decisions Comfortable with current level of rates Sees inflation target being reached in 2H 2025 April rate cut would be inconsistent with ECB’s macro scena… Read More
ECB delivers ‘dovish hike’
EUR/USD sinks 0.80% on Thursday
US to release manufacturing and consumer confidence reports on Friday
The euro has steadied on Friday. In the European… Read More
Yesterday’s significant US dollar up moves against the EUR, GBP, and CHF have not spread to the Chinese yuan and antipodean currencies.
The choice of China’s central bank, PBoC l… Read More
The most important results of European Central Bank meeting:
Increase key interest rates by 25 basis points
Further rises in interest rates are unlikely
Inflation expectations are revised… Read More
Marios Chailis, CMO, The Libertex Group
For over a decade, investors have become used to navigating equity markets in a low-interest-rate environment. The fallout from the Global Financial… Read More
ECB raises rates another 25 basis points but signals it may be the last
New forecasts show stubborn inflation but weak growth
Close above 55/89-day SMA band suggests breakout still valid
The… Read More
The scene is Dunsfold Park aerodrome, home of the test track of Top Gear, one of the most popular shows on television, and Andrew Flintoff, Ashes hero turned unlikely BBC star, is preparin… Read More
Euro falls to the lowest levels since May after ECB hikes rates and delivers an abysmal growth forecasts, while upgrading 2023 and 2024 inflation outlooks
Post ECB decision – October 2… Read More
The European Central Bank (ECB) recently raised interest rates, causing a decline in the euro and German government bond yields. However, while borrowing costs were expected to increase, the… Read More
The corridors of the European Central Bank (ECB) have been echoing with one critical debate recently: should they hike the interest rates yet again? It’s a double-edged sword, and the… Read More
US
This week is all about the US CPI report and retail sales data. If the US demand for goods didn’t weaken that much and if inflation heated up, rate hike expectations for the Novembe… Read More
The British Pound faced a challenging day, worsened by Bank of England Governor Andrew Bailey’s assertion that the conclusion of the interest rate hike phase was imminent. During his a… Read More
Yorkshire lined up for takeover bid by Rajasthan Royals – with IPL franchise offering £25m to take FULL control of crisis countyIf the move goes through, Rajasthan R… Read More
By JustMarkets
As of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.56%, while the S&P 500 Index (US500) lost 0.42%. The NASDAQ Te… Read More
(Bloomberg) — Stocks in Asia declined after disappointing China services data added to concern over the nation’s economic malaise. The dollar edged higher.
Most Read from Bloomb… Read More
(Bloomberg) — Stocks in Asia advanced as traders bet that China’s latest property stimulus measures will aid the economy and data suggested that US interest rates may be approac… Read More
US
The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Economic data is largely made up o… Read More
Dollar set for weekly loss as crucial US jobs data looms
By Kevin Buckland
TOKYO (Reuters) – The dollar was on course to snap a six-week winning streak against major peers on Friday, a… Read More
Eurozone: Christine Lagarde outlines ECB plans for first rate hike
With the Eurozone’s money supply shrinking for the first time since 2010, a banking expert has said Europe&rsquo… Read More
By JustMarkets
At yesterday’s stock market close, the Dow Jones Index (US30) increased by 0.85%, while the S&P 500 Index (US500) added 1.45%. The NASDAQ Te… Read More
Germany to release CPI on Wednesday, Eurozone on Thursday
US consumer confidence and jobs data disappoint
The euro’s mini-rally has run out of steam. EUR/USD climbed 0.80% over the pas… Read More
Latvian policymaker Martins Kazaks stated on Saturday that it may be premature for the European Central Bank (ECB) to halt interest rate hikes. Kazaks believes that stopping the fight agains… Read More
US
Now that we heard from Fed Chair Powell at the Kansas City Fed’s Jackson Hole Symposium, the focus shifts back to the data. This week is filled with data that will outline how quick… Read More
Eurozone August Services PMI fell into contraction territory; dropping from 50.9 to 48.3
Treasuries extend gains after global PMIs disappoint; double digit declines across global 10-year bon… Read More
By JustMarkets
As of Tuesday’s stock market close, the Dow Jones (US30) index decreased by 0.51%, while the S&P500 (US500) index lost 0.28%. The NASDAQ Technolo… Read More
Business activity across the eurozone contracted much more sharply than expected this month, a survey showed, as service sector output joined manufacturing in decline amid surging inflation… Read More
The most important economic data for this week are:
On Tuesday the 22nd until Thursday the 24th there will be the BRICS summit held in Johannesburg, South Africa where the leaders of the cou… Read More
2-year Treasury yield rises 3.7bps to 4.979% (supports Fed’s higher for longer push)
Dollar softens as risk appetite tentatively returns following last week’s stock market rout
F… Read More
(Bloomberg) — Treasury yields advanced while stocks in Asia traded mixed as investors braced for a further market downturn on China’s woes and more policy tightening global… Read More
US
The main event for next week will be the Kansas City Fed’s Jackson Hole Symposium. Fed Chair Powell’s speech will reiterate that more rate hikes might be needed and that… Read More
By JustMarkets
At yesterday’s stock market close, the Dow Jones Index (US30) increased by 0.07%, while the S&P 500 Index (US500) added 0.58%. The NASDAQ Technol… Read More
The Reserve Bank of India Governor Shaktikanta Das is set to announce the third bi-monthly monetary policy for FY24 today. The three-day meeting of the six member Monetary Policy Committee (… Read More
Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder March 14 (Reuters) – Bruised U.S. ban… Read More
The popular T20 league, Road Safety World Series, which brings together former international cricket stars, will see the participation of a team from Pakistan for the first time in its upcom… Read More
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Investors are increasing bets Europe will sink into a… Read More
Landlords and homeowners across the UK received positive news as several of the country’s largest lenders announced they would be cutting rates on their fixed mortgage offerings this w… Read More
US futures inch up; stock markets ride higher on cooler inflation
By Nell Mackenzie
LONDON (Reuters) – U.S. share futures treaded cautiously higher on Monday ahead of more large-cap ea… Read More