Archives: Market Overview

FOMC representatives maintain "hawkish" positions. Inflationary pressures are easing in Singapore

2023.09.25

San Francisco Fed Chairwoman Daley said Friday she was not ready to declare victory in the fight against inflation and said inflation is unlikely to reach the Fed's 2% target in 2024.

Week's main events (September 25 – September 29)

2023.09.25

This week's focus is on the inflation indicators in the United States, Eurozone, and Australia

The central banks of Norway and Sweden continue to raise rates. The Swiss National Bank and the Bank of England press on pause

2023.09.22

The Philadelphia Business Outlook Survey of US business activity for September fell from 25.5 to 13.5, weaker than expectations of 1.0.

The FOMC plans to hold another rate hike before the end of the year. New Zealand is likely to avoid recession

2023.09.21

Yesterday, the FOMC voted unanimously to keep the target range for the federal funds rate unchanged at 5.50%, with 12 of 19 policymakers expecting another 25 bps rate hike this year.

China kept key interest rates unchanged. Inflation is accelerating in Canada

2023.09.20

Canadian inflation accelerated more than expected for the second consecutive month.

Oil's rally continues. Investors are in no hurry to intensify trading ahead of the Fed meeting

2023.09.19

Markets estimate the probability of the FOMC raising the rate by 25 bps at the November 1 meeting as 31%, and the probability of a 25 bps rate hike at the next meeting on December 13 is 14%.

China's economic indicators have started to improve. US stock indices are under pressure from the risk of economic instability

2023.09.18

The US dollar came under pressure on Friday after reports from the University of Michigan on consumer sentiment and inflation expectations fell more than expected, a dovish factor for Fed policy.

Week's main events (September 18 – September 22)

2023.09.18

A week of central bank meetings and inflation data ahead

Oil is hitting new highs again. The ECB has reached its peak interest rate

2023.09.15

Weekly US Initial Jobless Claims rose by 3,000 to 220,000 from expectations of 5,000, indicating a stronger than expected labor market.

US inflation data came out mixed. The labor market in Australia remains resilient

2023.09.14

Moderna (MRNA) rose more than 6% yesterday, leading gains in the S&P 500 and Nasdaq 100 stocks after it reported that a modified version of its flu shot met key targets in a late-stage trial, paving t...