Market Overview

China has cut its benchmark interest rate. Oil may come under pressure in the coming weeks

2023.08.21
The Jackson Hole Symposium is scheduled to begin on Thursday of this week. Various academics, bank chiefs, and central bank governors gather to discuss monetary policy and financial markets.
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Week's main events (August 21 – August 25)

2023.08.21
This week's focus is on the Jackson Hole Symposium, PMI data, and PBoC prime rate
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A resilient US labor market proved to be a headwind for stock indices. Norges Bank continued to increase interest rates

2023.08.18
US weekly initial jobless claims fell by 9,000 to 239,000, showing a stronger labor market than expected at 240,000.
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US stock indices under pressure from hawkish FOMC minutes. Eurozone countries are slipping into recession.

2023.08.17
According to the FOMC minutes of the US Federal Reserve's July 25-26 meeting released Wednesday last month, most Fed officials still viewed high inflation as a persistent threat that could warrant fur...
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The RBNZ kept the interest rate at 5.5%. Hedge funds sell Chinese stocks

2023.08.16
Stronger-than-expected consumer spending increased the likelihood that the Federal Reserve may resume raising rates this year.
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The RBA and RBNZ are likely to maintain interest rates at their next meetings. China's economic data disappoints again

2023.08.15
On Tuesday, the US will release retail sales data for July, which is expected to show a pickup in demand early in the third quarter after a smaller-than-expected increase in June.
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Energy anxiety has returned to Europe. Drag metals are under pressure again because of the rising government bond yields

2023.08.14
Friday's Producer Price Index (PPI) data released on Friday came in slightly higher at 0.3% in July, up from the previously revised reading of 0%.
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Week's main events (August 14 – August 18)

2023.08.14
Investors' attention this week is focused on FOMC minutes and inflation data in the UK, Canada, and Japan
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Investors are cautious ahead of key US inflation data. Relations between the US and China are deteriorating again

2023.08.10
The US expected inflation indicator, closely watched in the bond market, rose to a nine-year high, signaling that inflationary pressures could return with renewed vigor and the Federal Reserve may con...
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