Archives: Market Overview

The RBA left the interest rate unchanged. Europe and the US are seeing declines in manufacturing activity

2023.07.04

The June US ISM manufacturing index was 46.0, below the consensus forecast of 47.1 and weaker than the May reading of 46.9.

Lower US inflation boosts hopes for less hawkish Federal Reserve policy

2023.07.04

On Friday, the PCE inflation rate, which is closely monitored by the US Central Bank, showed that price pressures are easing, fueling hopes that the Fed is nearing the end of its rate hike cycle.

Week's main events (July 03 – July 07)

2023.07.04

This week's focus on Nonfarm Payrolls, FOMC, an RBA interest rate decision

China's business activity continues to decline. Inflationary pressures are rising in Europe

2023.07.04

The US indices mostly rose yesterday. The Federal Reserve stress test showed that the 23 largest US banks could withstand a severe recession scenario.

All major central banks except the Bank of Japan remain on track to tighten monetary policy

2023.07.04

The US trade deficit narrowed by 6.1% to $91.1 billion from $97.1 billion in April.

Inflation data in the Eurozone is in the spotlight today. Geopolitical tensions in the world are rising again

2023.07.04

The minutes of the Federal Reserve's February meeting contained no new hawkish statements but added to expectations that further interest rate hikes are necessary to control inflation.

Economic optimism is boosting stocks. Australia and Canada are seeing a slowdown in inflation

2023.07.04

The US stock indices rose yesterday, helped by positive economic data.

In the US, there is an increase in price pressure. The Fed will continue to raise rates until the summer

2023.07.04

The January PCE data released Friday, one of the Fed's favorite inflation indicators, showed an unexpected increase in price pressures.

The new governor of the Bank of Japan will maintain a loose monetary policy.

2023.07.04

The US Commerce Department reported Thursday that the US economy grew at an annualized rate of 2.7% in the latest quarter.

The US stock indices remain under pressure. Inflation is on the rise in Europe

2023.07.04

The US CB consumer confidence index declined for the second month in a row, a sign that Americans are becoming more pessimistic about economic prospects amid persistently high inflation and rapidly ri...