The Bank of Japan increased the permissible band for long-term rates. The BOJ maintained its Yield Curve Control (YCC) targets. US equities have been dragged lower due to recession worries. Asian equities plummeted following an unexpected adjustment by the Japanese central bank to its bond yield limits on Tuesday that will allow long-term interest rates Read More…
The US dollar fell on Monday as market sentiment improved. Yen futures rose on news that Japan will explore changing its monetary policy. The outlook for Europe’s largest economy brightened in December. Currency futures prices rose on Monday as the US dollar fell and market sentiment improved, lifting stocks and riskier currencies. Yen futures rose Read More…
There are increased recession worries as major central banks continue hiking rates. The Bank of England may be nearing the end of its tightening cycle. Retail sales in the United States declined more than forecasted in November. Gold prices increased on Friday as the safe-haven dollar decreased, giving up some significant gains in the previous Read More…
The prospect of additional global interest rate increases could heighten oil demand worries. China lost more steam as retail sales decreased and industry output stagnated. The International Energy Agency forecast that Chinese oil demand will increase next year. Thursday saw a decline in oil prices as the dollar strengthened. The prospect of additional interest rate Read More…
Data revealed that US consumer prices hardly increased in November. Markets are also keeping a close eye on the global economy. Investors will focus on Jerome Powell’s press conference after the FOMC meeting. Equities rallied on Wednesday, bonds were strong, and the US dollar was nursing losses. The enthusiasm that inflation has peaked and interest Read More…
There are worries about a rise in COVID-19 infections in China following the reopening. Core US CPI inflation is expected to decrease from 6.3% to 6.1%. At the Fed’s final meeting of 2022 on Wednesday, rates are projected to rise by 50 basis points. Following early gains on Tuesday, equities fell as investors awaited US Read More…
US producer prices increased more than anticipated last month. Markets are awaiting several important central bank meetings and releasing the latest US inflation figures. The BoE and the European Central Bank are expected to announce 50 bp rate increases. Currency futures fell as the dollar increased on Monday after data on Friday revealed that US Read More…
There is a 93% probability of a 50bps Fed rate hike next week. Initial jobless claims in the US went up slightly last week. The US economy could experience a brief and modest recession next year. Gold prices were mostly unchanged on Friday as wary investors kept an eye on important US inflation data and Read More…
On Wednesday, Oil fell to its lowest level of the year. US crude output increased last week, reaching 12.2 million barrels per day, its highest level since August. US gasoline stocks increased by 5.3 million barrels over the week to reach 219.1 million. After falling to their lowest point this year in the previous session, Read More…
Big US banks expect a poorer economy in 2023, warning of a looming recession. The S&P 500 collapsed for a fourth straight session on Tuesday after a two-month rally. China posted dismal trade figures for November, with imports and exports experiencing their largest monthly declines since 2020. Equities fell on Wednesday as investors became risk-averse. Read More…
