This month, the 10-year US Treasury yield reached its highest level in response to the BoJ policy tweak. Investors are baffled about how to interpret the BoJ’s policy shift. Single-family homebuilding in the United States fell to a 2-1/2 year low in November. Equities held steady on Wednesday after closing higher on Tuesday. The dollar Read More…
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…
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…
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…
The US economy’s strength stoked concerns about the prospect of higher rates. US services industry activity unexpectedly increased in November. The market anticipates the terminal rate to increase to 5.001% in May, up roughly nine basis points from last week. Global equities rose slightly on Tuesday after Monday’s decline as fresh indications of the US Read More…
