Market News

Japanese Equity Boom Sends TOPIX to 30-Year High; Japan GDP Beats Expectations; Fed’s Goolsby Undecided on Rate Hike

Canadian CPI (inflation) data released Tuesday 16th May showed annualized inflation rose in April from 4.3% to 4.4%, above the consensus forecast of 4.1%.

No Agreement Yet on US Debt Ceiling; US Dollar Weaker; Equities Rise

President Erdogan Just Short of 50% Needed; Progress in US Debt Ceiling Talks; Japanese Yen Weakens

BoE Policy Meeting Today; US Annualized CPI Males Small Surprise Decline; NASDAQ 100 Index, British Pound Hits New Highs on Rally; Chinese Inflation Slows to 0.1% Monthly Rise

Annualized inflation in the United States has fallen by just 0.1% down to 4.9% in the year to April, according to data released by the Bureau of Labor Statistics (BLS).

US Core CPI Expected to Fall Slightly; US Dollar Makes Minor Gains

Stock Markets Mixed to Bullish; Gold Rising Again; BoJ’s Ueda Optimistic on Inflation

NFP Sees 253k New Jobs; Stock Markets Bullish; Dollar Falling In-Trend; Gold Near Record High

The Fed hikes rates yet again, but drops language hinting at future hikes, leading to increased expectations that this tightening cycle is over.

ECB Expected to Raise Rates Today; Fed Hikes by 0.25%, Drops Language About Further Raises; Dollar Falling In-Trend; WTI Crude Oil Bounces from 14-Month Low

Fed Expected to Hike by 0.25% Today; US Banking Concerns Resurface; WTI Crude Oil Drops Hard

Reserve Bank of Australia Surprises With Higher Rates; Fed Expected to Hike by 0.25% Wednesday; Yean Weakness Ongoing; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

UK, Germany, France, Switzerland on Holiday; Fed Expected to Hike by 0.25% Wednesday; First Republic Talks Ongoing; Soft Commodities Rise: Sugar, Cocoa ETFs Near Multi-Year Highs

US Advance GDP data released last Thursday showed an annualized increase over the first quarter of 2023 of only 1.1%, much lower than the 2% which had been widely expected or the previous quarter’s 2,6%.