Market News

Suzuki Warns Will Respond Appropriately to Weaker Yen; Crude Oil Higher on OPEC Rumour; Lula Narrowly Leads Bolsonaro as Brazil Presidency Faces Second Round.

BoE Intervenes in Gilts; Stocks, Risky Assets Bounce Back; US Dollar Sells Off; Fed’s Evans Sees Rates Peak in March 2023.

The UK Chancellor Kwasi Kwarteng unveiled the biggest range of tax cuts in 50 years, including a reduction of the highest rate of income tax from 45% to 40%.

Fed’s Kashkari Warns on Tightening; 10-Year Treasury Yields Exceed 4%; S&P 500 Reaches 2-Year Low; US Dollar Hits Long-Term Highs Against EUR and NZD; IMF Criticises UK Tax Cut Plan.

As widely expected, the Fed has remained steadfast in its attempts to control high inflation, which rose by an annualized 8.3% in August.

Fed Hikes by 0.75%, Signals More Aggressive Rises; 2-Year Treasury Yields Exceed 4.10%; US Dollar Hits Long-Term Highs Against Every Major Currency; Stock Markets Fall; BoJ Maintains Negative Rates; Markets Await BoE, SNB.

80% Chance Fed Will Raise by 0.75%; 2-Year Treasury Yields Exceed 3.99%; US Dollar Continues to Gain; Stock Markets Lower; Canadian Inflation Falls.

Kiwi, Looney Weaken; 2-Year Treasury Yields Exceed 3.97%; RBA Signals Rates Close to Normal.

US Dollar Index Continues to Gain Strength, Global Stock Markets Continue Fall; Gold Falling to 2-Year Low; 2-Year Treasury Yields Exceed 3.90%

Bank of Japan Conducts Rate Check, Yen Begins Stabilization; US Dollar Remains Firm; 2-Year Treasury Yields Exceed 3.83%; New Zealand GDP Strong.

The United States’ CPI index rose by 0.1% month-on-month in August after being unchanged in July, according to the September 13 inflation data released by the Bureau of Labor Statistics.

US CPI Data Higher Than Expected; US Dollar Gains Strongly; 2-Year Treasury Yields Exceed 3.8%; Bank of Japan Signals Intervention.

US Inflation Data Expected to Show Decline; Global Stocks Higher; US Dollar Weakens Sightly.

USD/JPY Rising Despite Remarks; Asian Stocks Higher; Markets Await UK GDP Data; Sweden Election Neck and Neck

So far, the ECB has lagged behind the more hawkish United States’ Federal Reserve over increasing rates which climbed up to 2.5% in July.