Market Overview Archive - Page 15 of 203

Week's main events Week's main events (July 29 – August 02)

2024.07.29

Nonfarm payrolls report, Fed, BoE, and BoJ decisions, and inflation data are in the focus of the investors this week

MAS has maintained a monetary policy. Japan's inflation is on the rise

2024.07.26

The Monetary Authority of Singapore (MAS) left monetary policy on hold for July 2024, extending the pause for the 5th consecutive time amid moderate imported inflation.

The Bank of Canada lowered the rate for the second time. The People's Bank of China unexpectedly cut its one-year lending rate

2024.07.25

As some of the markets expected, the Bank of Canada (BoC) cut its key interest rate by 25 bps to 4.5% at its July 2024 meeting, extending the 25 bps rate cut from the June meeting.

Oil falls amid possible truce between Israel and Hamas. Indices remain under pressure

2024.07.24

Tesla's (TSLA) second-quarter net income fell 45% from a year ago as sales of the company's electric vehicles declined globally despite price cuts and low-interest financing.

AUD is under pressure from the PBoC cut rates. Singapore is seeing a decline in inflation

2024.07.23

Singapore's annual inflation rate fell to 2.4% in June 2024 from 3.1% in May, below market estimates of 2.7% and pointing to the lowest rate since August 2021.

The People's Bank of China unexpectedly cut interest rates. Biden quits from the presidential race

2024.07.22

The offshore yuan hit its lowest level in more than a week as traders reacted to the latest decision by the People's Bank of China (PBoC).

Week's main events Week's main events (July 22 – July 26)

2024.07.22

This week's focus is on the PCE inflation data and the BoC meeting

Natural gas prices bounced off the lows. Malaysia's GDP is well ahead of estimates

2024.07.19

The US natural gas prices (XNGUSD) rose more than 3.5% to above $2.1 per mmbbl, rebounding from a 10-week low after the EIA reported a smaller-than-expected injection into storage.

Technology companies fall on fears of new sanctions on China

2024.07.18

Bloomberg reported Wednesday that the Biden administration has told allies it is considering the toughest trade restrictions against chipmakers if they continue to give China access to advanced semico...

US indices hit all-time highs. Inflation in New Zealand is slowing down

2024.07.17

Bank of America (BAC) closed higher by more than 5% after reporting a second-quarter net interest income of $13.86 billion, better than the consensus of $13.81 billion, and estimating fourth-quarter n...