Market Overview Archive - Page 22 of 199

Rising US producer inflation may reduce the number of scheduled Fed rate cuts

2024.03.15

Thursday's US retail sales report for February 0.6% m/m was weaker than market expectations of 0.8%, while the January figure was revised downward to 1.1% m/m from 0.8%.

Silver prices have reached a one-year high. Oil is growing amid a decline in inventories

2024.03.14

Fed Chairman Powell said last week that the Fed is "not far" from being confident enough to cut interest rates.

ECB intends to cut rates this spring. The US stock indices grow despite inflation growth

2024.03.13

Currently, markets are pricing the odds of a 25 bps rate cut at 1% for next week's FOMC meeting on March 20, 15% for the next meeting on May 1, and 78% for the subsequent meeting on June 12.

Natural gas prices are falling again. Chinese indices are growing amid support from the Central Bank

2024.03.12

Nvidia shares suffered profit-taking last Friday after initially hitting a record high and rising more than 17% over the previous six sessions.

The US labor market is cooling. ECB officials talked about cutting rates in the spring

2024.03.11

Although the US economy added 275K jobs, unemployment jumped to 3.9%, and wage growth slowed. The data indicates that the labor market has begun to cool down.

Week's main events Week's main events (March 11 – March 15)

2024.03.11

Investors focus this week is on inflation data in the United States as well as labor market data in the United Kingdom

ECB kept interest rates unchanged and delayed the first cut until the summer. Increased tension in the Middle East supports oil growth

2024.03.08

ECB kept interest rates unchanged and delayed the first cut until the summer. Increased tension in the Middle East supports oil growth

The Bank of Canada kept rates unchanged and maintained its dovish bias. The ECB will also keep all policy settings unchanged today

2024.03.07

Fed Chairman Powell said in front of Congress that it would likely be appropriate to begin reducing borrowing costs at some point this year.

Today, the focus of investors' attention is directed to the Bank of Canada meeting, as well as Jerome Powell's testifies before Congress

2024.03.06

Today, investors expect Federal Reserve Chairman Jerome Powell to address the US Congress, where he may give clues on the timing and extent of interest rate cuts this year.

Inflation is falling in Switzerland. Oil declines despite OPEC+ countries extending production cuts

2024.03.05

Markets await Fed Chairman Powell's semi-annual testimony before a House committee on Wednesday and a Senate committee on Thursday for clues on future Fed policy.