Market Overview
Houthi attacks continue in the Red Sea. Inflationary pressures are easing in the US
2024.01.29
The US core PCE deflator for December eased to 2.9% y/y from 3.2% y/y in November, better than expectations of 3.0% y/y.
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Week's main events Week's main events (January 29 – February 02)
2024.01.29
The week promises to be a busy one, starting with the central banks meeting and ending with the Nonfarm Payrolls labor market report
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The ECB left rates unchanged and is planning its first cut for the summer. Inflation in Japan continues to slow down
2024.01.26
Tesla (TSLA) is down by more than 10% after reporting weaker-than-expected adjusted earnings per share for Q4 and stating that vehicle volume growth in 2024 could be markedly lower than in 2023.
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Corporative reporting supports US stock indices. The People Bank of China (PBoC) intends to stimulate the economy
2024.01.25
Strong earnings from technology companies supported the broader market, as Netflix (NFLX) closed higher by more than 10% after reporting fourth-quarter streaming pay-per-view numbers well above consen...
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Inflationary pressures are easing in New Zealand. Today, the focus of investors is directed to the BoC meeting
2024.01.24
The Richmond Fed's January index of current conditions in the manufacturing sector unexpectedly fell by 4 to a 3-year low of negative 15, weaker than expectations of a rise to negative 8.
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The US stock indices have once again hit all-time highs. Tensions are growing in the Middle East
2024.01.23
Markets are discounting the odds of a 25 bps rate cut at 3% for the January 30-31 FOMC meeting and 42% for the same 25 bps rate cut at the March 19-20 meeting.
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US stock indices hit all-time highs. PBoC left key lending rates unchanged
2024.01.22
According to the University of Michigan, inflation expectations in the US fell this month, bolstering hopes that the Fed could provide a soft landing for the economy.
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Week's main events Week's main events (January 22 – January 26)
2024.01.22
Investor focus this week is on central bank meetings in Japan, Canada, the Eurozone, and China
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Houthi rebels continue to cause problems in the Red Sea. The Bank of Malaysia intends to hold the current rate until the end of 2024
2024.01.19
Economic news out of the US on Thursday was mixed. Weekly initial jobless claims unexpectedly fell by 16,000 to a 16-month low of 187,000, indicating a stronger labor market than expected at 205,000....
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Falling probabilities of interest rate cuts in the spring are weighing on stock indices
2024.01.18
Economic news from the US on Wednesday was hawkish for Fed policy and bullish for the US dollar, which pressured the indices.
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