Market Overview
Japan sees inflationary pressures easing. Angola leaves OPEC+
2023.12.22
The Philadelphia Fed's December business outlook survey unexpectedly fell by 4.6 to minus 10.5, which was weaker than expectations for a rise to minus 3.0.
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Hedge funds and large investors are locking in positions ahead of the Christmas holidays
2023.12.21
Philadelphia Fed President Harker's comments on Wednesday were somewhat hawkish and favorable to the US dollar when he said the Fed should start cutting interest rates, but "we shouldn't do it too qui...
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China kept interest rates at current levels. The conditions for a rally have formed again for oil
2023.12.20
On the upside, construction starts unexpectedly rose by 14.8% m/m to a 6-month high of 1.56 million in November, which was stronger than expectations for a decline to 1.36 million.
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Bank of Japan disappointed investors with no plans for 2024. Oil rises due to Houthi attacks on tankers in the Red Sea
2023.12.19
Goldman Sachs yesterday raised its target for the S&P 500 by the end of next year to 5,100 from a mid-November forecast of 4,700, saying the Fed's dovish policy rate last week and lower consumer price...
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Investors are expecting a Santa Claus rally. The Eurozone economy is close to a recession
2023.12.18
Hawkish comments from the Fed on Friday lent support to the dollar. New York Fed President Williams said the question now is whether the bank has sufficiently constrained the economy.
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Week's main events Week's main events (December 18 – December 22)
2023.12.18
This week's focus is on the BoJ Interest Rate Decision, and inflation data in Canada, Japan, the United Kingdom, and the Eurozone
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ECB and BoE are in no hurry to cut the rate. SNB has ended the tightening policy in this cycle
2023.12.15
Economic news from the US on Thursday was better than expected. Weekly initial jobless claims unexpectedly fell by 19,000 to an 8-week low of 202,000, indicating a stronger labor market. In addition,...
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FOMC predicts rate cuts. The SNB, BoE, and ECB will meet today
2023.12.14
The FOMC lowered its median forecast for the federal funds interest rate at the end of 2024 to 4.625% from 5.125% in September, implying a 75 bps rate cut next year. Fed Chairman Powell said that infl...
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New Zealand passed a law returning the Central Bank to a single mandate on inflation. Oil prices are under pressure again
2023.12.13
The US Consumer Price Index for November declined to 3.1% y/y from 3.2% y/y, in line with expectations.
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Bank of Japan's statements mislead investors. Oil is expected to see a rise in fuel demand ahead of the holidays
2023.12.12
This week, markets will also keep a close eye on the results of the central bank meetings of the Fed, ECB, SNB, and Bank of England to see if policymakers support the suspension of the interest rate h...
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