Market Overview
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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The ECB and Fed will cut rates sooner than the BoE. Deflationary processes are intensifying in China
2023.12.11
Stocks initially declined on Friday, and bond yields jumped after the monthly labor market report showed a larger-than-expected increase in non-farm payrolls for November and an unexpected drop in the...
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Week's main events Week's main events (December 11 – December 15)
2023.12.11
The focus this week is on global central banks meetings and inflation data
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The ECB could cut rates as early as April 2024. Today, the focus is on the US labor market data
2023.12.08
A positive for stocks yesterday was Alphabet (GOOG) shares rising more than 5% after Google released Gemini, "the largest and most capable artificial intelligence model" the company has ever developed...
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The Bank of Canada left the interest rate unchanged. Oil is extending losses
2023.12.07
The Bank of Canada (BoC) on Wednesday kept its key overnight rate unchanged at 5% and left open the possibility of another increase, saying it remains concerned about inflation, recognizing slowing ec...
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Oil quotations remain under pressure. The US labor market is cooling in the US
2023.12.06
Economic news from the US on Tuesday was mixed.
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