Market Overview

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

2023.09.11
Investors' attention this week is focused on US inflation data and ECB Interest Rate Decision
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Trade relations between the US and China are escalating again. Natural gas rises as inventories fall

2023.09.08
Stocks were also pressured by news that weekly US jobless claims unexpectedly fell to a 7-month low, indicating the strength of the labor market and could prompt the Fed to raise interest rates for lo...
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The Bank of Canada left rates unchanged. China's trade balance data disappointed investors again

2023.09.07
US economic news on Wednesday provided support for the US dollar after the ISM Services Business Activity Index for August unexpectedly rose by 1.8 to a 6-month high of 54.5, which was stronger than e...
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Australia's economy shows resilience to high-interest rates. OPEC+ production cuts support oil rally

2023.09.06
Economic news from the US on Tuesday provided support for the dollar after factory orders fell by 2.1% m/m in July, the biggest decline in 8 months, but stronger than expectations of a 2.5% m/m declin...
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The RBA kept interest rates unchanged. Swiss GDP unexpectedly slowed down

2023.09.05
Canada's economy unexpectedly contracted in the second quarter, with consumer spending slowing sharply and residential investment falling.
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The US labor market is showing signs of cooling. Oil is growing amid rumors of further production cuts

2023.09.04
The latest US jobs report (NFP) showed that 187k new jobs were created in August, slightly above market expectations of 170k.
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China plans to reduce the amount of foreign exchange. The probability of a rate hike from the US Fed has fallen to a low

2023.09.01
The US PCE index for July, the Fed's preferred inflation index, rose by 0.2% m/m and 3.3% y/y, in line with market expectations
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Eurozone CPI data indicate that inflation is resilient. China's manufacturing data is again disappointing

2023.08.31
US economic news on Wednesday was mostly dovish for Fed policy and bearish for the dollar.
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Stock indices were supported amid weak US economic data. Australia is experiencing a drop in inflation

2023.08.30
The stock indices rose after weaker-than-expected economic news from the US on Tuesday regarding JOLTS job openings for July and consumer confidence for August, pushing bond yields lower and raising t...
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