Market Overview
Oil is hitting new highs again. The ECB has reached its peak interest rate
2023.09.15
Weekly US Initial Jobless Claims rose by 3,000 to 220,000 from expectations of 5,000, indicating a stronger than expected labor market.
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US inflation data came out mixed. The labor market in Australia remains resilient
2023.09.14
Moderna (MRNA) rose more than 6% yesterday, leading gains in the S&P 500 and Nasdaq 100 stocks after it reported that a modified version of its flu shot met key targets in a late-stage trial, paving t...
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Oil prices rose to a 10-month-high. The presentation of the new iPhone 15 lineup did not impress investors
2023.09.13
On the positive side, energy stocks rallied after the price of WTI crude oil rose to a near 10-month high.
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Norway sees a drop in inflation. Natural gas rises amid workers' strikes in Australia
2023.09.12
On Sunday, US Treasury Secretary Yellen made bullish comments for equities, saying she "feels very good" about the premise of a soft landing as "all inflation indicators are going down," and she is in...
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Analysts forecast a significant euro rise by the year's end. Inflation in China returned to positive dynamics
2023.09.11
Friday's US economic news was negative for equities after consumer credit rose by $10.399 billion in July, weaker than expectations of $16.000 billion.
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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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