Market Overview
Stock indices remain under pressure from high rates
2023.07.04
Stock indices remain under pressure from high rates. The US Federal Reserve is 90% likely to raise interest rates by 0.25% at its May meeting.
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The ECB and the US Federal Reserve are planning to raise rates this week
2023.07.04
The Personal Consumption Price (PCE) Index, excluding food and energy, the Fed's preferred measure of core inflation, was up 0.3% in March from the previous month.
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Gold returned to growth amid rising recession fears. Tech companies reports beat forecasts
2023.07.04
Stronger-than-expected reports from tech companies Microsoft (MSFT) and Google Alphabet (GOOGL) helped improve investor sentiment in the tech sector.
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The RBA unexpectedly raised the rate by another 0.25%. First Republic Bank was sold to JPMorgan Chase
2023.07.04
The US manufacturing activity declined for the sixth straight month in April, the longest period since 2009 and a sign of trouble in the manufacturing sector.
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Gold is down on rumors that the Fed may raise rates again in June. The ECB intends to keep raising rates
2023.07.04
Investor fears that the economy is headed for a recession in the second half of the year bolstered bets that interest rates will soon decline.
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The US Federal Reserve raised rates by 0.25% and indicates a likely pause in June. ECB intends to stay on the path of rate hike
2023.07.04
Yesterday the Federal Open Market Committee, FOMC, raised the benchmark rate by 0.25% from 5% to 5.25%.
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Inflationary pressure in the US continues to decline. Chinese inflation data disappointed investors
2023.07.04
The US Consumer Price Index rose by 0.4% last month, but a deeper look at the data showed a slowdown in core services inflation.
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Oil prices began to recover amid rising demand ahead of summer. China's trade balance data is disappointing
2023.07.04
Goldman Sachs joins Barclays in predicting that the Federal Reserve will cut interest rates significantly this year.
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The US stock indices remain under pressure. The Bank of England and the ECB intend to raise interest rates further
2023.07.04
Alphabet (GOOGL) rose for the second straight day as the tech giant's announcement that it will incorporate artificial intelligence into products, including its search engine, drew positive reactions...
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Political disputes over raising the US debt ceiling could trigger a recession
2023.07.04
Friday's data, which showed a sharper-than-expected drop in consumer sentiment in the United States, heightened fears that the political debate over raising the debt ceiling could trigger a recession.
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