Market Overview
The strong US labor market increased fears of further interest rate hikes by the Fed
2023.07.07
Stronger-than-expected employment data from ADP reaffirmed fears of further interest rate hikes by Federal Reserve policymakers.
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The trade war between China and the US is worsening again. FOMC minutes point to further rate hikes
2023.07.06
The US indices closed lower on Wednesday as minutes from the Federal Reserve's June meeting showed appetite for policy tightening and interest rate hikes.
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China's economic recovery is slowing. OPEC+ countries to agree on new oil production quotas today
2023.07.05
According to the OECD, inflation in advanced economies has slowed to its lowest since December 2021.
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The RBA left the interest rate unchanged. Europe and the US are seeing declines in manufacturing activity
2023.07.04
The June US ISM manufacturing index was 46.0, below the consensus forecast of 47.1 and weaker than the May reading of 46.9.
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Lower US inflation boosts hopes for less hawkish Federal Reserve policy
2023.07.04
On Friday, the PCE inflation rate, which is closely monitored by the US Central Bank, showed that price pressures are easing, fueling hopes that the Fed is nearing the end of its rate hike cycle.
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Week's main events (July 03 – July 07)
2023.07.04
This week's focus on Nonfarm Payrolls, FOMC, an RBA interest rate decision
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China's business activity continues to decline. Inflationary pressures are rising in Europe
2023.07.04
The US indices mostly rose yesterday. The Federal Reserve stress test showed that the 23 largest US banks could withstand a severe recession scenario.
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All major central banks except the Bank of Japan remain on track to tighten monetary policy
2023.07.04
The US trade deficit narrowed by 6.1% to $91.1 billion from $97.1 billion in April.
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Inflation data in the Eurozone is in the spotlight today. Geopolitical tensions in the world are rising again
2023.07.04
The minutes of the Federal Reserve's February meeting contained no new hawkish statements but added to expectations that further interest rate hikes are necessary to control inflation.
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Economic optimism is boosting stocks. Australia and Canada are seeing a slowdown in inflation
2023.07.04
The US stock indices rose yesterday, helped by positive economic data.
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