Market Overview
Oil prices rise amid the negative impact of hurricanes. The New Zealand dollar remains under pressure
2024.09.17
WTI crude oil prices rose to around $70.6 a barrel on Tuesday, marking the second consecutive session of gains on supply concerns.
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The US Federal Reserve may start the rate-cutting cycle with a 0.5% move. Silver reached a 2-month high
2024.09.16
The US University of Michigan Consumer Sentiment Index for September rose more than expected to a 4-month high, supporting the outlook for a soft landing for the economy, a favorable factor for indice...
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Week's main events Week's main events (September 16 – September 20)
2024.09.16
A week of central bank meetings and inflation data ahead
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Weakening US inflation fuels indices and precious metals. ECB cut interest rates as expected
2024.09.13
The ECB lowered its 2024 Eurozone GDP prognosis to 0.8% from the previous estimate of 0.9% and raised its 2024 core inflation expectation to 2.9% from 2.8%.
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The ECB will lower interest rates today. The Bank of Japan may raise rates to 1% within a year
2024.09.12
WTI crude oil prices rose by 2.4% to $67.3 on Wednesday, regaining some ground after hitting a near three-year low in the previous session. However, oil prices remained near their lowest level since M...
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Oil prices have fallen to November 2021 lows. OPEC+ lowered demand estimates
2024.09.11
WTI crude prices fell more than 4% to $65.7 a barrel on Tuesday, hitting their lowest level since November 2021, after OPEC cut demand prognoses for the second time in two months.
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Natural gas prices fell by 4%. Oil also remains under pressure from weak demand
2024.09.10
US natural gas (XNG/USD) prices fell more than 3% to below $2.35 per MMBtu due to a looming hurricane expected to hit Louisiana this week.
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The Bank of Canada is likely to continue cutting rates amid a weak labor market. OPEC+ postponed the planned production increase
2024.09.09
Canada's unemployment rate climbed to 6.6%, the highest since October 2021, reflecting the Bank of Canada's fears of a cooling labor market, as evidenced by its recent 25 bps rate cut.
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Week's main events Week's main events (September 09 – September 13)
2024.09.09
Investors' attention this week is focused on US inflation data and ECB Interest Rate Decision
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Japan's leading indicators point to economic growth. Typhoon disrupted the work of the Hong Kong stock exchange
2024.09.06
Japan's Leading Economic Index indicators, which are used to gauge the economic outlook several months ahead on data such as job offers and consumer sentiment, rose to 109.5 in July 2024 from a margin...
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