Market Overview

China's economy is slowing. Global supply chain problems may worsen as Shanghai closes

2023.07.04
Last week, investors focused mainly on the US Consumer Price Index. Сonsumer inflation in the US rose to 8.5 % year on year, the highest level since 1981.
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Russia is once again threatening European countries with nuclear weapons. Energy shortages are leading to rising oil prices

2023.07.04
Rising Treasury bond yields, which tend to boost banks' lending margins, are forcing investors to bet that the Federal Reserve will aggressively use monetary tightening to curb inflationary pressures.
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The corporate earnings season in the US started negatively. The ECB is on the verge of tightening monetary policy

2023.07.04
The growth of yields on US government bonds stopped, which led to a decrease in the dollar index and, as a result, to the growth of major indices.
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Rising global inflation forces central banks to revise the monetary policy in a tighter direction

2023.07.04
The US consumer price index rose to 8.5% y/y, beating economists' forecasts of 8.4%, but investors' attention was focused on the core CPI, which excludes food and energy prices.
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Inflation in Germany breaks the record. OPEC+ countries will not pump more oil

2023.07.04
The US Treasury bond yields jumped to a three-year high ahead of US inflation data. The Fed’s plan to curb inflation is subjected to additional analysis today.
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Elections in France – Macron and Le Pen are in the second round. New data on inflation in China

2023.07.04
Last week, investors were mostly focused on the FOMC meeting minutes, which showed that the Fed will raise rates more aggressively amid a strong labor market and high inflation.
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The UN Human Rights Council suspended Russia's membership. The oil embargo is getting closer

2023.07.04
Initial jobless claims in the US fell to 166,000 last week, repeating March's low, which was the lowest since 1968.
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The US Federal Reserve is preparing to reduce its balance sheet

2023.07.04
On Wednesday, US stock markets opened lower again, intensifying the decline. Another FOMC official, Harker, said yesterday that he expects the Fed's balance sheet to reduce soon.
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More and more Fed officials are tending to tighten monetary policy aggressively. New sanctions against Russia

2023.07.04
Financial markets are now susceptible to verbal interventions by the US Federal Reserve officials.
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Week's main events Week's main events (March 21 – March 25)

2023.07.04
Last week, investors' attention was focused on the US, UK, and Japanese central bank meetings and inflation rates in Europe and Canada.
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