Market Overview
Powell's dovish comments support indices' growth. Silver rises after gold
2024.08.26
Speaking at the Fed's annual symposium at Jackson Hole on Friday, Fed Chairman Jerome Powell recognized recent progress on inflation and said that "the time has come for policy adjustments."
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Week's main events Week's main events (August 26 – August 30)
2024.08.26
This week, the main focus will be the inflation data in Europe, Australia, and the United States
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The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today
2024.08.23
Bitcoin has held its recent rise to above $60,000, hitting its highest levels in three weeks. However, recent data showed that bitcoin inventories held by miners reached the highest level in two years...
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The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions
2024.08.22
Stocks rose on Wednesday after a significant downward revision to US payrolls data and a dovish FOMC meeting minutes from July 30-31 drove bond yields lower and reinforced the likelihood that the Fed...
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Inflationary pressures are easing in Canada. Riksbank cut interest rate by 0.25%
2024.08.21
Sweden's Riksbank cut its key rate by 25 bps to 3.5% at its August 2024 meeting, in line with market consensus, and signaled that two or three more rate cuts would be needed this year if inflation evo...
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PBoC expectedly left rates unchanged. Bitcoin returned to the $60,000 mark
2024.08.20
Bitcoin rose above the $60,000 mark on Tuesday, hitting a one-week-high amid improving risk sentiment and a steady increase in global liquidity.
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Oil prices are declining due to weakening demand from China. US and European stock indices continue to rise in price
2024.08.19
WTI crude futures fell 1.9% to settle at $76.65 per barrel on Friday following reports that Qatar urged Iran to ease tensions with Israel during ceasefire talks in the Gaza Strip.
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Week's main events Week's main events (August 19 – August 23)
2024.08.19
This week focuses on the Jackson Hole Symposium, CPI reports, and PMI data
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The German DAX Index has risen for 8 consecutive sessions. Malaysia's GDP shows strong growth
2024.08.16
Germany's DAX (DE40) Index has risen for 8 consecutive sessions, and it has nearly reversed losses from the global equity sell-off that ended last week.
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Indices rise amid lower inflation in the US. Oil returned to decline due to reduced tension in the Middle East
2024.08.15
WTI crude oil prices fell by 1.7%, marking a second straight day of losses following President Biden's comments that Iran may not attack Israel if a ceasefire in Gaza is reached.
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