Market Overview
RBNZ unexpectedly decreased the rate by 0.25%. Today the focus of investors is directed to the data on the inflation of the US and the UK
2024.08.14
On Tuesday, Atlanta Fed President Bostic made dovish comments that supported stocks, stating that he would likely be willing to support a Fed rate cut.
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WTI crude oil prices rise for the 5th day in a row. Australian dollar rises amid strong economic data
2024.08.13
WTI crude futures rose by 4.2% to close at $80.06 a barrel on Monday, rising for a fifth straight day amid an escalating conflict in the Middle East that threatens to cut global oil supplies.
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European gas prices jump to an 8-month high. Canada's labor market is cooling down
2024.08.12
Norway's annualized consumer inflation rate rose to 2.8% in July 2024 from a three-and-a-half-year low of 2.6% in June, which is in line with market expectations.
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Week's main events Week's main events (August 12 – August 16)
2024.08.12
Investors' attention this week is focused on the RBNZ meeting, as well as the inflation data in the US and UK
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The Bank of Mexico unexpectedly cut its interest rate. China's consumer inflation is on the rise
2024.08.09
The Bank of Mexico cut its benchmark interest rate by 0.25% to 10.75% in August 2024, defying market expectations amid ongoing economic concerns.
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RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices
2024.08.08
The Canadian dollar strengthened to 1.37 per US dollar, recovering from an eight-month low of 1.388 hit on August 1, thanks to an improving outlook for foreign exchange inflows and reduced fears of a...
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Panic selling of indices is over. New Zealand's rising unemployment brings the RBNZ easing cycle closer
2024.08.07
New Zealand's unemployment rate rose to 4.6% in the three months to June 2024, following an upwardly revised 4.4% in the previous quarter
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Forced closures of carry-trade positions led to a crash in indices on Monday. The RBA maintained its policy settings
2024.08.06
The Reserve Bank of Australia (RBA) left interest rates unchanged for the sixth consecutive meeting but reiterated that it did not rule out further rate hikes to control inflation.
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The US dollar fell to a 12-year low. Bitcoin lost 10% of its value during the day
2024.08.05
Bitcoin fell 10% to below 53,000 on Monday, hitting a more than five-month low, as rising fears of a US recession prompted investors to shed risky assets, including digital currencies, stocks, commodi...
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Week's main events Week's main events (August 05 – August 09)
2024.08.05
RBA rate decision will be central topics for investors this week
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