The US central bank will be able to overcome inflation without any changes in monetary policy
Oil prices are down slightly as investors have concerns that a possible resumption of supplies from Iran will oversaturate the market, despite expectations of increased demand for fuel in the US, which an inventory report will be released today.
Thanks to the declining US Treasury yields and stable monetary policy from the Fed, gold prices continue to move up rapidly. On Tuesday, the price of gold added another 1% to its highest level since early January this year.
As the dollar index is falling, Asian markets are rising too. The broadest index of Asia-Pacific shares outside of Japan, the MSCI, rose by 0.28% to a two-week price high, while Japan’s Nikkei added 0.27%. The Central Bank of New Zealand has reported on monetary policy and said it intends to raise interest rates by September next year. Along with Canada and Norway, this is the 3rd country that is ready to tighten monetary policy.
S&P 500 (F) 4,188.13 -8.92 (-0.21%)
Dow Jones 34,312.46 -81.52 (-0.24%)
DAX 15,465.59 +27.58 (+0.18%)
FTSE 100 7,029.79 -21.80 (-0.31%)
USD Index 89.69 -0.15 (-0.17%)
News feed for: 2023.07.04
- New Zealand RBNZ Monetary Policy Statement (q/q) at 05:00 (GMT+3);
- New Zealand RBNZ Press Conference at 06:00 (GMT+3);
- US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
