Market Overview
Week's main events Week's main events (October 14 - October 18)
2024.10.14
ECB meeting and inflation reports in focus this week.
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Hurricane Milton is putting downward pressure on natural gas and upward pressure on oil
2024.10.11
WTI crude prices rose by 3.5% to $75.8 a barrel on Thursday amid rising demand for fuel in the US after Hurricane Milton hit Florida, concerns about supply disruptions from the Middle East, and expect...
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Investors expect inflationary pressures to ease in the US. The People's Bank of China launched a mechanism to support the stock market
2024.10.10
Today, the People's Bank of China (PBOC) launched a RMB500 billion swap facility, allowing eligible financial institutions to use assets as collateral to provide liquidity.
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RBNZ cut the rate by 0.5%. RBI kept the rate at 6.5% for the tenth consecutive meeting
2024.10.09
Oil prices fell by 4% yesterday. Expected supply disruptions caused by geopolitical risks in the Middle East have yet to materialize, and investors have shifted their attention back to Chinese demand.
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RBA plans to hold rates until the end of the year. The US stock market is under pressure from rising bond yields.
2024.10.08
10-year T-note yields rose to a 2-month high amid bearish sentiment from last Friday when a stronger-than-expected US September payrolls report eliminated market odds of a 50bp Fed rate cut at next mo...
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Week's main events Week's main events (October 07 – October 11)
2024.10.07
This week, geopolitical risks will be in focus due to the escalating situation between Iran and Israel.
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Oil rises amid escalating conflict in the Middle East. Inflationary pressures are easing in Vietnam
2024.10.07
Vietnam's annual inflation rate fell to 2.63% y/y in September 2024 from 3.45% y/y in August, the lowest since July 2023 after a super typhoon hit the country earlier this month.
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Economists expect a strong US labor market report. Oil rises amid possible Israeli attack on Iranian oil facilities
2024.10.04
WTI crude oil prices rose 5% to $73.7 per barrel on Thursday, extending the week's gains to a one-month high after US President Biden refrained from directly condemning the likelihood that Israel coul...
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OPEC+ maintains production quotas. Mexican peso strengthens as new president takes office
2024.10.03
Oil prices declined slightly and consolidated around $70-71 per barrel as rising US crude oil inventories indicated the market would be well supplied despite escalating tensions in the Middle East.
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Oil prices rise amid Iran's attack on Israel. Bank of Japan has a conflict of interest with the new government
2024.10.02
Japan's newly appointed economy minister said that the Central Bank should be cautious about raising rates again as it takes time to fully recover from deflation.
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