Market Overview
The Bank of England raised the interest rate by 0.25%. Volatility in the markets decreased ahead of the important labor market report NFP
2023.08.04
The monthly Nonfarm Payrolls labor market report will be released in the United States today.
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Fitch Ratings downgraded the US credit rating to AA+. A resilient US labor market fuels the dollar
2023.08.03
The US stock indices fell sharply yesterday on the back of strong labor market data and as Fitch Ratings downgraded the US credit rating.
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There are signs of a slowing labor market in New Zealand. The Bank of Japan will continue to maintain the stimulus policy
2023.08.02
The US stock indices were traded yesterday without any unified dynamics.
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The RBA left the interest rate unchanged again. Rising oil prices boost energy sector growth
2023.08.01
Energy stocks are rising on the back of Chevron's upgrade.
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Falling inflation figures in the US increase the likelihood of a pause at the September Fed meeting
2023.07.31
The 0.5% decline from the May reading only reinforced hopes that the Fed has likely ended the current rate hike cycle.
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Week's main events Week's main events (July 31 – August 04)
2023.07.31
Nonfarm payrolls report, Bank of England decision, and PMI data are the focus of the investors this week
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The Bank of Japan is taking the first small step towards normalizing monetary policy. ECB is not sure about further rate hikes
2023.07.28
The latest US GDP data showed that the economy grew by 2.4% for the second quarter after growing 2.0% in the first quarter.
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The Fed raises rates by 25 bps, keeping the bias toward further action. The ECB intends to raise rates until the fall
2023.07.27
The US Central Bank raised rates by 25 bps to 5.50%, the highest in 22 years.
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Technology giants continue to bet on artificial intelligence. The IMF provided new economic forecasts
2023.07.26
The US consumer confidence rose to a two-year high in July on the back of a continued robust labor market and lower inflation, improving the economy's near-term outlook.
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The ECB will face tough choices at its next meeting. The People's Bank of China conducted currency intervention to support the yuan
2023.07.25
The Federal Reserve begins its two-day meeting on Tuesday.
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