Market Overview
Today the main focus of investors is on US inflation data
2023.07.12
Today, the US will release inflation data for June.
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Hedge funds increase positions to sell the dollar. China may resort to additional stimulation of the economy
2023.07.11
The US consumer credit growth slowed to a more than two-year low in May, reflecting the first decline in volume since the pandemic began.
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Inflation continues to fall in China. The US labor market remains strong
2023.07.10
The US labor market added 209,000 jobs in June, while the unemployment rate fell to 3.6% from 3.7%.
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Week's main events Week's main events (July 10 – July 14)
2023.07.10
The focus this week is on BOC and RBNZ Central Bank meetings as well as inflation data in the US, Germany, and China
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The strong US labor market increased fears of further interest rate hikes by the Fed
2023.07.07
Stronger-than-expected employment data from ADP reaffirmed fears of further interest rate hikes by Federal Reserve policymakers.
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The trade war between China and the US is worsening again. FOMC minutes point to further rate hikes
2023.07.06
The US indices closed lower on Wednesday as minutes from the Federal Reserve's June meeting showed appetite for policy tightening and interest rate hikes.
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China's economic recovery is slowing. OPEC+ countries to agree on new oil production quotas today
2023.07.05
According to the OECD, inflation in advanced economies has slowed to its lowest since December 2021.
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The RBA left the interest rate unchanged. Europe and the US are seeing declines in manufacturing activity
2023.07.04
The June US ISM manufacturing index was 46.0, below the consensus forecast of 47.1 and weaker than the May reading of 46.9.
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Lower US inflation boosts hopes for less hawkish Federal Reserve policy
2023.07.04
On Friday, the PCE inflation rate, which is closely monitored by the US Central Bank, showed that price pressures are easing, fueling hopes that the Fed is nearing the end of its rate hike cycle.
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Week's main events Week's main events (July 03 – July 07)
2023.07.04
This week's focus on Nonfarm Payrolls, FOMC, an RBA interest rate decision
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