Market Overview
US economic indicators worsen, but reporting season keeps indices from falling
2023.07.04
US consumer confidence fell in July for the third month in a row, indicating a slowdown in growth early in the third quarter. The index was negative, with values worse than economists' estimates.
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Many important economic events will take place this week and volatility in the markets will be high
2023.07.04
In the US, weekly jobless claims hit a five-month high, while existing home sales declined for the fifth straight month.
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Week's main events Week's main events (July 25 – July 29)
2023.07.04
The most important meeting of the Federal Reserve on monetary policy and interest rates will take place this week.
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The European Central Bank surprised the markets. Political crisis in Italy
2023.07.04
The US stock indices increased yesterday on the technology sector's growth, as better-than-expected Tesla earnings supported the sector.
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The Bank of Japan kept interest rates unchanged. The ECB will raise interest rates today
2023.07.04
Wall Street closed up yesterday thanks to a jump in tech stocks on optimistic earnings. At the close, the Dow Jones Index (US30) increased by 0.15%, and the S&P 500 (US500) added 0.59%.
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Investors turn their attention to the earning season
2023.07.04
US stock indices rose on Tuesday as investors temporarily put aside recession fears and dived into the reporting season.
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The RBA will continue to raise rates. The US reporting season has been disappointing
2023.07.04
On Monday, US stock indices closed in the negative territory. By the close of trading on the stock exchange Dow Jones Index (US30) decreased by 0.69%, S&P 500 Index (US500) lost 0.84%. The NASDAQ Tech...
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The US is facing stagflation. The ECB intends to raise interest rates this summer
2023.07.04
According to former Morgan Stanley Asia chairman Stephen Roche, stagflation in the US is inevitable.
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Week's main events Week's main events (May 23 – May 27)
2023.07.04
Investors will focus this week on FOMC minutes to get more information on the US central bank's reaction to soaring inflation.
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The US reporting season is gaining momentum. Inflation in New Zealand hit an all-time high
2023.07.04
Friday's macro data showed that US retail sales rose more than expected in June. The Federal Reserve Bank of New York's index of general business conditions increased to +11.1 from -1.2.
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