Market Overview
Natural gas prices bounced off the lows. Malaysia's GDP is well ahead of estimates
2024.07.19
The US natural gas prices (XNGUSD) rose more than 3.5% to above $2.1 per mmbbl, rebounding from a 10-week low after the EIA reported a smaller-than-expected injection into storage.
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Technology companies fall on fears of new sanctions on China
2024.07.18
Bloomberg reported Wednesday that the Biden administration has told allies it is considering the toughest trade restrictions against chipmakers if they continue to give China access to advanced semico...
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US indices hit all-time highs. Inflation in New Zealand is slowing down
2024.07.17
Bank of America (BAC) closed higher by more than 5% after reporting a second-quarter net interest income of $13.86 billion, better than the consensus of $13.81 billion, and estimating fourth-quarter n...
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The Australian dollar remains in positive territory against other currencies. The Bank of Canada survey disappointed investors
2024.07.16
The Bank of Canada's Business Outlook Survey emphasized continued pessimism among Canadian companies, attributing it to weak sales expectations and high equipment costs holding back investment.
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There was an assassination attempt on Donald Trump. Economic data from China was below forecasts
2024.07.15
Bank earnings results on Friday were mostly bearish for stocks, with Wells Fargo (WFC) closing down more than 6% after reporting second-quarter net interest income below consensus.
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Week's main events Week's main events (July 15 – July 19)
2024.07.15
The focus this week is on the inflation data in the EU, UK, Canada, Japan, and New Zealand
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US Fed to start cutting rates in September. The Canadian dollar reached a 2-month high
2024.07.12
The Canadian dollar strengthened to 1.36 per US dollar in July, hitting an eight-week high.
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The US stock indices are once again hitting highs. Oil rises amid falling inventories
2024.07.11
Today, the US will release its inflation report for June. Economists expect consumer inflation to rise 0.1% month-over-month and fall slightly to 3.1% from 3.3% year-over-year.
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The RBNZ kept the interest rate at 5.5%. In China, inflationary pressures are easing.
2024.07.10
The RBNZ kept the interest rate at 5.5%. In China, inflationary pressures are easing.
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Oil declines amid prospects of an agreement between Israel and Hamas. Powell will address the US Congress today
2024.07.09
Markets are awaiting Fed Chairman Powell's semi-annual monetary policy report before the Senate Banking Committee on Tuesday and before the House Financial Services Committee on Wednesday.
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