Market Overview
Moderate growth of inflation allowed the stock market to resume its rally
2023.07.04
Weaker-than-expected inflation data eased concerns concerning the need to scale back the Fed's stimulus program.
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The stock market is recovering after updated forecasts by the OECD. The dollar is correcting
2023.07.04
After a four-day rise of the dollar, the foreign exchange market began to show a correction tendency. Against the backdrop of falling oil prices, the government bonds yield declined.
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The growth of the dollar is gaining momentum after the data on the labor market
2023.07.04
Friday's labor market report showed an increase in the nonfarm payrolls by 379,000 people, where there were 465,000 people more in the private sector, while the number of civil servants fell by 86K.
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Economists have changed expectations on rising Fed rates. The dollar has gained new growth drivers
2023.07.04
The stock market continued to decline on Thursday, and the dollar rose amid comments by Fed Chairman Jerome Powell on the recent rapid increase of treasury bonds yield.
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The US stock market includes interest rate hike scenario in pricing
2023.07.04
On Thursday, US stock indices fell sharply by the end of the day due to the drop in consumer stocks and new weakness in the technology sector.
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The stock market continues to rise, as positive data from IHS Markit for the US is being released. The dollar index is growing
2023.07.04
The end of last week was alarming for Europe and positive for the United States. Following Germany, where the PMI indices came out weak, the UK reported.
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The service sector in the US has slowed down. Tensions between the EU and the UK concerning the Brexit deal have escalated
2023.07.04
Wednesday was filled with different news backgrounds, both economic and political. ISM Service sector growth was the slowest over nine months.
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The manufacturing sector in Europe has slowed down. There is the possibility of extending the lockdown until summer in the UK
2023.07.04
Preliminary data in the PMI report from IHS Markit showed a slowdown in the German manufacturing sector to 57 in January, the lowest in 4 months.
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The U.S. stock market declined on Tuesday due the announcement of a possible interest rate change
2023.07.04
On Tuesday, Janet Yellen, the newly elected Treasury Secretary and former Fed chief, unexpectedly announced about the possible interest rate hike in order to avoid the overheating of the economy.
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Dollar index has hit a three-month high. Fed may tighten the monetary policy
2023.07.04
The consumer price index data slightly shocked financial markets. Annual consumer inflation accelerated to 5.4% from 5% (the forecast was 4.9%), and the core CPI increased to 4.5% from 3.8% (with the...
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