Market Overview
The US economy is likely headed for a soft landing. Oil prices are falling due to OPEC production increase
2024.09.02
WTI crude oil prices fell to $73 a barrel on Monday, extending a decline of more than 3% from the previous session, as the market was impacted by OPEC's plan to increase production next quarter.
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Week's main events Week's main events (September 02 – September 06)
2024.09.02
This week, the main focus will be the US labor market data, the BoC meeting, as well as the Manufacturing PMI
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Wage growth in the Eurozone is slowing. US GDP growth did not help the broad market to close in plus
2024.08.30
The US real gross domestic product (GDP) rose by 3.0% year-over-year in the second quarter of 2024, up from 2.8% in the initial estimate and 1.4% in the first quarter.
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Nvidia's good report did not impress investors. The Bank of Japan intends to keep raising rates
2024.08.29
Deputy Governor Ryozo Himino said the Bank of Japan will raise interest rates as long as inflation moves in line with the bank's prognoses, signaling the Central Bank's unchanged stance despite the tu...
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Australia's inflation is falling at a slower pace than RBA expected. ECB may cut rates at the next two meetings
2024.08.28
The European Central Bank may gradually cut interest rates if inflation continues to fall, but more data is needed to decide on a September cut, Dutch policymaker Klaas Knot said Tuesday.
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Oil prices jumped amid increased geopolitical risk in the Middle East. Investors focus on the Australian inflation data
2024.08.27
WTI crude oil prices rose more than 3% on Monday, surpassing the $77 a barrel mark, marking the third straight session of gains on concerns about supply risk amid escalating tensions in the Middle Eas...
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Powell's dovish comments support indices' growth. Silver rises after gold
2024.08.26
Speaking at the Fed's annual symposium at Jackson Hole on Friday, Fed Chairman Jerome Powell recognized recent progress on inflation and said that "the time has come for policy adjustments."
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Week's main events Week's main events (August 26 – August 30)
2024.08.26
This week, the main focus will be the inflation data in Europe, Australia, and the United States
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The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today
2024.08.23
Bitcoin has held its recent rise to above $60,000, hitting its highest levels in three weeks. However, recent data showed that bitcoin inventories held by miners reached the highest level in two years...
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The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions
2024.08.22
Stocks rose on Wednesday after a significant downward revision to US payrolls data and a dovish FOMC meeting minutes from July 30-31 drove bond yields lower and reinforced the likelihood that the Fed...
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