Market Overview
RBA may raise rates amid price hikes. BoC is likely to postpone rate cuts amid inflationary pressures
2024.06.26
On Tuesday, Fed spokeswoman Bowman's hawkish comments proved bearish for stocks when she said she sees several upside risks to the inflation outlook and "we are still not at a point where it is approp...
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RBA and RBNZ have no plans to cut rates this year. Oil is trading at a 2-month high
2024.06.25
San Francisco Fed President Daly said that if inflation falls more slowly than expected, it would be appropriate for the Fed to keep interest rates high for longer, but if inflation falls quickly or t...
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Commodity markets are under pressure from the US dollar growth. New geopolitical risks in the Middle East are on the agenda
2024.06.24
The S&P US Manufacturing PMI for June unexpectedly rose 0.4 to 51.7, stronger than expectations of a decline to 51.0. In addition, the S&P Services PMI for June unexpectedly rose 0.3 to a two-year hig...
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Week's main events Week's main events (June 24 – June 28)
2024.06.24
The focus is on inflation data in the United States, Canada, and Australia
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DELL and NVDA are jointly building an artificial intelligence factory. SNB cuts rate for the second time in a row
2024.06.21
Chipmakers initially rose Thursday after Dell Technologies (DELL) CEO tweeted that his company is building an artificial intelligence factory with Nvidia (NVDA) to power Elon Musk's xAI's Grok superco...
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PBoC left interest rates unchanged. New Zealand has left the recession territory
2024.06.20
The Canadian dollar traded near 1.37 per US dollar, rebounding from a five-week low of 1.376 recorded on June 7, amid a weaker US dollar and increased foreign exchange inflows.
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The escalation of conflicts in different regions of the world supports oil prices
2024.06.19
According to Fitch Ratings' latest estimate, global economic growth will strengthen this year and slow in 2025.
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The RBA kept interest rates on hold and remained hawkish. Oil rises as global demand outlook improves
2024.06.18
Philadelphia Fed President Patrick Harker said on Monday that he expects only one rate cut if the economy performs as expected, as current rate levels are likely to keep inflation lower and prevent th...
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Oil prices continue to be supported by voluntary cuts by OPEC countries. Hong Kong index fell to a 6-week low
2024.06.17
The University of Michigan's US consumer sentiment index for June unexpectedly fell by 2.5 to a 7-month low of 65.6, weaker than expectations for a rise to 72.0.
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Week's main events Week's main events (June 17 – June 21)
2024.06.17
The focus this week is on central bank meetings of the UK, Switzerland, Norway, Australia and China
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