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Equity investors were cautious but based on index-level price action slightly optimistic yesterday. Investors wait for the US inflation data and the start of the earnings season. Industrials,...

Cooling demand to lower inflation

Even though the number of new jobs was confirmed well below expectations it was the wages that caused the stock markets to sell off, signaling equity investors are preparing for more rate hik...

Wage growth spooked equity investors

The recent employment-related data suggested the labour market was still strong. However, this time the analyst consensus got it right: With only 209K new jobs added, the labour market could ...

NFP: Only 209K new jobs!

Even though analysts expect to see the jobs growth slowing down significantly from a month ago, the recent employment-related data suggests otherwise. The analyst consensus has pegged the num...

Analysts expect lower jobs growth

The FOMC meeting minutes revealed yesterday that, several Federal Reserve policymakers hinted at potential rate hikes due to stronger-than-expected economic activity and no evidence of inflat...

FOMC hints at rate hikes

Caixin Services PMI declined but remained above the crucial 50 level. The services sector remains in expansion. Today’s main risk event is the FOMC Meeting Minutes. The Fed Fund Futures trade...

Be ready to trade the FOMC Minutes

The Reserve Bank of Australia left the rates unchanged. The market pricing prior to today's decision indicated a 63% probability of no change, so the decision didn’t come as a surprise. Addit...

No hike from the RBA 

US equity markets had a bullish day on Friday as the May year-over-year PCE (3.85%) came in well below the previous reading of 4.344%. This marks the lowest reading since April 2021. S&P 500 ...

Low PCE rallied the stock markets

The June inflation for Germany rose to 6.4% on a year-on-year basis. This slightly exceeded market predictions of 6.3%. The core inflation rate, which excludes volatile items such as food and...

Rising German core CPI fuels worries

The dollar traded higher and stocks remained mixed after Fed Chair Powell said the monetary policy hasn’t been restrictive that long, and that there is likely “more restriction coming.” Dow c...

Powell: “More restriction coming”

Global equity markets rallied on strong economic data, with gains in the S&P 500, Nasdaq, and Russell 2000. Positive results in durable goods orders, consumer confidence, and new home sales p...

Stocks rally on strong economic data

Today’s main risk event is the CAD inflation data release. The analyst consensus expectation is that the CPI will fall. A significant decline in the annual inflation rate is expected due to t...

CAD inflation: Fall in CPI expected

The return of mercenaries from the Wagner group to their bases signalled the end of the armed mutiny in Russia. What at first seemed like a significant development that could significantly de...

Wagner mutiny ends but questions remain

Yesterday the Bank of England (BOE) took the markets by surprise with a 50 basis points rate adjustment, taking the bank rate to 5.00%. This was prompted by Wednesday’s higher-than-anticipate...

BOE hikes 50 bp

Bitcoin nears the April high in anticipation of BlackRock's potential ETF approval by US regulators, which could significantly increase institutional investment in Bitcoin. Whether or not the...

BlackRock ETF could boost Bitcoin

Nasdaq has been a strong performer lately and continues to show relative strength as indices retrace after a strong performance over the last weeks. Equity markets have been trading lower sin...

Nasdaq shows relative strength

China cut key lending rates for the first time in 10 months on Tuesday. However, the easing measures were not as substantial as anticipated. Worries around the property market and the overall...

China rate cut not substantial enough

The Fed is prepared to tighten the lending conditions further to bring inflation down. This has pushed the expectations of a 25 bp hike in July to 74 and brought in some USD buying. However, ...

July Fed rate hike expectations jump to 74%

Yesterday was a strongly bullish day. The S&P 500 index rallied by 1.2% and Nasdaq rose by 1.1%, while Dow Jones Industrial Average jumped higher by 1.3%. The DJIA close at its highest since ...

The bulls are back Wall St.

Stock markets sold off after the Federal Reserve's decision to maintain steady rates after implementing 10 consecutive rate hikes since March 2022. DJ, S&P 500, DAX and FTSE are correcting lo...