IMF and the world bank meeting with some other financial institutes from around the globe started today, October 10, and will continue for the next six days. On the first day, a comment from World Bank’s Malpass, and IMF’s Georgieva increased the market risk level to put more pressure on the stock markets, as they […]
Employment reports this week started on Wednesday and with ADP report, which was better than expected, and confirmed that the labor market is healthy. ADP Nonfarm Employment Change in September at 208K, was much better than 200K estimates and 185K in August. Expectations are different with weekly reports On Thursday, the September report showed that […]
According to the Institute of Supply Management (ISM) report, Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI) in September, declined modestly to 56.7 from 56.9 in August, but it is still way better than 56.0 expectations, and still consistent with expansion in the sector. The ISM Services Index declined modestly in […]
Wednesday and in continuing the efforts of the past few weeks, the UK prime minister tried to explain her strategy and policies in a clear speech to the Conservative Party’s annual conference. according to many economists, her earlier published plan was questioning the independence of the central bank; therefore she backed off from some of […]
October started with the hope of further growth, but investors are still very cautious. The Latest BoJ meeting minutes show that policymakers in the Japanese central bank are not intended to change the monetary policy, even though they are worried about Japan’s rising inflation and the weakening yen. After weakness in the first half of […]
As was widely expected, the Federal Reserve Open Market Committee raised the benchmark interest rate by 75 basis points, for the third consecutive meeting, to a range of 3.00%-3.25%, which is the highest level since 2008, to emphasize its determination to fight high inflation. Moreover, the interesting point is that all 12 members voted for […]
Economic data ahead of the next FOMC meeting show that price pressure is still not showing an acceptable slowdown to convince the Fed to slow down its tighter policies. On the labor market data, not only do we not see the slowdown, but it is also even growing, as every week, we see fewer apply […]
The most critical data of the week has been published. US inflation data had another surprise upside to reincrease the USD demand and encourage bears among riskier asset charts. The return of fear and worries in the financial markets According to the US Bureau of Labor Statistics data, US Consumer Price Index increased 0.1% in […]
Even historically, August was the worse month for Euro, especially over the last fifteen years; this year, with the Ukraine war effects and weaker economic data from across Europe, the Euro sank to its lowest levels since the early 2000s when it was introduced as a multinational tender. The latest comment from Ursula von der […]
Yesterday and Wednesday, we had PMI data from most developed economies. However, the US and Chinese data caused almost a free fall in Gas and Oil prices. Starting from Monday, we saw all published August Purchasing Manager Index numbers less than July and mostly less than expectations. While most investors focused on German and Eurozone […]
