Other than Nikkei-225, Asian stock markets fell on Friday as Thursday’s US economic data increased the market uncertainty. Simultaneously, the Nikkei-225 rallied in Japan; the next BoJ governor vowed to maintain the ultra-dovish policies. Kazuo Ueda said he broadly supports holding interest rates at ultra-low levels in the near term. However, today’s published data shows […]
We will have a busy Tuesday with PMI numbers from Europe and the US and Canadian inflation data. We are optimistic about most of these data results as lower energy prices in the past months can be a good driver for the global economy. Expected data can have a short-lived positive effect. Yesterday US market, […]
While we are getting ready to close the week with some gains in the stock markets and a loss in the USD rate, economic data from the US can lower the recession concerns. The US labor market continues its positive attitude. In the week that ended Friday, January 20, we had only 186K apply for […]
Today we had a jam-packed calendar. German factory orders fell by -5.3% in November, but retail sales rose by 1.1%. Eurozone, consumer price inflation, eased 0.3% in December to lower the annual CPI to 9.2, down from 10.1% seen in November, but excluding Energy and Food prices, Core CPI in December rose to 5.2%, up […]
Tuesday started with a focus on three central banks in Asia. In Australia, Reserve Bank released its meeting minutes, the Bank of Japan surprised investors, and PBoC was predicted. Minutes of the Australian Reserve bank December meeting show that there is no consensus for further decisions. However, most RBA members still support the pause in […]
Chinese protesters over the weekend took to the streets against the strict anti-COVID policy. In response, Oil prices fell sharply, and the US dollar rose as fears of a Chinese economic slowdown drummed up safe-haven demand. Chinese protests leading the markets Protest rallies are so rare in China, however, this time it was widespread, and […]
A report about a record spike in new COVID-19 cases in several Chinese cities at the beginning of the week was the most worrying news! New lockdowns in several financial hubs including the capital Beijing and economic center Shanghai after last week’s weak economic data can increase the level of risks in financial markets. With […]
US dollars fall on Monday following disappointing data, because this slowness in economic growth and increased fears of global recession will force the Federal Reserve and other major central banks to stop raising interest rates. ISM reports made the risks of economic collapse more serious The hopes of less hawkish policies, cause ad return in […]
Stock markets across the globe fall to two-year lows on Wednesday, as borrowing costs rapidly increased due to fears of a global recession. USVIX touched above 32.30 earlier today, and these increasing risks sent the US ten years bond yields above 4% for the first time since 2010. Also, with speculation that the Fed might […]
While, like every Thursday, we had initial Jobless claims, which fell to a new low at 222K to confirm the strength of the US economy and labor market, FED chair Powell vowed to increase the tightening level of policies in FED to cool down red-hot inflation. It can be another signal for a 75-basis points […]
