Financial News
- Bob Mason
The week ahead is a busy one, with central banks, prelim private sector PMIs, and inflation numbers to draw investor interest. It will be a choppy week.
- Bob Mason
It was a busy week for the crypto market, with SEC and US lawmakers grabbing the headlines as the markets consider the post-ruling outlook.
- Thomas Gillet
A curtailed currency devaluation and slow privatisations cloud the outlook for stabilising Egypt’s external finances. Meeting IMF conditions is critical for shoring up reserves and investor confidence.
- Bob Mason
UK retail sales figures for June showed the resilience of UK consumers, with spending on the rise despite elevated inflation and interest rate levels.
- Bob Mason
Japan inflation moved in the wrong direction for the Bank of Japan this morning. After revised numbers from the government, the BoJ is in the spotlight.
- Vladimir Zernov
The National Association of Realtors believes that pent-up demand will be realized soon.
- James Hyerczyk
Latest data reveals a slight improvement in the labor market as initial claims decrease, offering relief amid economic challenges.
- Dr. Giacomo BarisoneSovereign Mid-year 2023 Outlook: Negative Rating Outlook Framed by Slowdown, High Debt, Rising Rates
Scope Ratings has revised up its 2023 global growth forecast modestly to 2.9% but has cut its 2024 forecast to 3%. More downside rating actions than upside are expected in the second half of this year.
- Bob Mason
German producer prices fell by less than expected in June. However, the decline continued to reflect a weak demand environment for German producers.
- Vladimir Zernov
Oil markets moved lower as traders focused on the lower-than-expected inventory draw.
- James Hyerczyk
Mixed signals in June housing market: decline in permits, modest increase in single-family authorizations, notable decline in housing starts.
- Bob Mason
UK inflation eased to 7.9% in June, with a sharper decline in motor fuel prices being the largest contributor. The numbers should provide some BoE relief.
- Vladimir Zernov
The housing market continues to rebound despite Fed’s rate hikes.
- James Hyerczyk
U.S. retail sales in June 2023 saw a modest 0.2% increase, falling short of the estimated 0.5% growth.
- Bob Mason
Today, the RBA meeting minutes from July 4 revealed a hesitant Board wanting to assess the effects of previous policy moves. Inflation is softening.
- James Hyerczyk
Mixed results as New York manufacturing held steady in July, with moderating prices and small employment gains.
- Bob Mason
The Chinese economy grew by more than expected in Q2, with a pickup in industrial production supporting better than expected growth figures.
- Bob Mason
It is a quieter week ahead for the global financial markets. However, economic indicators from China, the UK, and the US will move the dial.
- Vladimir Zernov
The continued slowdown in inflation and stability in labor markets boosted consumer sentiment.
- Bob Mason
German wholesale prices fell by the largest amount since June 2020. However, wholesale prices saw a less severe decline in the month. Next up, trade.