Financial News

Unemployment claims drop, suggesting a stronger labor market, but manufacturing and price challenges persist.

Market expectations for a BoE rate cut are now set for September or November, despite a Reuters poll indicating a potential cut on August 1.

German producer prices stalled in May, highlighting mixed demand signals and influencing ECB rate cut expectations before Services PMIs on Friday.

A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.

UK inflation dips to 2.0% in May, signaling potential for an August Bank of England rate cut.

Due to weaker-than-expected retail sales data and downward revisions, the short-term outlook for the retail sector appears bearish.

The modest decline in business activity and ongoing labor market weaknesses point to continued challenges in the near term.

In another important week for markets, UK inflation numbers could stoke bets on a BoE rate cut, with stats from the US could impact bets on a Fed rate cut.

The global crypto market capitalization grew by $22 billion (+0.83%) on June 15, while Ethereum ETFs, MicroStrategy and Paradigm investment grabbed major bullish news headlines. 

The crypto market had a tumultuous week, with Fed jitters, SEC vs. Ripple court filings, and US BTC-spot ETF market outflows testing buyer demand.

Long-run inflation expectations increased from 3.0% in May to 3.1% in June.

The Bank of Japan left interest rates unchanged, impacting buyer demand for the USD/JPY. Investors eye BoJ rhetoric, with US data also in focus.

The report was close to the analyst consensus of +75 Bcf.

The decline in the PPI, especially driven by lower energy costs, suggests potential easing of inflationary pressures.

German wholesale prices edge up, hinting at economic stabilization. Eurozone industrial production numbers will be in focus next.

The federal funds rate projection for 2024 was increased from 4.6% to 5.1%.

Gasoline inventories increased by 2.6 million barrels from the previous week.

While May’s flat CPI report offers some hope, the year-over-year picture remains concerning.

With a tame May CPI, the Fed may ease monetary policy, potentially boosting stocks, while monitoring core inflation trends closely.

The UK economy hits a Snag: April growth stalls as manufacturing falters and services sector output slows. Up next, the US CPI Report and the Fed decision.