Financial News
- Bob Mason
German factory orders increased by more than expected in August. However, orders were down year-over-year, leaving question markets about the German economy.
- Vladimir Zernov
Recent reports indicate that negotiations between Chevron and Australian unions have stalled, raising the risks of strike action at Australian LNG facilities.
- James Hyerczyk
Despite a 37% dip in September job cuts, a 58% year-over-year increase signals underlying labor market issues.
- Bob Mason
German exports fall by more-than-expected in August to deliver another gloomy image of the German economy.
- Vladimir Zernov
The majority of the survey respondents remain positive about business conditions.
- James Hyerczyk
ADP’s report shows just 89,000 new private-sector jobs, far below the expected 160,000, signaling the Fed may reconsider its monetary policy.
- Vladimir Zernov
SP500 tested session lows as traders bet on a more hawkish Fed.
- Bob Mason
While leaving the cash rate unchanged today, the RBA Rate Statement highlighted the delicate balance between taming inflation and supporting growth.
- Vladimir Zernov
U.S. Dollar Index tests new highs as traders bet on a more hawkish Fed.
- Bob Mason
his week poses high sensitivity for major currencies like the Dollar, Euro, and Pound as investors watch crucial economic indicators and statements from central bank officials closely.
- Bob Mason
In a high-tension week, SEC Chair Gary Gensler faced harsh questioning on Capitol Hill while Coinbase CEO Brian Armstrong rallied for crypto-friendly legislation amidst ongoing legal battles.
- Vladimir Zernov
According to the report, year-ahead inflation expectations decreased from 3.5% last month to 3.2% this month.
- James Hyerczyk
In September, Eurozone’s inflation dipped to 4.3% from 5.2%, with Eurostat data highlighting eased pressures and major sectors marking the decline.
- Bob Mason
The UK GDP Report revealed favorable revisions to Q1 numbers. Production and consumer-facing services contributed to growth in Q2.
- Vladimir Zernov
Treasury yields test new highs as traders prepare for a more hawkish Fed.
- James Hyerczyk
Germany’s September 2023 inflation drops to 4.5%, driven by +7.5% food prices and +1.0% energy costs, raising ECB concerns.
- James Hyerczyk
Spain’s NSI report aligns with the 3.5% CPI projection, driven by soaring electricity costs, while underlying inflation contracts to 5.8%.
- Vladimir Zernov
Oil markets test session highs as traders react to the EIA report.
- James Hyerczyk
In August, U.S. durable goods orders grew 0.2%, with machinery reaching $37.8 billion, but excluding defense, orders dipped 0.7%.
- Bob Mason
Australian inflation rate accelerated in August, leaving the RBA under pressure to keep interest rates higher, a common theme among central banks.