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Weekly Markets Monitor - Sticky wickets
The past week was marked by optimism over a potential US-Iran agreement and a historic mega IPO. On the macro front, headline inflation accelerated across major economies. China’s exports in May exceeded expectations, growth in Japan and the UK slowed, and the ECB raised interest rates for the first time in three years. Major global equity market rose, benchmark treasury yields declined, while the US dollar and oil prices eased. Last week, US CPI rose above 4% for the first time since 2023. But the announcement of a draft US-Iran agreement prompted a sharp fall in crude oil prices, breakeven inflation rates and Fed ... (full story)
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From channelnewsasia.com|12 hr agoSingapore will establish an over-the-counter gold clearing system and introduce central bank gold-vaulting services, Deputy Prime Minister Gan Kim Yong said on Monday (Jun 15), as ...
From aljazeera.com|13 hr ago|1 commentThe Ukraine war, trade tensions and the Iran-US conflict will be on the agenda as leaders of the Group of Seven (G7) countries are set to meet on Monday in the French town of ...
From dailyforex.com|13 hr agoGold continues to see a lot of noisy behavior, as we have seen the market gap to the upside. At this point in time, the markets might be worried about headline risks over the ...
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From am.jpmorgan.com|10 hr agoLast Wednesday’s CPI report, while not a surprise, still showed a year-over-year inflation rate of 4.2% - higher than in any month since April, 2023. For investors, this raises a ...
From statcan.gc.ca|10 hr agoWholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 0.6% to $89.3 billion in April. Sales increased in five of ...
From newyorkfed.org|10 hr agoAfter posting strong growth last month, business activity increased modestly in New York State in June, according to firms responding to the Empire State Manufacturing Survey. The ...
