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Weekly Markets Monitor - Jail break or head fake?
A data light shortened week in the US put the spotlight on Fed Chairman Warsh’s first meeting and a perceived ‘hawkish pause’. Sentiment was however aided by signing of a Memorandum of Understanding between the US and Iran. Eurozone data shone a little brighter, China’s growth data continued to surprise to the downside while higher inflation readings printed in Japan. Global equities rose alongside bond yields. The dollar index (DXY) followed suit. Oil slumped. The US dollar index (DXY), taking its cue from the Fed’s ‘hawkish pause’, higher bond yields across the curve and stronger equities – broke ... (full story)
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From nbcnews.com|8 hr ago|8 commentsAlan Greenspan, the influential economist who steered U.S. monetary policy during his five terms as chairman of the Federal Reserve under four presidents, died Monday, his wife ...
From @finsquawk_|8 hr ago|29 commentsVANCE: YESTERDAY WAS A GOOD DAY FOR TALKS VANCE: HORMUZ IS OPEN VANCE ON IRAN TALKS: MADE A LOT OF GOOD PROGRESS VANCE: STRAIT IS OPEN VANCE ON LEBANON: WANT TO MAKE SURE HAVE PROPER COORDINATION VANCE ON IRAN TALKS: IRANIANS HAVE AGREED TO INVITE IAEA INSPECTORS BACK *VANCE: TECHNICAL TALKS WILL CONTINUE OVER COMING WEEKS *VANCE: I AM ABOUT TO GO HOME TO US *VANCE: TECHNICAL TEAMS WILL KEEP WORKING VANCE: WE WANT A REGIONAL CEASEFIRE || VANCE ON LEBANON: THIS IS A WORK IN PROGRESS || THIS WILL BE ONGOING CONVERSATION US VP Vance on Iranian assets: We wanted to set up a process that we can ensure funds help Iranians, not fund terrorism
From cnbc.com|9 hr ago|6 commentsShipping through the Strait of Hormuz stalled over the weekend, according to maritime intelligence company Windward, after Iran announced it had again closed the world’s most ...
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From statcan.gc.ca|7 hr ago|20 commentsThe Consumer Price Index (CPI) increased 3.2% year over year in May, up from a 2.8% gain in April. Higher prices for gasoline continued to drive the acceleration in the headline ...
From federalreserve.gov|7 hr agoThe Federal Reserve Board and the Federal Reserve Bank of New York are jointly organizing the Fifth Conference on the International Roles of the U.S. Dollar on June 22 and 23, ...
From ecb.europa.eu|7 hr ago|47 commentsIt is a pleasure to return to this Committee for our regular dialogue. When we last met in February, inflation had remained close to the ECB’s 2% target for over a year, and euro area economic activity was showing solid growth momentum. Only a few days later, war broke out in the Middle East, reminding us how quickly external shocks can reshape the economic outlook. The topic you have chosen for today’s exchange – how monetary policy should be conducted in an environment of heightened geopolitical tensions and frequent supply shocks – is therefore particularly timely. In my remarks, I will first review what the incoming data tell us about the euro area economy and outline our latest monetary policy decisions. I will then explain in more detail how our monetary policy strategy is guiding us in responding to shocks such as the one we face today. ECB's President Lagarde: No evidence yet of de-anchoring or second-round effects that warrant a more forceful policy action *LAGARDE SEES NO NEED FOR MORE FORCEFUL ECB RESPONSE TO IRAN WAR ECB'S LAGARDE: WE ARE CONFIDENT THAT, WITH APPROPRIATE MONETARY POLICY ACTION, INFLATION WILL RETURN TO TARGET ECB's President Lagarde: ECB is 'well positioned' to navigate the situation
