Analisis

Equities ease as China stimulus concerns rise

Equities ease as China stimulus concerns rise

Asian equities fall amid fears of disappointing Chinese stimulus. US and China ministers have a constructive meeting. ECB may raise interest rates again in July due to inflation pressures. US housebuilders' sentiment expected to rise. GBP/USD steady, pound up 2% due to anticipated interest rate hike in the UK.
Moneta Markets | 773 days ago
ECB Seeds Europe Recession?

ECB Seeds Europe Recession?

There is only one problem here. Well, several really. Germany is already in recession, and several nations are already faltering. Also, is it really appropriate to be raising rates against inflation when consumer and business activity is already slowing due to caution surrounding the war on on the EUs doorstep.
ACY Securities | 776 days ago
FOMC Skips June, But Signals Hikes Not Done Yet

FOMC Skips June, But Signals Hikes Not Done Yet

FOMC unanimously decided not to raise rates at the current meeting. "Additional policy firming" may still be considered according to the Committee. Median dot for 2023 shifted up by 50 bps, indicating potential tightening by the end of 2023.
ACY Securities | 776 days ago
ECB Adds To Recession Risk

ECB Adds To Recession Risk

The ECB raised rates by 25 points. With the Euro market reacting as if this were a surprise? The ECB had signalled clearly that it would continue to raise rates for some time. That it has more work to be do in the perceived fight against inflation.
ACY Securities | 776 days ago
US dollar on course to fall for a third week

US dollar on course to fall for a third week

Asian equity markets rise on Chinese stimulus hopes. Bank of Japan keeps policy unchanged. Eurozone CPI expected to confirm fall in headline measure. US consumer sentiment survey likely to rebound slightly. Central bank speakers and ECB speakers scheduled. Euro maintains increase, pound supported by BoE hike expectations. Japanese yen weakens after BoJ decision.
Moneta Markets | 776 days ago
Fed Pause + More Hikes + Wealth Gap

Fed Pause + More Hikes + Wealth Gap

Not what the market had been expecting. The market had been bizarrely fixated with fantasy pivot expectations? We have consistently pointed to stubborn inflation, the headline may be 4%, still too high, but core inflation is at a whopping 5.3% and services inflation may even accelerate.
ACY Securities | 777 days ago
GBP looking healthy with GDP

GBP looking healthy with GDP

GDP recovers as retail recovers from March washout; UK GDP in April recorded a growth of 0.2% month-on-month (m/m), aligning with consensus expectations. This indicates a partial recovery, often referred to as a 'bounce back', from the weaker-than-anticipated growth of -0.3% m/m in March.
ACY Securities | 777 days ago
Fed Funds 6% Anyone?

Fed Funds 6% Anyone?

The US Federal Reserve delivered precisely to our forecast script. Going on hold for just the moment, but emphatically emphasising there are more rate hikes to come.
ACY Securities | 777 days ago
Market focus turns to the ECB

Market focus turns to the ECB

Asian equity markets are up due to China's rate cut hinting at stimulus measures. The US Fed kept rates steady, suggesting possible hikes this year. The ECB is expected to raise interest rates despite the Eurozone's recession and high inflation. The market is also partly expecting another ECB hike in July. Today's US data will be studied for clues on the Fed's policy pause duration.
Moneta Markets | 777 days ago