Market In Review 31/2022
The Fed’s preferred inflation guide ticked higher on Friday as the month came to a close, and what a turnaround the month has been.
Market In Review 30/2022
Inflation in the UK and Canada is up and the ECB surprised with 50 basis points hike, whilst PMI’s missed and media advertising spending shrinks. This is the main news from last week.
Market In Review 29/2022
NZ raised rates by 50 to 2.5%, Canada raised by 100 to 2.5% too, which surprised the market somewhat. US Inflation was up 1.3% to 9.1% and Australian unemployment fell to 3.5%. Chinese GDP fell but retail sales in China and USA both came in stronger with US Consumer sentiment also printing higher.
Market In Review 28/2022
A busy schedule in the week ahead should provide some directional trading and volatility. Last week finished with the USA job numbers coming in hotter than expected, adding 372K over an expected 260K.
Market In Review 27/2022
What inflation? The market, for no discernible reason, decided on Friday that inflation is no longer the important issue, but the looming recession is.
Market In Review 26/2022
FX markets trod water last week as bonds weakened somewhat but the big story was the aggressive bounce in stocks on Friday. There was no major data or headlines for the stocks to run higher from, but there seems to be two major drivers for it. One is a short squeeze, second is the timing of the Fed.
Market In Review 25/2022
Last week the market pretty much trod water waiting for the US FOMC meeting. It needed to take a breather after the hectic sell off from the inflation numbers.
Market In Review 24/2022
The USA CPI print was higher than expected and the 14th consecutive rise. The print came in at 1% putting the annual figure up to 8.6%.
Market In Review 23/2022
Stocks faded again on Friday night as US jobs data added a healthy 390,000 but wage growth stagnated.
Market In Review 22/2022
Last week the markets rolled over somewhat with a general bounce across assets. Bucking the trend is the commodity market which continues to push higher led by oil price of course.
