Market Overview
Bank of Japan disappointed investors with no plans for 2024. Oil rises due to Houthi attacks on tankers in the Red Sea
2023.12.19
Goldman Sachs yesterday raised its target for the S&P 500 by the end of next year to 5,100 from a mid-November forecast of 4,700, saying the Fed's dovish policy rate last week and lower consumer price...
Read more
Investors are expecting a Santa Claus rally. The Eurozone economy is close to a recession
2023.12.18
Hawkish comments from the Fed on Friday lent support to the dollar. New York Fed President Williams said the question now is whether the bank has sufficiently constrained the economy.
Read more
Week's main events Week's main events (December 18 – December 22)
2023.12.18
This week's focus is on the BoJ Interest Rate Decision, and inflation data in Canada, Japan, the United Kingdom, and the Eurozone
Read more
ECB and BoE are in no hurry to cut the rate. SNB has ended the tightening policy in this cycle
2023.12.15
Economic news from the US on Thursday was better than expected. Weekly initial jobless claims unexpectedly fell by 19,000 to an 8-week low of 202,000, indicating a stronger labor market. In addition,...
Read more
FOMC predicts rate cuts. The SNB, BoE, and ECB will meet today
2023.12.14
The FOMC lowered its median forecast for the federal funds interest rate at the end of 2024 to 4.625% from 5.125% in September, implying a 75 bps rate cut next year. Fed Chairman Powell said that infl...
Read more
New Zealand passed a law returning the Central Bank to a single mandate on inflation. Oil prices are under pressure again
2023.12.13
The US Consumer Price Index for November declined to 3.1% y/y from 3.2% y/y, in line with expectations.
Read more
Bank of Japan's statements mislead investors. Oil is expected to see a rise in fuel demand ahead of the holidays
2023.12.12
This week, markets will also keep a close eye on the results of the central bank meetings of the Fed, ECB, SNB, and Bank of England to see if policymakers support the suspension of the interest rate h...
Read more
The ECB and Fed will cut rates sooner than the BoE. Deflationary processes are intensifying in China
2023.12.11
Stocks initially declined on Friday, and bond yields jumped after the monthly labor market report showed a larger-than-expected increase in non-farm payrolls for November and an unexpected drop in the...
Read more
Week's main events Week's main events (December 11 – December 15)
2023.12.11
The focus this week is on global central banks meetings and inflation data
Read more
The ECB could cut rates as early as April 2024. Today, the focus is on the US labor market data
2023.12.08
A positive for stocks yesterday was Alphabet (GOOG) shares rising more than 5% after Google released Gemini, "the largest and most capable artificial intelligence model" the company has ever developed...
Read more