Market Overview
The dollar and the stock market continue to show a tendency towards growth
2023.07.04
On Friday, the dollar index resumed its growth on the back of positive macroeconomic data and rising Treasury yields. The latter consolidated above 1.60% after the publication of PPI data.
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The stock market continues a confident rally. The dollar index is prone to growth
2023.07.04
On Thursday, the results of the ECB meeting somewhat disappointed investors. Promises to increase the speed of assets purchases don’t indicate an increase in the final volume of the program for 1.85 t...
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Moderate growth of inflation allowed the stock market to resume its rally
2023.07.04
Weaker-than-expected inflation data eased concerns concerning the need to scale back the Fed's stimulus program.
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The stock market is recovering after updated forecasts by the OECD. The dollar is correcting
2023.07.04
After a four-day rise of the dollar, the foreign exchange market began to show a correction tendency. Against the backdrop of falling oil prices, the government bonds yield declined.
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The growth of the dollar is gaining momentum after the data on the labor market
2023.07.04
Friday's labor market report showed an increase in the nonfarm payrolls by 379,000 people, where there were 465,000 people more in the private sector, while the number of civil servants fell by 86K.
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Economists have changed expectations on rising Fed rates. The dollar has gained new growth drivers
2023.07.04
The stock market continued to decline on Thursday, and the dollar rose amid comments by Fed Chairman Jerome Powell on the recent rapid increase of treasury bonds yield.
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The US stock market includes interest rate hike scenario in pricing
2023.07.04
On Thursday, US stock indices fell sharply by the end of the day due to the drop in consumer stocks and new weakness in the technology sector.
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The stock market continues to rise, as positive data from IHS Markit for the US is being released. The dollar index is growing
2023.07.04
The end of last week was alarming for Europe and positive for the United States. Following Germany, where the PMI indices came out weak, the UK reported.
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The service sector in the US has slowed down. Tensions between the EU and the UK concerning the Brexit deal have escalated
2023.07.04
Wednesday was filled with different news backgrounds, both economic and political. ISM Service sector growth was the slowest over nine months.
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The manufacturing sector in Europe has slowed down. There is the possibility of extending the lockdown until summer in the UK
2023.07.04
Preliminary data in the PMI report from IHS Markit showed a slowdown in the German manufacturing sector to 57 in January, the lowest in 4 months.
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