13 April 2023
Bullish sentiment in the market deflated at the end of Wednesday's trading (12/04/23) amid the release of Inflation data (Mar.) which was able to cool down to 5% YoY, lower than the estimated 5.2%. Core CPI is still somewhat tough to come out at 5.6% YoY, slightly higher than the previous period of 5.5%, although on a monthly basis it had sloped to 0.4% MoM (from 0.5% previous).
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12 April 2023
Global stocks and bond yields moved in positive territory on Tuesday (11/04/23) as world traders anticipate US benchmark interest rates will soon peak at the upcoming central bank meeting in May.
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11 April 2023
The US Dollar index jumped 0.52% and the 2-year US Treasury yield crept up after strong jobs data last week pointed to the Federal Reserve that would still have a reason to keep interest rates high, while the yen eased after Japan's new central bank governor, Kazuo Ueda, vowed to maintain ultra-loose policy; weakening the Yen by 1.08% at an exchange rate of 133.57/USD (had touched Yen 133.87/USD, the lowest level since March 15).
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10 April 2023
Wall Street's main index closed last week in positive territory after going through quite volatile trading on Thursday (06/04/23), as the release of economic data Initial Jobless Claims came out at 228 thousand, which was higher than the estimate of 200 thousand, although still lower than the previous period of 246 thousand.
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6 April 2023
Market mostly responded negatively to economic data releases that implied a slowdown in the US economy; as Federal Reserve officials reiterated that the pace of US interest rate hikes will continue. The private sector employment growth figure or ADP Nonfarm Employment Change fell sharply to 145k for March, lower than the forecast of 200k and the previous month at 261k.
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