6 March 2023
US & European markets managed to close last week in positive territory, as Treasury yields consolidated and investors digested a number of economic data, which managed to slightly erase global concerns over the rising interest rate trend that is likely to last until the end of the year.
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3 March 2023
Global investors digested strong economic data and signals of a measured interest rate approach from the Federal Reserve. US Initial Jobless Claims numbers were released at 190K, lower than the expected 195K (also lower than the previous week at 192K).
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2 March 2023
New inflation indicators release from China, Germany, and the US hardened expectations that high-interest rates would be in force longer than expected. China's Manufacturing Purchasing Managers' Index (PMI) rose to 52.6 (Feb.) from 50.1 (Jan.), marking the fastest growth in more than a decade.
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1 March 2023
Wall Street's major indexes closed out February in bearish territory, with a 4.19% total decline for the Dow Jones, 2.61% for the S&P 500, and 1.11% for the Nasdaq; in contrast to the bond market, which is cozily sitting on a yield uptrend, as evidenced by theh two-year US Treasury yields, the most sesitive to shifts in expectations for interest rates, have risen this February to 5% (the highest monthly increase since 1981, according to Refinitiv data).
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28 February 2023
The global market was somewhat buoyant earlier this week on favorable economic data and bargain hunting after the market weakness last week, which was the most significant decline this year. However, investors remained vigilant over speculation of higher interest rate hikes in the US & Europe.
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