Economic Report

Hot inflation, recession-related concerns and quantitative tightening continued to be the major key words dominating financial markets throughout the week as central bankers ponder coming changes of policy based upon the available data particularly the labour market developments. New U.S. jobless claims fell slightly to 184,000 in mid-April and stayed …

French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …

European shares fell as traders intensified their bets on raising the interest rate after statements tending to tighten from central bank officials, while shares of the German software giant SABB and French luxury goods Kering fell after the two companies announced the results of the first quarter of the year. …

The euro fell on Friday after officials from the European Central Bank made mixed statements, while the dollar was supported by expectations of a 50 basis point interest rate hike from the Federal Reserve. European Central Bank President Christine Lagarde gave some indication of easing by saying that the bank …

Risk-off trading conditions, triggered in part by a rise in US yields amid hawkish Fed rhetoric, saw US equities dip on Thursday and the safe-haven US dollar outperform, especially against its more risk-sensitive G10 peers like the Australian, New Zealand and Canadian dollars. The US Dollar Index (DXY) reversed an …

The euro rose to a one-week high on Thursday as market expectations crystallized that the European Central Bank would implement its first interest rate hike as soon as July. European Central Bank President Joachim Nagel joined other policymakers this week in saying the bank may raise interest rates at the …

Supply chain bottlenecks, the highest inflation in decades and a persisting labour shortage are weighing on businesses across the country, according to a new Federal Reserve report. In its region-by-region roundup of anecdotal information known as the Beige Book, the Fed reported that while economic activity increased at a “moderate …

The Japanese yen hit a new record low on Wednesday at a 20-year low after the Bank of Japan again intervened defending ultra-low interest rates in Japan, widening the spread with the United States as bond yields hit fresh new hard highs. The Bank of Japan again offered to buy …

An optimistic earnings outlook helped push Wall Street higher on Tuesday, while concerns over global economic growth and expectations on recession heavily weighed on oil and boosted bond yields.The tech-heavy Nasdaq led the way for gains in U.S. markets, shaking off lower trading in Europe. With many corporations beginning to …

On Tuesday, the dollar rose to a 20-year high against the Japanese yen, and touched a two-year peak against the euro, boosted by rising US Treasury yields. The dollar index, which measures the performance of the US currency against six other currencies, rose to exceed 101 for the first time …