The minutes of the 25-26 January FOMC meeting, released on Wednesday, said that most participants suggested that a faster pace of increases in the target rate for the Federal Funds rate than in the post-2015 period would likely be warranted. Additional Quotes Participants continued to stress that maintaining flexibility to …
Read More »NFB: Canada’s Economic weaknesses not coinciding with disinflation
The Canadian Consumer Price Index (CPI) rose in January 0.9% above the 0.6% of market consensus, showed data released on Wednesday.Analysts at the National Bank of Canada point out that annual inflation continues to rise with widespread price increases despite the slowdown in economic activity in January. Key Quotes: “The …
Read More »European Shares Rise With Focus on Ukraine
European shares posted cautious gains on Wednesday, buoyed by hopes of easing tensions between Russia and Ukraine, although the rise of Britain’s blue-chip index remained limited by accelerating inflation. The pan-European STOXX 600 index rose 0.2 percent by 0810 GMT, after rising 1.4 percent in the previous session, when Russia …
Read More »Japan Stocks Rise, Technology Sector Leads Gains
Japanese shares rallied on Wednesday after losses for two consecutive sessions, and the technology sector led the gains, tracking its US counterpart after signs of easing tensions between Russia and Ukraine pushed Wall Street to a sharp rise. The Nikkei index jumped 2.2 percent to close at 27,460.40 points, while …
Read More »Market Drivers – US Session – 15 February
The market mood improved on Tuesday as market players rushed to price in a de-escalation of the Russia-Ukraine tensions after the Russian Minister of Defense announced that some of the troops at the border would return to their bases.Nevertheless, comments from Russian President Vladimir Putin released during the American afternoon …
Read More »Japan Manufacturers’ Mood Sinks In February
As per the latest Reuters Tankan poll, published early Wednesday morning in Asia, “Japanese manufacturers’ business confidence fell to an 11-month low in February as measures to contain the pandemic and high raw material costs hurt sentiment”, while USD/JPY remains sidelined around 115.60, after mildly positive performances in the last …
Read More »Russia-Ukraine Crisis Could Push Inflation Up To 10%
The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …
Read More »Biden Defending Ukraine could cause US economy pain
President Joe Biden on Tuesday acknowledged the likelihood that US and allied sanctions on Russia in retaliation for an invasion of Ukraine would have significant blowback on the American economy, including possible price hikes and disruption to the nation’s energy supply.“The American people understand that defending democracy and liberty is …
Read More »US Equities Rebounds As Russia-Ukraine Crisis Eases
US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions.News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% …
Read More »European Shares Rise Supported by Buying Health Care And Commodities Shares
European shares rose on Tuesday after concerns about the crisis between Ukraine and Russia prompted investors to buy shares in sectors such as health care and consumer goods. The pan-European Stoxx 600 index rose 0.6 percent by 0814 GMT, after closing in the last session at its lowest level in …
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