Market Update

Since the outburst of the war in East Europe, markets have massively increased their expectations for key US interest rates. This can be seen, among other things, in the rise in the yield on the 2-year US Treasury bond by around 0.9%% in just a few weeks.The basis for this …

The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps) effective from April 25.The PBOC further noted that it will cut RRR by an additional 25 bps for some smaller banks and noted that …

Japan’s Industry Ministry said on Friday it will release six million barrels of oil from privately owned reserves, as part of its contribution to the second round of coordinated withdrawals from reserves led by the International Energy Agency to cool crude prices. Japan will release the amount of oil, which …

Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent. On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month …

US natural gas inventories recorded reading in line with market expectations this week, as natural gas inventories rose by 15 billion cubic meters during the week ending last Friday. This reading is in line with market expectations. This reading is worse than the previous reading, which showed a decrease in …

The Japanese Nikkei index declined Friday, April 15th, after being affected by the decline in the blue-chip technology shares that tracked the weak performance on Wall Street, but losses were limited after investors repurchased shares before a long holiday. The Nikkei index fell 0.29% to close at 27,093.19 points, but …

The People’s Bank of China kept its key interest rate unchanged in a surprise move, despite expectations of more stimulus, as Beijing is currently suffering from a spike in coronavirus cases. The People’s Bank of China said it kept the one-year medium-term loan rate unchanged at 2.85%. China is currently …

The US dollar holds firmly up, giving up some of its recent gains ahead of the close as speculative interest booked some profits ahead of the Good Friday holiday.Economic Data The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month …

Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity.Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of …