After the rate hike announcement on Thursday from the Bank of England, analysts at Rabobank held on to their forecast of a much less aggressive tightening cycle than what is currently priced in front-end rates. They expect another 25 bps hike early next year. The Bank of England MPC confused …
Read More »Oil Prices Jump as Iran Tensions Escalate and U.S. Crude Inventories Shrink
Oil prices surged on Wednesday, with U.S. crude climbing more than 2% as renewed geopolitical tensio…
Gold Drops Over 3% After CPI Data Reinforces Higher-for-Longer Rate Outlook
U.S. Inflation Figures Weigh on Gold as Markets Scale Back Expectations for Interest Rate CutsGold p…
U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Trump Threatens Iran Power Plants and Bridges as Talks Collapse: Oil Surges 2% on “Bully of the Middle East is DEAD” Post
Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to …
May Inflation Expected at 4.2%, Highest in Three Years as Iran War Ripples Through Consumer Prices
Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading si…
Barclays: European Stocks Can Handle ECB Rate Hikes Better Than 2011 — Banks, Energy, and Miners the Top Picks
Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inf…
Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction
Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.…
Bitcoin Crashes 3% as Iran Missile Barrage Crushes Peace Hopes: ETF Outflows Slow But War Fears Dominate
Key Takeaways Bitcoin falls 3%: The world’s largest crypto dropped to $61,375.5, wiping out mo…
Oil Rebounds 1.8% as U.S. Strikes Iran Over Downed Helicopter: Ceasefire Unravels and API Shows Massive 9M Barrel Draw
Key Takeaways Oil bounces back: Brent rose 1.8% to $93.08 per barrel, while WTI climbed 1.8% to $89.…
Market Analysis
December, 2021
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16 December 2021 9:37 pm
Lagarde Itroduces Changes To QE Programmes
The European Central Bank introduced changes to its QE programs on Thursday. The ECB could have delivered a more hawkish calibration, but retain flexibility and optionality for now. During today’s press conference, Christine Lagarde conveyed that optionality and flexibility were key components of ECB’s calibration. The calibration has both something …
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16 December 2021 9:26 pm
Most Treasury Yields Decline, Investors Digest Fed’s Decisions
Most U.S. Treasury yields fell early Thursday, taking back some of the rise seen in the previous session after the Fed’s move to accelerate thewithdrawal of its asset-purchasing program and penciled in three interest rate increases in 2022.Meanwhile, investors weighed an interest rate hike by the Bank of England and …
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16 December 2021 8:16 pm
US Stocks Jump, Apple Nears New Milestone
US stocks rose for a second session after the Federal Reserve said it will accelerate the withdrawal of its economic stimulus and even as weekly jobless claims moved higher. The Dow Jones Industrial Average rose 146 points or 0.4%, while the S&P 500 and Nasdaq Composite gained 0.45% and 0.39%, …
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16 December 2021 7:47 pm
Evergrande Stuck By Lawsuits, Investors’ Bargaining
Chinese creditors have sued Evergrande for more than USD 13 billion in overdue payments, as domestic companies owed money by the embattled property developer race against offshore bondholders to secure repayment.A Chinese court assigned to handle civil lawsuits against Evergrande has accepted 367 cases with claims amounting to USD 13.2 …
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16 December 2021 6:18 pm
US: Housing Starts Rose by 11.8% in November
Housing Starts in the US rose by 11.8% on a monthly basis in November after falling at a 3.1% rate in October, data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Thursday. That lifted the 12-month rolling number of Housing …
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16 December 2021 6:11 pm
US: Weekly Initial Jobless Claims Rises to 206K
There were 206,000 initial claims for unemployment benefits in the US during the week ending December 11, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 188K (revised up from 184K), which was the lowest reading since 1969, and came …
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16 December 2021 5:17 pm
ECB Leaves Rates Unchanged, Confirms March End to PEPP,
The European Central Bank announced on Thursday that its Deposit Facility Rate would be left unchanged at -0.50%, as unanimously expected by analysts and market participants. The bank said that progress on the economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its …
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16 December 2021 4:02 pm
Bank of England Hikes Interest Rates by 15bps to 0.25%
The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …
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16 December 2021 3:40 pm
CBRT Cuts Policy Rate by 100 Basis Points
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …
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16 December 2021 3:20 pm
Gold Rises After Fed Decisions
Gold prices rose during trading Thursday, after the decisions of the Federal Reserve, and amid the decline of the US dollar from its highest level in three weeks. The Federal Reserve decided to reduce its bond purchases by $30 billion per month, starting next January, instead of the previously announced …
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16 December 2021 2:43 pm
European Shares Rise Ahead of The ECB Meeting Minutes
European stock prices jumped on Thursday after a positive economic outlook released by the US Federal Reserve improved buying interest, and investors turned their attention to the European Central Bank meeting results. The pan-European Stoxx 600 index rose 1.4 percent by 0813 GMT on expectations of the best daily performance …
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16 December 2021 2:01 pm
UK Preliminary Manufacturing PMI Eases to 57.6 in December
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) worsened to 57.6 in December versus 57.6 expected and 58.1 – November’s final reading. The Preliminary UK Services Business Activity Index for December slumped, arriving at 53.2 versus November’s final readout 58.5 and 57.0 expected.
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