Market News

Powell Sees Inflation Lowering, But Open to More Hikes; Stocks Rally, NASDAQ 100 Makes 4-Month High Close

RBA makes a hawkish rate hike.

Aussie Gains on RBA Hawkish Tilt; Stocks Firmer Ahead of Powell Speaking.

Yen Tumbles on Report Dove Amamiya to be BoJ Governor; Stocks Lower as Sentiment Persists; RBA Expected to Hike Rates

The FED raised its interest rate by 0.25% yesterday, leaving benchmark borrowing costs at 4.75%, in what was the smallest rate rise since March 2022.

FOMC Hikes by 0.25%; FOMC Statement Slightly Hawkish; Powell Talks Down US Dollar in Presser; S&P 500 Golden Cross; Gold, Euro Reach Highs; ECB, BoE 0.50% Hikes Expected Today.

Markets Await FOMC and Expected Rate Rise; Stock Markets Higher; US Dollar Consolidates.

IMF Sees G7 Growth Except UK in 2023; Markets Quiet Ahead of FOMC Wednesday; US Dollar Strengthens.

Bitcoin Up 40% Since 2022; Global Stocks Mostly Falling; Yen Strengthens, Aussie Weakens.

Yesterday’s decision by the Bank of Canada’s Governing Council is a clear sign that its high-interest rate rise policy could be reversed later this year.

BoC Raises Rates by 0.25% to 4.50%; Chinese Stock Market Roars Ahead; Gold Reaches 9-Month High at $1948; US Advance GDP of 2.6% Expected

Australian CPI Reaches 8.4%; New Zealand Inflation Drops Slightly; Gold Reaches 9-Month High at $1942

Stock Markets Rise Strongly in Asia; Market Awaits Australian, New Zealand CPI Data

EUR/USD Currency Pair Reaches 9-Month High; ECB’s Knot Forecasts Two 0.5% Rate Hikes; US Dollar Declines.

Yen Recover’s Post-BoJ Losses; US 10-Year Treasury Yield Hits 7-Month Low; British Inflation Falls, Poor US Retail Sales, PPI Data.