Market News

Fed Minutes Show Tapering Support, Boosting Stocks, Knocking Dollar; Stronger European Manufacturing & Services Data.

Known as the official cash rate in New Zealand, interest rates there are now at the highest they have been since January 2009 just after the 2008 global financial crash.

New Zealand Raises Rates & Recession Forecast; FOMC Meeting Minutes Await; European Manufacturing & Services Data Releases

Bitcoin Trades Below $15,600; Crypto Nervously Awaits FTX Contagion; Fed’s Mester Calls for More Restrictive Policy.

Greenback, Treasury Yields Higher; Crude Oil, Bitcoin Selling Off; Chinese Corona Deaths Knocking Stocks.

Canadian CPI Slightly Lower than Expected; Republicans Win House in USA; US Retail Sales Strong; Fed on Course for 5%

UK Inflation Overshoots; US PPI Numbers Support Lower US Inflation; Poland Missile Seen as Ukrainian.

Biden / Xi Meeting Sees Stocks Higher in Asia and USA; RBA Meeting Minutes; Silver Reaches 5-Month High.

The latest US CPI data delivered positive news for the United States economy as the annual rate of inflation fell for the fourth consecutive month down to 7.7%.

US Inflation Expected to Fall Slightly; Bitcoin Fall to New 2-Year Low Below $15,650; US Midterms Remain Inconclusive, Slow Counts in Key Races.

Emergency Crypto Exchange Deal Hits Crypto; US Dollar Continues Decline as Stocks Rise; US Midterms Likely to See Republican Gain.

Market Noise Dominates in Absence of News; US Goes to Polls in Midterms; Thursday’s US CPI Data Awaits.

China Holds to Zero Covid Policy, Seen Economically Damaging; WTI Crude Oil and Commodity Currencies Lower; US Dollar Making Small Gains.

It was a decision made following the latest meeting of the Federal Open Market Committee (FOMC).

The European Central Bank’s deposit rate is now pegged at 1.5%, with the main refinancing interest rate set at 2%.