The initial jobless claims miss is a cause for concern
The initial jobless claims missed the forecast. This is a concern given the current macroeconomic environment.
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The initial jobless claims missed the forecast. This is a concern given the current macroeconomic environment.
Given the tightening cycle, market participants turn their attention to tomorrow's CPI release to see if there are signs of moderation.
NGAS dips in uptrend following an explosion at a Texas export facility.
USOil consolidates today, as markets digest higher US inventories, elevated Chinese exports and lower global GDP forecasts, ahead of Friday’s US Inflation update
Our senior market specialists, Nik and Russ, cover much ground this week. Several Fed officials make hawkish statements, with the NFP beat laying a foundation. Other central banks continue to be hawkish, with the BoC and the RBA hiking by 50bps. OPEC+ accelerated its schedule, but the oil market remains tight, and Boris Johnson survives a no-confident vote against him. Finally, the ECB meeting prepares the market for its hiking…
Yields have kicked up, supported by the substantial job numbers. eyes now turn to the inflation numbers due at the end of the week.
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
A list of the top 5 oil companies by market cap as of June 2022.
The NFP beat means that 50bps increases for the next two Fed meets are alive and well.
As we progress through the current rate hiking cycle, unemployment is an essential economic series to monitor.
UKOil supported into US session.
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