Oil Prices Supported as China Vows to Provide Stimulus
China’s Politburo pledged to boost the economic recovery on Monday, following months of disappointing data, helping USOil enter its fifth straight profitable week
Page 10 of 53
China’s Politburo pledged to boost the economic recovery on Monday, following months of disappointing data, helping USOil enter its fifth straight profitable week
Headline inflation decelerated sharply in June, as today’s data showed, but remains far from the 2% target and along with high wages continues to pose a challenge for the Bank of England
The commodity slips today, as the latest batch of economic data form the world’s biggest importer of oil, disappointed markets once again
Headline CPI came in at 3%, lower than the previous months 4%, and core CPI was also lower at 4.8% (5.3% - previous). The monthly figures for both headline and core CPI were 0.2% each, which is a remarkable 2.43% annualised.
Copper prices fall as the string of poor Chinese economic data continued today, with producer prices falling deeper into deflation territory in June, while consumer inflation was non-existent
Yesterday’s published FOMC minutes reveal that most Federal Reserve officials, during their meeting in June, expressed a likelihood of implementing additional tightening of monetary policy. However, these are anticipated to be at a more moderate pace compared to the previous rapid series of rate increases that have been a feature of monetary policy since 2022.
The Australian central bank decided to hold rates at 4.1% following two consecutive hikes, after latest monthly data showed a moderation in inflation, but kept further monetary tightening in play
The Federal Reserve’s preferred inflation gauge, the PCE shows contrasting trends between its headline number and the core print, which excludes volatile items such as food and energy.
The commodity trades with caution, as factory activity in the world’s largest importer of oil contracted again according to today’s data, continues to fuel fears for the country’s economic recovery
The central bank of China slashed a series of key interest rates recently, in order to support waning economic growth, but markets were unimpressed and CNH50 continues to drop
The index is under pressure after the Bank of England accelerated the pace of tightening on Thursday, in response to the latest hot inflation report
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.