UK100 Constructive as Bank of England Stands Pat
The BoE kept rates unchanged ahead of the July 4 elections, but remains on track to pivot, supporting the index
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The BoE kept rates unchanged ahead of the July 4 elections, but remains on track to pivot, supporting the index
The pair reacted higher after the Swiss National Bank (SNB) slashed rates for second straight time, whereas the Fed is reluctant to pivot
The pair is subdued this week as poor US retail sales boost hopes for two Fed rate cuts this year, but monetary policy differential remains favorable
The Australian central bank stayed again on the sidelines and inflation jitters keep rate cut prospects far, in a policy differential that is supportive for the pair, despite the Fed’s reluctance to pivot
The ECB slashed rates this month, as the Fed is reluctant to pivot, with the unfavorable policy differential making the pair vulnerable to its 2024 lows
The commodity is poised for a profitable week, looking past a series of negative news, like slower demand forecasts and higher-for-longer Fed
The tech heavy index rose to new all-time highs as AI optimism was reinvigorated by Apple’s announcements and CPI inflation cooled, looking past the Fed’s one-cut projections
HKG33 extends its losses and tests pivotal technical levels after today’s data showed that China deflationary risks have not gone away, amidst broader uneven recovery
The pair drops as another strong US jobs report strengthens the Fed’s higher-for-longer stance, while election woes take hold in Europe after France snap elections
The ECB slashed rates for the first time in nearly five years, but adopted a cautious stance around future moves, creating some pressure for the German index
The tech-heavy index reached new all-time highs, helped by Nvidia’s rise after the announcement of new Artificial Intelligence chips
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