Page 12 of 47
On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…
President Joe Biden and House Speaker Kevin McCarthy will meet again on Monday to try to find a deal to avoid a U.S. default. Lawmakers are still far apart on an agreement to raise the federal borrowing limit, and time is running out. McCarthy said there's no agreement yet, despite a productive phone call with Biden. Biden called on Republicans to reconsider their extreme positions, as he finds their proposals…
Some of last week’s optimism around the outcome of the debt ceiling negotiations has faded, as latest rhetoric seems to be less conciliatory, with the June estimated deadline looming
The FAANG stocks are influential. They are registering as overbought, which may have broader market implications.
Watch today’s US Open for insights on the US debt ceiling hopes, Burberry’s solid FY2023 results, the key takeaways from Tesla’s Investor Day and more
The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
The CEO of EV King Tesla covered a wide range of issues during Tuesday’s annual shareholder meeting, teasing two new vehicles, offering more insights on to the upcoming Cybertruck and more
President Biden met with key Republican and Democratic congressional leaders at the White House on Tuesday. They aimed to reach an agreement to raise the debt limit, but the discussions ended without a consensus.
Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
On Monday, European regulators granted approval to Microsoft's proposed acquisition of Activision Blizzard, a deal worth $69 billion. While this decision does not guarantee the acquisition's completion, it may assist Microsoft in addressing objections raised by the United States and the United Kingdom.
Last week, US headline inflation came in under 5% for the first time in two years. Core inflation was 5.5% y/y and is still looking sticky. Chinese CPI was a disappointing 0.1% y/y and Chinese factory-gate inflate declined 3.6% y/y. We also saw the BoE raise rates by 25 bps to 4.50%. This week will see a host of Fed speakers with Fed Chair Powell participating in a panel discussion…
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.