Market News

US CPI Expected to Fall Again; UK GDP Data Awaits; Bankman-Fried Arrested in Bahamas

Markets Expect Rate Hikes from Fed, ECB, BoE, SNB; Silver Hits 6-Month High; British GDP Data Due.

The Bank of Canada has increased interest rates by 0.50% to 4.25% in its seventh consecutive rate rise but has indicated that rate increases may slow down.

Federal Reserve Chairman Jerome Powell has signaled that there could be an easing of the pace of interest rate rises, which may begin as early as this month.

Rumour Emerges Chinese Policymakers Considering New COVID Policy; Chinese Unrest Eases; BlockFi Goes Bankrupt

Anti-Lockdown Protest Hit Beijing and Shanghai; Stocks, Crude Oil, Australian Dollar Weak on China, US Dollar Rises as Haven.

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%.