Market News

This weakness is being linked to the spread of the Delta variant.

The Bank of England had to face the prospect of a strong overshoot of its inflation target over the near term in its monthly monetary policy statement and base rate decision today.

Oil futures fell yesterday, reflecting concerns regarding the spread of the Delta variant of COVID-19.

US FOMC Makes Another Tapering Signal; ADP NFP Very Low; NZD Firmly Bid

S&P 500 Index Closes at All-Time High; USD/JPY Down at 50-Day Low; NZD/USD Hits 1-Month High

The Reserve Bank of Australia recently decided to leave cash rates unchanged at 0.1%, in line with expectations.

USD/JPY Down as Fed Talks of September Taper; AUD/USD Boosted by RBA for Same Reason

According to data released by both Caixin Global and IHS Markit, China's manufacturing sector activity fell to a 15-month low, despite expanding in the month of July.

Asian Stocks Recover; US Stocks Approaching Record Highs; Bitcoin Back Below $40k.

The Fed left interest rates unchanged. It would have been a very major surprise if they had made a change.

Bitcoin gained 4.62% against the US dollar yesterday, closing the session at the 35,407.0 level and gaining ground for the fifth consecutive session.

FOMC Sends Dollar Lower; Asian Stocks Recover.

The country’s CPI rose by 0.8% in the second quarter (quarter-on-quarter), surpassing expectations of 0.7% and the previous quarter’s 0.6%.

Stocks Mostly Dip Globally; HSI, Nikkei 225 Approach Lows; Australian CPI at 3.8%.

According to analysts from Goldman Sachs, US economic growth will slow down significantly in the second half of the year, mainly because the services sector growth is expected to slow due to less spending on services.