ECB’s Klaas Knot: “Another Interest Rate Step in October”
Today the U.S. market is closed for observing Columbus Day.
October 10, 2022
1743
Stocks
According to the Census Bureau, the U.S. retail and food services sales remained unchanged in September on a monthly basis, reaching $684 billion.
October 14, 2022
1748
1743
U.S. Nonfarm Payrolls Higher at 263K vs. Consensus 255K
It’s finally the U.S. jobs day. The median estimate in the Bloomberg survey is for a gain of 255K in September non-farm payrolls (the actual number was just released at 263K, above estimates), a slower pace than the 315K rate seen the previous month.
October 7, 2022
1739
VIX Volatility Index Highest Since Middle of June
On Wall Street, the bearish sentiment is apparently persisting. Goldman Sachs (GS) and BlackRock (BLK) are warning that markets are yet to price in the risk of a global recession: one of their latest research papers now sees a 98% chance of a looming global recession.
September 27, 2022
1606
World Markets Extremely Nervous, Anticipating Robust Rate Hike to be Announced Tomorrow
The Federal Reserve’s policy-setting FOMC is set to start its two-day meeting tonight, as investors are keen to see whether the financial regulator is ready to raise its benchmark rate by 0.75 or a full point.
September 20, 2022
1597
Housing Market Stats and Announced German Porsche IPO Hoped to Mitigate Overall Gloomy Sentiment
The U.S. indices opened moderately lower today again, with S&P 500 losing 0.25% at the time of writing.
September 19, 2022
1555
World Bank Issues 2023 Global Recession Warning
Major world markets are still in the blues today, setting up a very clear bearish pattern. In terms of macro in the U.S., the University of Michigan data, due out at 10 a.m.
September 16, 2022
1676
Today’s U.S. Producer Price Data Don’t Give Much Chance for Markets to Rebound
U.S. index futures are showing shy rebounds after yesterday’s sharp losses in the wake of disappointment caused by still-elevated inflation data.
September 14, 2022
1551
Judgement Day for Inflation
Today is the judgement day for inflation in the U.S. According to a key Federal Reserve Bank of New York survey published yesterday, consumer expectations for next year inflation fell again in August, a potentially promising sign for the U.S. Fed as it tries to cool the surging prices.
September 13, 2022
1576
Forecast Suggests U.S. Inflation Slowed to 8 Percent in August
Friday's trading on U.S. markets ended with a significant increase in major indices (S&P 500 +1.53%, Nasdaq Composite +2.11%)
September 12, 2022
1607
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