Author: FX
CPI +0.3% m/mPrior -0.1%HICP +5.6% vs +6.0% y/y expectedPrior +6.7%HICP +0.1% m/mPrior -0.3%That’s now five months running that annual inflation in Spain has been on the decline, since peaking at 10.8% in July. The drop is surely still largely to do with falling energy prices, with milder weather conditions so far this winter being a key reason for that in Europe. If there is something to take away from this report, it is that other countries in the euro area are likely to see a similar trend.ADVERTISEMENT – CONTINUE READING BELOW Source link
COMMODITY MARKET OUTLOOK 2023 – TALKING POINTS:2022 saw commodity markets wrestle with supply concernsMany of those fed into the global inflation surge still besetting marketsThe response to that surge now threatens demand Recommended by David Cottle Get Your Free Oil Forecast 2022 was all about supply in the commodity markets, with Russia’s invasion of Ukraine adding to supply-chain worries already elevated thanks to Covid’s ravages. By contrast 2023 could well see focus shift decisively to demand as central banks attempt to reverse decades of extraordinary monetary largesse in their efforts to cool inflation.With commodity prices generally elevated if off their…
Prior -0.7%House prices +2.8% vs +2.3% y/y expectedPrior +4.4%This marks a fourth straight month of decline in UK house prices – the worst run since 2008, with all regions reporting a slowdown in annual price growth in the final quarter for the year. Nationwide notes that:“While financial market conditions have settled, mortgage rates are taking longer to normalise and activity in the housing market has shown few signs of recovery. “It will be hard for the market to regain much momentum in the near term as economic headwinds strengthen, with real earnings set to fall further and the labour market…
2/2 © Reuters. FILE PHOTO: A man walks past a branch of Sumitomo Mitsui Banking Corp (SMBC) Trust Bank in Tokyo, Japan September 5, 2017. REUTERS/Kim Kyung-Hoon 2/2 TOKYO (Reuters) – Japan’s three biggest banks said on Friday they would raise interest rates for housing loans for next month, reflecting the Bank of Japan’s tweak in its ultra-loose policy. Sumitomo Mitsui (NYSE:) Banking Corp, the main banking unit of Sumitomo Mitsui Financial Group , will raise 10-year fixed-rate loans by 0.26 percentage point to 3.79%, while that rate for Mizuho Bank, the main banking unit of Mizuho Financial Group, will…
AUD/USD fades bounce off 50-HMA amid failures to cross three-day-old descending resistance line. Looming bear cross on MACD keeps sellers hopeful but 200-HMA is a tough nut to crack for sellers. Bulls need validation from 0.6800 to retake control. AUD/USD snaps a two-day uptrend as it retreats from a short-term downward-sloping resistance line during early Friday. Even so, the sluggish MACD and holiday mood in the market restricts the Aussie pair’s downside and hence the quote remains mildly offered near 0.6770 by the press time. It should be observed that the MACD is likely teasing the bears, despite being sidelined…
Friday's economic calendar Source link
Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the mining sector. The crypto investment firm’s $65 million acquisition of Argo Blockchain’s flagship mining facility was announced on Dec. 28 as part of Argo’s drastic action to stave off bankruptcy. Continue Reading on Coin Telegraph Source link
Market sentiment remains dicey amid mixed feeling over Covid, US data. S&P 500 Futures pares recent gains with mild losses. US 10-year Treasury yields stabilize after reversing from three-week high. Second-tier US data, China PMIs to entertain traders during the last days of 2022. Global markets remain mostly downbeat during early Friday as traders brace for the last active day of 2022 with mixed signals surrounding China and the US. While portraying the mood, the US 10-year Treasury yields fade the previous day’s pullback from the six-week high by taking rounds to 3.8% while the S&P 500 Futures print mild…
2023 FEDERAL RESERVE POLICY OUTLOOK, FOMC, PIVOT, POWELL – TALKING POINTS:It’s not hard to find an analyst who thinks the US interest rate cycle will peak soonAnd, yes, there are some encouraging signs on the inflation frontBut price rises are still far too high, and the Fed won’t stop while they are Recommended by David Cottle Get Your Free USD Forecast Every economic age has its dominant phrase. Think of the ‘irrational exuberance’ which then-Federal Reserve Chair Alan Greenspan fretted about during the 1990’s dot-com bubble. If that’s too far back for you, what about European Central Bank chief Mario…
<p>TSLA has had its worst quarter and year ever. The price rose on Wednesday and again on Thursday, so there is that!</p><p>Regardless, here's an interesting list with some suggestions for Musk on how to stem the losses for the firm's share price. </p><p>The #1 item (get a new CEO) on the list, and #2 (stop selling $bns of the stock!) seem like no-brainers, but there are plenty of others. </p><p>List here: <a href="https://www.marketwatch.com/story/a-new-twitter-ceo-and-nine-other-things-elon-musk-should-do-to-revive-tesla-investors-faith-in-stock-according-to-an-analyst-11672350353" target="_blank" rel="nofollow">A new Twitter CEO and nine other things Elon Musk should do to revive Tesla investors’ faith in stock, according to an analyst</a></p><p>Let's see how many…