Monthly Archives: May 2024
Eye on the Horizon: Market Anticipate Inflation Data Ahead
Written on May 10, 2024 at 7:20 am, by
Tuesday, 14th May 2024, 14:30 – US PPI (YoY) (Apr) The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. This indicates significantContinue Reading
Hawkish Fed’s Comment Strengthen The Dollar
Written on May 9, 2024 at 5:51 am, by
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. On the currencyContinue Reading
Yen Drop on Japan FX Officials Comment
Written on May 9, 2024 at 5:50 am, by
Market Summary The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan’s Nikkei 225 index surged over 1% this morning upon returning from Monday’sContinue Reading
