Members of the Monetary Policy Committee of the Reserve Bank of New Zealand, led by Adrian Orr, will meet tomorrow morning, Wednesday, in the Asian session, to discuss monetary policy developments and interest rates for the coming period, as markets expect an increase in interest rates by 50 basis points to reach 2% at the highest interest level since 2016...
Risk appetite improved in the markets, and currencies and assets of safe havens were subjected to selling pressure since the beginning of the week yesterday, Monday, while currencies and high-risk assets rose, as the Dow Jones Industrial Average rose more than 600 points when it closed the opening session of the week yesterday, Monday, causing damage to the US dollar,...
Total retail sales in New Zealand in the first quarter of this year ended last March decreased by 0.5%, with a total of 133 million dollars, compared to the revised reading of the fourth quarter of last year, to 8.3%, while expectations were to achieve a growth of about 0.3%. In details, sales in the auto and spare parts trade...
Will PCE decline in April? Turkish Bank meets Thursday Statements by central bank heads on the sidelines of the Davos conference What are the markets waiting for this week? After six weeks of consecutive gains for the US dollar index, the index recorded its first weekly decline when it closed for the last trading sessions last week, with a loss...
UK retail sales rose by 1.4% in April after declining by about 1.2% in March before being revised down to 1.4% to bring January's numbers better than expected, which had indicated a decline of about 0.3%. In details, sales of food stores rose in April to 2.8%, while sales of non-food stores decreased by 0.6% in April, and sales of...
The general index of the US dollar recorded declines by about 1% in mid-European trading today, Thursday, May 19, coinciding with the opening of the US markets, to trade at its lowest level in two weeks at 103.02, directly affected by the decline in US treasury bond yields, in addition to disappointing economic data from the US economy, which supported...
Australian labor market data released Thursday morning in the Asian session from the Australian Bureau of Statistics showed that the unemployment rate fell to 3.9% in April from 4% in March, the lowest level since the seventies, in line with expectations, coinciding with the decline in the participation rate in the labor market to 66.3%. On the other hand, the...
Crude prices are losing all their gains recorded at the beginning of the session today, Wednesday, May 18th, which exceeded 2% in the morning, coinciding with the rise in optimism due to the easing of the restrictions of the Corona virus in the largest consumer of crude in the world, which supports the rise in demand in the coming period,...
The CPI, which measures inflation in the United Kingdom, rose to 9% on an annual basis in April, compared to 7% in the March reading, less than expectations, which indicated a rise to 9.1, marking the highest reading in the series that began with national statistics in January 1997. On a monthly basis, the consumer price index rose by 2.5%...
The three major US stock indexes regained their gains at the close of the trading session on Tuesday, May 18th, after statements by US Federal Reserve Chairman Jerome Powell, who indicated in his appearance in the Wall Street Journal at the Future of Everything event that there are a number of paths to slow inflation without triggering a recession Economical....