The markets are awaiting later today, Wednesday, May 3rd, the US Federal Reserve meeting to announce monetary policy and interest rates, after the FONC Open Market Committee began its meeting yesterday, Tuesday, as expectations indicate that the US Federal Reserve will raise interest rates by 25 basis points, to reach 5.25% at the highest level. levels since 2007. The latest...
View MoreEstimates by Eurostat, or the statistical office of the European Union, showed moments ago that annual inflation in the eurozone rose to 7% in April in the preliminary reading, compared to 6.9% in the March reading, matching expectations. In the details, prices in the energy sector rose at an annual rate of 2.5% in April after declining by 0.9% in...
View MoreThe Reserve Bank of Australia raised interest rates by 25 basis points to reach 3.85%, contrary to expectations that they would remain stable at 3.60% at the bank's meeting that was held this morning, Tuesday, May 2nd, after keeping them unchanged at the last meeting. And the interest statement issued by the bank stated that inflation in Australia is still...
View MoreThe US Federal Reserve tops the most important events this week Markets await the meeting of the European Central Bank and the Australian Reserve Keep an eye out for US employment numbers from New Zealand and Canada Separate economic data With the entry of the month of May, attention turns during the sessions of the current week towards many economic...
View MoreThe Bank of Japan decided in its meeting that ended this morning, Friday, April 18, to keep monetary policy unchanged, as expected, by keeping the current negative short-term interest rates at -0.10%, in addition to leaving the range for the yield of ten-year bonds to move plus or minus 0.5%. The bank is buying exchange-traded funds (ETFs) for 12 trillion...
View MoreThe Gross Domestic Product of the United States of America grew in the first quarter of this year, which ended in March, in the initial reading, according to the report of the Bureau of Economic Analysis, issued just before, by 1.1%, compared to a growth of about 2.6% in the fourth quarter of last year, while expectations were for a...
View MoreFigures issued in the Asian session today, Wednesday, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, rose by 7.0% on a quarterly basis in the first quarter ending in March, compared to 7.8% in the fourth quarter of last year, down from its highest level in 30 years. While the...
View MoreThe consumer price index in Britain, which measures inflation, grew by 10.1% in the 12 months ending in March, compared to 10.4% in February, while expectations indicated a slowdown of 9.8%, while inflation decreased on a monthly basis by 0.8% in March, compared to a decrease of 1.1%. in February. The main index, excluding food and energy prices, settled at...
View MoreChina's gross domestic product, the second largest economy in the world, recorded a rebound in GDP growth of 4.5% in the first quarter of this year ending in March, according to data released this morning, Tuesday, April 18th, from the National Bureau of Statistics, compared to a growth of about 2.9% in the fourth quarter. Better than market expectations, which...
View MoreFor the second month in a row, the Bank of Canada kept the central bank in its meeting moments before the interest rate unchanged at 4.50%, as expected. The bank's interest report stated that economic growth in Canada was stronger than expected in the first quarter with the recovery of exports and consumption. The bank expects the Canadian economy to...
View More