Current Market Analysis

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is modest this week, with the key focus on Fed Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday. Macro Data Watch: The main macro data release this week is the US CPI on Wednesday and US PPI … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Bank of England Interest Rate Decision, Monetary Policy Report and Minutes on Thursday. Macro Data Watch: The main macro data releases this week are the Global PMI on Monday and Wednesday and the … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Federal Reserve Interest Rate Decision, Monetary Policy Statement and Press Conference on Wednesday. Other releases of note are Bank of Japan Monetary Policy Meeting Minutes on Wednesday, the Bank of Canada Interest Rate … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Geopolitical Watch: Monday, January 20, marks the federal holiday honoring Rev. Martin Luther King Jr., with US equity, bond and futures markets closed or having altered hours. Monday also sees the inauguration of President-elect Donald Trump. Central Bank Watch: The main central bank activities this … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central Bank activities this week are modest, with key focus on speeches from Fed officials. Macro Data Watch: The main macro data release this week is the US Inflation data on Tuesday (PPI) and Wednesday (CPI) . Some other releases of note … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the US Federal Open Market Committee Minutes on Wednesday. Geopolitical Watch: US markets will be closed on Thursday in honor of former U.S. President Jimmy Carter. Macro Data Watch: The main macro data release … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the Bank of Japan and Reverse Bank of Australia Monetary Policy Meeting Minutes on Tuesday. Macro Data Watch: The main macro data releases this week are the US US Consumer Confidence, plus the UK … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Federal Reserve Interest Rate Decision, Monetary Policy Statement; Economic Projection, Press Conference and Interest Rate Projections all on Wednesday. Some other activities of note are the Bank of Japan Interest Rate Decision and … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: A busy week for central banks, with the Reverse Bank of Australia Interest Rate Decision and Rate Statement on Tuesday, then the equivalent from the Bank of Canada on Wednesday and from the European Central Bank (ECB) on Thursday. Macro Data Watch: … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is very modest this week. Key focus will be on the speeches from the Fed members. Macro Data Watch: The main macro data releases this week are the Global PMI on Monday and Wednesday and the US Employment Data … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the US FOMC Minutes on Tuesday. Macro Data Watch: The main macro data release this week is the US PCE on Wednesday. Other releases of note are the US Consumer Confidence on Tuesday, US … Continued

The Federal Reserve believes inflation is no longer a concern for consumers and the time has come to ensure the rate of change of prices does not decline any further. To this point, Susan Collins, the Boston Federal Reserve President, said recently that if you take out food, energy, and shelter, inflation is pretty much … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are Reverse Bank of Australia Meeting Minutes on Tuesday and People’s Bank of China Interest Rate Decision on Wednesday. Macro Data Watch: The main macro data released this week are the global Flash PMI on … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: There is no central bank activity of note this week, with the focus back on Fed speakers after the recent blackout period before the FOMC Meeting last week, with the standout on Thursday as Powell speaks. Macro Data Watch: The main focus … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week is the Federal Reserve Interest Rate Decision and Monetary Policy Statement on Thursday. Some other activities of note are the Reverse Bank of Australia Interest Rate Decision and Monetary Policy Statement on Tuesday, Bank of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Bank of Japan Interest Rate Decision and Monetary Policy Statement on Thursday. Macro Data Watch: The main macro data release this week is the US Employment Report on Friday. Some other releases of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are People’s Bank of China Interest Rate Decision on Monday, and the Bank of Canada Monetary Policy Statement and Interest Rate Decision on Wednesday. Macro Data Watch: The main macro data release this week is … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the European Central Bank Monetary Policy Statement and Bank of England Monetary Policy Report Hearing on Thursday. Macro Data Watch: The main macro data releases this week are the Chinese, UK and Japanese CPI, … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Federal Open Market Committee Minutes on Wednesday. Macro Data Watch: The main macro data release this week is the US CPI data on Thursday. Some other releases of note are the German CPI, … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is modest this week, but with Fd speakers still in the spotlight, notably Powell on Monday. Macro Data Watch: The main macro data releases this week are the global PMI which are released Tuesday and Thursday, and of course … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the Reserve Bank Australia Interest Rate Decision and Rate Statement on Tuesday and the same from the Swiss National Bank (SNB) on Thursday, along with the Bank of Japan Monetary Policy Meeting Minutes and … Continued

The FOMC meeting and press conference for September was projected to be a dovish one. Fed Chair Powell was expected to cut rates by 50 bps. The preponderance of Wall Street lackeys were busy begging for a series of immediate and deep reductions in borrowing costs. Some in D.C., like Senator Elizabeth Warren, were obsequiously … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activity this week is the Federal Reserve  Interest Rate Decision and Monetary Policy Statement on Wednesday and the Bank of England Interest Rate Decision and Monetary Policy Report on Thursday. Some other activities of note are the Bank … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week is the European Central Bank Monetary Policy decision, statement and press conference on Thursday. Macro Data Watch: The main macro data release this week is the US CPI data on Wednesday. Some other releases of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main Central Bank activity this week is the Bank of Canada Interest Rate Decision and Monetary Policy Statement on Wednesday. Macro Data Watch: The main macro data release this week is the US Job data on Friday. Some other releases of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: No significant central bank activity this week, but Fed speakers will be key as always. Macro Data Watch: The main macro data release this week is the US PCE data on Thursday and Friday, with Friday’s data key. Some other releases of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main focus will be on FOMC Minutes on Wednesday and Jackson Hole Symposium from Thursday. Other central bank activities this week are the People’s Bank of China Interest Rate decision on Tuesday and the  Reserve Bank of Australia Meeting Minutes also … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: A light week for central banks, we get the Bank of Japan Monetary Policy Meeting Minutes on Monday and the Reserve Bank of Australia Interest Rate Decision and Monetary Policy Statement on Tuesday. Macro Data Watch: A quiet week for macroeconomic data, … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the Bank of Japan Interest Rate Decision and Monetary Policy Statement on Tuesday,  Federal Reserve Interest Rate Decision and Monetary Policy Statement on Wednesday and the Bank of England Interest Rate Decision, Monetary Policy … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the The People’s Bank of China Interest Rate Decision on Monday and the Bank of Canada Interest Rate Decision and Monetary Policy Statement on Wednesday. Macro Data Watch: The key macro data releases this … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank focus will be on the ECB Interest Rate Decision and Monetary Policy Statement on Thursday. Macro Data Watch: The main macro data releases this week are inflation data from the UK, EU, Canada and Japan, Retail Sales from China, Germany … Continued

Global debt has soared to a record $307 trillion, rising by a staggering $100 trillion over the past decade, and now represents 340% of world GDP. This is why there is no easy escape from the upcoming recession. The salve to bring economies back after a drop in asset prices and contraction in growth has … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Fed Chair Powell testifies to Congress on Tuesday. The only other central bank activity of note is the Reserve Bank of New Zealand Interest Rate Decision and Monetary Policy Statement on Wednesday. Macro Data Watch: The main macro data release this week … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is light this week with the focus on Fed speakers. Macro Data Watch: The main macro data releases this week are the global CPI data throughout the week. But the main focal points for the week will be the … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank focus will be on the RBA Interest Rate Decision on Tuesday, BoJ Monetary Policy Meeting Minutes Wednesday and PBoC and SNB Interest Rate Decisions on Thursday. But the main spotlight is on the BoE Interest Rate Decision and Monetary Policy … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week is the FOMC Interest Rate Decision and Policy Statement on Wednesday. One other release of note is the Bank of Japan Interest Rate Decision and Policy Statement on Friday. Macro Data Watch: The main macro … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The main central bank activities this week are the Bank of Canada Interest Rate Decision and Policy Statement on Wednesday and the EU Monetary Policy Statement on Thursday. Macro Data Watch: The main macro data released this upcoming week are the global … Continued

The recent spate of economic data continues to point to a weakening economy, but one that is not yet precipitously falling into recession. The Philly Fed Index was released late last week. The diffusion index for current general activity declined 11 points to 4.5 in May. The index for new orders declined from 12.2 to … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is light this week but watching Fed speakers in the last week before the FOMC External Communications Blackout Period from 1st June. Macro Data Watch: The main macro data releases this week are the German CPI data on Wednesday, … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank focus will be on the PBoC interest rate decision Monday, the RBA Meeting Minutes Tuesday and the RBNZ interest rate decision Tuesday. But the main spotlight will be on the FOMC Meeting Minutes Wednesday, as well as Fed speakers through … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Central bank activity is modest this week. The key focus will be the Fed speakers after the release of the US CPI data on Wednesday. Macro Data Watch: The main macro data release this week is the US CPI data on Wednesday. … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: The most important central bank activities this week are the FOMC Minutes on Wednesday ECB Monetary Policy Decision and Statement on Thursday. We will also observe the RBNZ and BoC Interest Rate Decisions and Statements Wednesday. Macro Data Watch: Global CPI data … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: No Central Bank activity of note, but we are watching for further indications for the path of future US interest rates from FOMC speakers. Macro Data Watch: Global PMI data is released through the week, with the US ISM PMI data of … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: No Central Bank activity of note, but we do get the Bank of Japan Monetary Policy meeting minutes on Monday. This should give further insight after last week’s interest rate hike. Plus, after last week’s Fed meeting we are watching for further … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: A busy week for Central Banks highlighted by interest rate decisions from the BoJ and RBA Tuesday, the PBoC and FOMC Wednesday and the BoE Thursday. Macro Data Watch: Lots of data to be released this week with the focus being global … Continued

What to expect from US Industrial Production data Scheduled for release at 14:15 GMT on Friday, March 15, the US Industrial Production data for February is highly anticipated by economists, policymakers, and investors. This report provides crucial insights into the performance and trends within the manufacturing, mining, and utility sectors, offering valuable indications of economic … Continued

What to expect from US PPI data The upcoming US Producer Price Index (PPI) report, scheduled for release on Thursday, March 14th at 13:30 GMT, is poised to offer critical insights into inflationary pressures within the economy, particularly at the producer level. Analysts’ consensus estimates for February’s PPI report indicate expectations for modest inflationary growth. … Continued

What to Expect from the US CPI Report Scheduled for release on March 12th, 2024, at 12:30 GMT, the US Consumer Price Index (CPI) report for February is poised to attract significant attention from economists, policymakers, and investors alike. This report offers crucial insights into inflationary trends, guiding monetary policy decisions and shaping market expectations. … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: Nothing of note from central banks this week, but as ever Fed speakers must be watched. Macro Data Watch: The standout data for the week will be US CPI on Tuesday, plus we also get the UK Employment report and German CPI … Continued

What to Expect from the US Employment Report As anticipation builds for the release of the US Employment Report, economists and market analysts are closely scrutinising various indicators to gauge the health of the labour market and broader economy. Here’s what to expect from the upcoming report based on recent data and expert forecasts. Economists … Continued

The UK Spring Budget is a pivotal event in the nation’s fiscal calendar, where the Chancellor of the Exchequer outlines the government’s taxation and spending plans for the upcoming financial year. This annual presentation typically occurs in March and serves as a platform for the Chancellor to address Parliament and the public, detailing key economic … Continued

Current Climate: US Economy and Fed Speakers Outlook Federal Reserve officials have recently conveyed a cautious stance regarding the possibility of swift interest rate cuts, reflecting their assessment of the current state of the US economy. Governor Michelle Bowman, among others, emphasised the importance of maintaining the policy rate steady, citing potential risks to inflation … Continued

What to Expect from the UK Budget Report The UK Budget Report, scheduled for presentation by Treasury Chancellor Jeremy Hunt on Wednesday, 6th March at 12:30 GMT, is poised to address critical fiscal and economic matters impacting the nation. Traditionally, the Budget serves as a roadmap for the government’s financial plans for the upcoming fiscal … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: A notable week for central banks, as we see the Bank of Canada (BoC) interest rate decision Wednesday, followed by the European Central Bank (ECB) Interest Rate decision, Statement: and Conference Thursday. Plus, an important focus will be as Fed Chair Jerome … Continued

What to Expect from US PMI data The upcoming release of US PMI data is highly anticipated by analysts and investors, providing crucial insights into the performance of the manufacturing sector. S&P Global is set to release its Manufacturing PMI for February at 2:45 GMT, with expectations hovering around 51.5, matching the flash estimate reported … Continued

What to Expect from the US PCE Data The upcoming US Personal Consumption Expenditures (PCE) data release, scheduled for 13:30 GMT on Thursday, February 29th, is expected to provide insights into the trajectory of inflation in the United States. Economists anticipate that the report will confirm January’s setback in the battle against rapid cost-of-living increases. … Continued

What to expect from the US GDP data The upcoming first revision of Q4 US GDP data, scheduled for Wednesday, February 28th at 13:30 GMT, is highly anticipated as it provides a comprehensive assessment of the nation’s economic performance during the fourth quarter. This data, released by the US Bureau of Economic Analysis, offers insights … Continued

What to expect from the US Durable Goods data Investors and economists eagerly await the release of the US Durable Goods data, scheduled for 13:30 GMT on Tuesday, February 27th. The report by the US Census Bureau provides crucial insights into the health of the manufacturing sector and broader economic activity in the United States.  … Continued

Macroeconomic/ geopolitical developments Global financial market developments Key this week Central Bank Watch: A very quiet week for central banks, but we do see the Reserve Bank of New Zealand interest rate decision Wednesday. Macro Data Watch: The focus this week will be on German Gfk Consumer Confidence, Retail Sales, Unemployment and CPI, US Durable … Continued