Daily Market Commentary 23rd April 2024
European and US equity markets rebounded strongly, as confidence flooded back into markets, following the calming of the situation in the Middles East. The heavy
European and US equity markets rebounded strongly, as confidence flooded back into markets, following the calming of the situation in the Middles East. The heavy
A fiery and volatile end to a week of turbulent trading. The Middle East appeared to be on the verge of eruption and then receded
European markets have been boosted by a range of European National Central Bankers, that have come out in support of rate cuts from the ECB,
The Fed have cautioned rates will not begin to be cut until further progress is made on inflation and that the rate must return to
Markets are on high alert, closely following the situation developing in the Middle East, which has the capacity to increase market volatility. Oil prices will
The Iranian large-scale missile/drone attack on Israel, in retaliation for Israeli attack on their Syrian consulate, raised fears over the weekend that markets may panic
US equity markets tumbled again Friday, stoked by fears of persistent inflation, which is not going away. US inflation has been on a steep decline,
The ECB left rates unchanged, as expected, but reinforced the previous narrative, that inflation easing will allow interest rate cuts. The ECB are reading the
US CPI inflation data was hotter than expected, reversing the trends lower, spiking up to 3.5%. This combined with the Fed Minutes, confirming the need
Markets were nervous ahead of the key US CPI inflation number, due out tonight. Inflation in the US is expected to spike back upwards, sending
Address
Level 7 Shortland Chambers,
70 Shortland Street, Auckland 1010
Office
NZ: 0800 338 838
AU: 1800 143 415
US: 1888 6257 833
UK: 0800 0285 834