Daily Market Commentary 16th May 2024
US inflation was steady, meeting market expectations, drifting lower to 3.4%. This was a welcome relief to markets, following recent spikes back upwards in inflation
US inflation was steady, meeting market expectations, drifting lower to 3.4%. This was a welcome relief to markets, following recent spikes back upwards in inflation
Equities in Europe and the US continue to rise, while bond yields and the US Dollar drift lower. The Federal Reserve Chairman Powell has restated
Markets opened the trading week quietly, as is the trend lately, with no major data releases scheduled. The major points of interest in the coming
Equity markets closed out yet another strong week of gains, especially European bourses, which broke into record territory. The fuel for the rally was the
The Bank of England left rates unchanged, as did the Central Bank of Poland, in line with expectations and the Fed. The BofE is coming
Markets sentiment remains strong, with equities rising for more than a week, in both Europe and the USA, while bond yields continue to drift lower.
European and US equity markets continued to rally strongly, supported by the growing confidence in Central Bank rate cuts and the conquest over inflation. The
The weaker than expected Non-Farm Payroll number released Friday boosted market confidence that interest rate cuts would come sooner rather than later. The weaker than
The important Non-Farm Payrolls missed expectations Friday, coming in at 175,000 jobs added, from an anticipated 250,000. The headline unemployment rate jumped up to 3.9%
Markets digested the Fed’s latest interest rate decision, to hold rates steady, following the initial surge in market confidence. The initial surge in market sentiment
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