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Economic Updates

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Economic Updates

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Hot PPI and Hawkish Fed Speak Hit Stocks, Gives USD a Boost

A hotter than expected PPI figure combined with hawkish statements from Fed members and a fall in jobless claims saw risk assets take a hit in Thursdays US session. Headline PPI came in at an increase of 0.7% month on month (0.4% expected) while a drop in unemployment claims showed how resilient the US economy is despite the Feds recent tighteni...

February 17, 2023
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US stocks rally on light news day ahead of CPI figures

US stocks gained throughout the session as they turned risk on ahead of Tuesday’s CPI figure which is expected to show a moderating of inflation causing investors to hope of a less aggressive Federal Reserve going forward. Tech led gains as the sector most sensitive to market sentiment, the Nasdaq finishing up 1.48% with the Dow and S&P 500 n...

February 14, 2023
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Navigating the US CPI data release

The Federal Reserve's latest decision to hike rates by 25bps, taking the US Federal Funds Rate to 4.75%, saw the DXY trade lower from the 101.70 price level, down to a low of 100.82. This move lower was primarily due to comments from Fed Chair Powell, indicating that the disinflation process has started and that he expects significant declines in i...

February 14, 2023
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“Deflationary process has begun” as Federal Reserve increase Funds rate by 25 bps

The US equities market has had a sharp rise to end the trading session as the Federal Reserve announced a 25-bps interest rate rise. Whilst the market had mostly priced in the 25-bps rise, it was the associated commentary that gave the market a boost. Fed Chairman, Jerome Powel made it clear in his statement and press conference that the Fed is ...

February 2, 2023
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Week Ahead :FOMC meeting looms as next major catalyst

All eyes will be on the Federal Reserve this week as they meet again to decide on the next set of interest rate hikes. The Fed is expected to raise rates by 25 bps with the accompanying statement providing important insight as to their sentiment going forward. The question to be answered will be whether a recession will be avoided, or inflation is ...

January 30, 2023
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Technology sector facing cuts, but is it a good thing for investors and traders?

The technology sector saw some of its worst losses in 2022 as inflation ramped up and Central Banks were tasked with increasing interest rates to fight the record high inflation. As the cost of borrowing has increased, start-ups and other small cap, growth sectors have suffered immensely. The current Federal Reserve funds rate is 4.25-4.50% which i...

January 25, 2023
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Market continues to consolidate as technology sector begins to rev its engines

The equities market continues to show positive signs as hopes for a pivot from the major central banks continued. The Nasdaq closed the week 0.72% higher and had a powerful Friday session in which jumped 2.66% higher. The S&P 500 dropped 0.66% lower and the Dow Jones fell by 2.70% for the week as the market shifted back into higher growth asset...

January 23, 2023
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Equities remain strong after modest CPI figures

Equities remain strong after modest CPI figures   The global equities market remains solid after modest CPI and inflation figures were recorded for the most recent month in the USA. The Dow Jones closed the week 2.00% higher, the S&P500 2.67% and the Nasdaq 4.55% as risk sentiment improved. The country recorded negative m/m growth o...

January 16, 2023
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The US equities market at a tipping point after CPI data

The US markets are at a tipping point after CPI figures point to slowing growth and a potential pivot from the Federal reserve. The US released its updated CPI figures overnight as the data pointed to lower inflation and slowing growth. The Federal reserve may be buoyed by this data as it highlights that its interest rate hikes have been working to...

January 13, 2023
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2022 was the worst year ever for Bonds so will 2023 be better?

2022 was the worst year ever for Bonds so will 2023 be better? Government bonds, thought as the safest investment had their worst yearly performance ever in 2022 according to analysis conducted by Edward McQuarrie professor at Santa Clara University. When referring to the performance of bonds it is specifically considering the decrease in price of...

January 11, 2023
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Week Ahead: Market shows early signs of reversal ahead of CPI

Market shows early signs of reversal ahead of CPI   The equities market began the 2023 calendar year with some late momentum as the US employment data came back softer than expected. Wage growth grew less then with a 0.3% rise vs a 0.4% expected rate. Although the unemployment rate continues to drop. The market took the overall figures a...

January 9, 2023
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2022: A review of the performance of the Stock market and a chance for a rebound in 2023?

It has been a tough year across equity markets in 2022. Most markets emerged from the Covid 19 pandemic with strong rebounds only to be hit with geopolitical conflicts and record high inflation levels. The US indices had one of their worst years indices in history. With higher interest rates causing many of the country’s growth company’s and...

December 22, 2022
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US stocks see mild gains, Yen surges, dollar dumps after BoJ surprise

US indices managed to finish in the green after breaking a four-day losing streak despite the BoJ roiling risk markets with an unexpected change to their YCC mechanism. US Dow futures were down over 250 points in the pre-market but after an impressive come back the Dow eked out a 92 point gain (+0.28%) A notable mover on in the US stock mark...

December 21, 2022
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US equities sink for 4th straight session as Santa Claus rally fizzles

US Stocks continued the sell-off from last week with the Tech heavy Nasdaq leading losses on rate and growth jitters with all three major US indexes hitting 6-week lows. Equity bulls were hoping to see the traditional end of year rally materialise, with the week running up to Christmas being positive or unchanged 15 of the last 20 years, but...

December 20, 2022
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Market sells off ahead of Christmas break

Market sells off ahead of Christmas break   It was an incredibly bearish week for global equities as markets entered the final trading days for 2022. The selloff in equities was largely due to Federal Reserve Chairman, Jerome Powell, signalling that the peak cash rate may peak at 5.1%. This came after some softer inflationary figures. Furt...

December 19, 2022
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