When asked if there had been any change in policy after Monday’s comments that the US would engage militarily to defend Taiwana self-governing island claimed by China, the President Joe Biden Said no”. China’s Foreign Ministry warned the US not to underestimate its resolve on Taiwan following Biden’s comments the day before. market reaction The […]
Tag: United States
US: National Activity Index rises to 0.47 in April from 0.36 in March.
The Chicago Fed National Activity Index rose to 0.47 in April from 0.36 in March. It has been stable near 0.50 since the beginning of the year. There was no market reaction. The US national activity index rose to 0.47 in April from 0.36 in March, data released by the Federal Reserve Bank of Chicago […]
China’s Foreign Ministry warns the US not to underestimate its resolve on Taiwan
In response to US President Joe Biden’s comments on Taiwan, the Chinese Foreign Ministry spokesperson stepped in with a warning, citing that “no one should underestimate the firm resolve, firm will and strong ability of the Chinese people to uphold national sovereignty and territorial integrity“. Asked during a Monday press conference in Tokyo whether the […]
US politics and risk aversion are factors favoring dollar strength — Janet Yellen
When asked about the strength of the dollar, US Treasury Secretary Janet Yellen said they were committed to market-determined exchange rates, Reuters reports. “The tightening of US monetary policy and risk aversion are factors that favor the strength of the dollar,” added Yellen. Other points to consider “The assets of the Russian central banks are […]
JOLTS job openings rise to 11.549 million in March vs. 11 million expected
There were 11.549 million job vacancies in the US as of late March, revealed the latest vacancy data release from Tuesday’s employment JOLTs from the US Department of Labor., a new record. This figure was higher than the 11.344 million job openings at the end of February (an estimate that had been revised upwards from […]
University of Michigan Consumer Sentiment Index falls to 65.2 in April (final) vs. flash estimate of 65-7
The UoM headline Consumer Sentiment Index was slightly lower than the preliminary estimate, but still much higher than last month. Currency markets did not react to the latest UoM data, which was close to expectations. According to the final version of the University of Michigan (UoM) Consumer Sentiment survey, the main Consumer Sentiment Index for […]
More shocks likely to “challenge the economy”
The US Secretary of the Treasury, Janet Yellenwarned Thursday that the coronavirus pandemic and the war between Russia and Ukraine pose risks of major economic shocks, with recessions “likely to continue to challenge the economy”according to AP News. Featured Statements “With large negative shocks unavoidable, policymakers have learned from the Great Recession that it is […]
EUR/USD trims losses and reclaims 1.0500 level after US GDP.
EUR/USD recovers the area above the 1.0500 level. Germany’s flash CPI was 7.4% yoy in April. The single currency leaves the area of recent lows and encourages EUR/USD to advance beyond 1.0500 after unexpected results in the US calendar. EUR/USD bounces away from lows after US data. EUR/USD is now attempting a tepid rebound after […]
Three Reasons Stock Markets Remain Vulnerable – Morgan Stanley
Investors may be making wrong forecasts about the path of inflation, monetary policy and corporate earnings. Lisa Shalut, chief investment officer and director of asset management at Morgan Stanley, discusses what it could mean for the markets. Inflation will soon start to cool down “We should not rule out the potential for persistent inflation. Rents […]
The S&P/Case-Shiller home price index rose 20.2% year-on-year in February versus an expected 19.0% rise
According to the last S&P/Case-Shiller house price index published by Standard & Poors (S&P), house prices rose 20.2% yoy in February, above expectations for a 19% increase and above January’s 19.2% yoy increase. The main index showed that house prices increased by 2.4% mom in February, above the expected increase of 1.5% and the increase […]
