
Daily Market Update 15/08/2022
“Global shares struggled to advance this morning, with investors digesting news of an unexpected cut in Chinese interest rates, as data pointed to declining growth
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“Global shares struggled to advance this morning, with investors digesting news of an unexpected cut in Chinese interest rates, as data pointed to declining growth
“World stocks are headed for a fourth straight week of gains this morning as investors cleared their views on how far US interest rates can
“The greenback fell by over 1% in the aftermath of US CPI inflation report release for July – headline inflation rate fell by 8.5% against
“US CPI inflation due out today will likely have a key bearing on whether the FED hikes rates by a further 50bps or 75bps at
“US headline inflation is projected to fall in the next three months, but core measures are likely to stay uneasy as the Federal Reserve urges
“Friday’s stronger than expected US non-farm payrolls, 528,000 in July against expectations of 250,000 added to the case for more Fed monetary tightening. Trades are
“The dollar edged higher this morning ahead of US jobs data, while sterling eased only a day after the Bank of England’s decision to raise
“The US dollar clung onto recent gains this morning, on account of proposals by the Federal Reserve to slow the pace of rate hikes. Meanwhile,
“The dollar hit its lowest level since mid-June against the Japanese yen, as investors weighed-in increased likelihood that the Federal Reserve will not raise interest
Main Headlines Ahead of the Bank of England meeting, we can see below how the market’s expectations for the Bank of England’s biggest rate hike
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