Yearly Archives: 2023
Upcoming Data Releases Are Expected To Provide Insights Into The US Job Market
Written on June 30, 2023 at 3:33 am, by 王建军
The Week Ahead: Week of 3 July (GMT+3) Monday, 3 July, 17:00 – US ISM Manufacturing PMI (Jun) The manufacturing Purchasing Managers’ Index (PMI) in the United States has remained below the threshold of 50 for the sixth consecutive month, signalling contraction in the sector. The latest reading recorded a decline to 46.9 from theContinue Reading
Dollar Gains As Federal Reserve Unleashes Hawkish Tone
Written on June 29, 2023 at 5:19 am, by 王建军
Fed’s hawkish tone continues to spark rate hike expectations, US Dollar extend its bullish momentum. The global financial landscape is being marked by shifting monetary policies and concerns over inflationary pressures. Federal Reserve Chairman Jerome Powell’s hawkish tone has injected confidence in the US dollar, as market expectations for a rate hike in July haveContinue Reading
Equity Markets Positive After Russia Mutiny Resolved
Written on June 28, 2023 at 5:59 am, by 王建军
Geopolitical tensions eased following Prigozhin’s troops retreat from Moscow as both parties had reached consensus on certain deals. Political instability in Russia has abated as Prigozhin’s troops retreat from Moscow, leading to a positive response in equity markets, particularly the Nasdaq, which rose over 1%. Oil and gold prices declined as the situation in RussiaContinue Reading
