The elephant in the room | MarketTalk: What’s up today? | Swissquote
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All major US indices advanced to fresh ATH yesterday; the S&P500 and Nasdaq 100 traded at the uncharted territory, while the Dow Jones Industrial index hit the 40’000 mark for the first time. Data showed weakness in economic activity and jobless claims hinted at loosening jobs market (although the Federal Reserve (Fed) members called for patience before rate cuts.
In China, industrial production rose more than expected, and we discuss in this episode why Chinese growth is not good news for US inflation…
In the FX, the USD index rebounded against most majors, the EURUSD sold off from an early week peak.
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More Episodes
Market sentiment was once again very different on both sides of the Atlantic. The European markets remained under the pressure of tense political environment in France, the euro was sold off against the greenback despite softer US yields but the major US indices remained bid on...
Published 06/14/24
The Federal Reserve’s (Fed) dot plot plotted one rate cut for 2024, down from three in March and the Fed revised its inflation forecasts higher. But the Fed’s announcement didn’t get more hawkish than this because the distribution of the dots was much narrower than in March, the dots also...
Published 06/13/24
Published 06/13/24
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