Market Pulse - Currencies
Summer bear rally bandwagon on the move on 'peak inflation' talk, BoA says
It's off to the races with a summer bear market rally bandwagon growing, one of Wall Street's top-rated strategy teams said.
US durable goods orders rise by less than expected in April
Orders in the US for goods made to last more than three years grew a bit less quickly than expected last month.
US economic growth slows more than expected in May, PMIs show
Economic activity in the US slowed by more than expected in May, amid heightened price pressures, slowing supplier deliveries and softer demand, the results of two closely-followed surveys revealed.
US new home sales register sharp slump in April
New home sales in the US fell by far more than economists had anticipated in April.
Euro area PMIs miss forecasts in May, but economy resilient
Euro area economic growth was resilient in May despite being buffeted by multiple headwinds, the results of three closely-followed surveys revealed.
ECB won´t be rushed on raising rates, Lagarde says
The European Central Bank does not need to rush interest rate hikes because inflationary pressures were coming from the so-called supply side of the economy, Christine Lagarde said.
Euro area interest rates may no longer be negative by end of September, ECB's Lagarde says
Interest rates in the single currency area may well be out of negative territory by the end of September, the head of the European Central Bank said.
US housing starts fall more quickly than expected in April
Homebuilding activity in the States weakened more than expected last month.
US retail sales jump past forecasts in April
Americans continued splashing out much more than expected last month, especially on automobiles.
ECB's Knot opens door to possible 50bp interest rate hike
One of the European Central Bank's most hawkish officials opened the door to a possible 50bp interest rate hike if needed.
Synairgen posts positive clinical trial data for SNG001
Shares of Synairgen caught a bid following the release of clinical trial results which appeared to show that its SNG001 formulation against Covid-19 might lower the risk of severe disease or death in the most at risk patients.
Chinese economy slows sharply in April as Covid-19 restrictions bite
China's economy slowed much more sharply than anticipated last month as Covid-19 mobility restrictions hampered growth, piling the pressure on policymakers in Beijing - right up to the top according to some accounts.
US consumer confidence falls further amid high petrol prices, rout in stock market
Americans' confidence in the economy and their finances fell further in the beginning of May, the results of a closely-followed survey revealed.
BoA sees some 'good news' for those expecting a 'bear bounce' over next few weeks
Strategists at Bank of America saw signs of "good news" amid the carnage in crypto and in speculative technology for those investors holding out for a "bear bounce" during the following weeks.
Sector movers: US inflation data, rate hike talk trigger dollar strength and falls in miners and financial stocks
Drops in commodity stocks dragged the FTSE 350 lower and saw the top-flight index underperform as another wave of risk aversion swept over financial markets triggered by a mixed reading on producer prices Stateside.
Two more ECB rate-setters flag support for July rate hike
Two more top policymakers at the European Central Bank said they favoured starting to hike interest rates as soon as July.
US CPI dips in April, but by less than expected as food costs jump
The cost of living in the US dipped last month, but not by as much as anticipated as food prices continued to run up.
Wednesday preview: US, China CPI in the spotlight
The market spotlight on Wednesday will be firmly on the US and whether consumer price inflation did indeed peak in April as some economists have posited.
US non-farm payrolls rise a bit faster than expected in April
Hiring in the US continued growing at a steady pace last month.
Sector movers: Commodities outperform despite US dollar strength
Oil&Gas topped the leaderboard again on Thursday despite it being of a rollercoaster day for crude oil futures, the latter in part due to US dollar strength.