Tag: Global Markets

UK labor and wage data will likely be the focus of market attention as traders analyze these reports to determine when the Bank of England will start its rate-cutting cycle. On the other hand, the Fed may not be in a hurry to start the easing cycle, as retail sales in March were higher than expected, the latest evidence of the vitality of the U.S. economy. Mary Daley, president of the Federal Reserve Bank of San Francisco, was the latest to say that the Fed is in no hurry to cut rates.

Geopolitical Tensions Could Bring New Opportunities for This U.S. Manufacturer

On Monday, European stocks looked set to follow the negative trend in Asia, led by news of escalating tensions in the Middle East and fears of a wider regional conflict. Last week, rumors of an Iranian attack on Israel raised security concerns, and now, after Iran launched an attack with some 300 drones and missiles, there are concerns about Israel's response. President of the United States of America Joe Biden told Israeli Prime Minister of Agriculture Benjamin Netanya that the United States would not be involved in a counterattack against Iran, which reduces the risk to a certain extent.

"We're not going to have enough issues to satisfy the pool of money that needs to be put into the stock market," said Josh Browne.

European markets are gearing up for a quiet start to the week, with the ECB widely expected to leave rates unchanged but may hint at when it will start cutting, while investors will analyze the latest reading of the US inflation report. Markets will also have a chance to assess US PPI data and the minutes of the Fed's March meeting, while UK GDP data will be released at the end of the week. Fed speakers such as John Williams, Mary Daly and Raphael Bostic will also be speaking this week.

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European stock markets got off to a rough start on Friday, with the futures index posting its biggest one-day drop in months, due to escalating tensions in the Middle East. Israeli Prime Minister of Agriculture Benjamin Netanyahu said that "whoever harms us or plans to harm us" will respond. Israel is preparing for possible repetitive attacks that could be triggered by a hypothetical Israeli air strike on the Iranian embassy on Monday.

Jerome Powell wants the numbers, Jerome Powell will get them. Federal Reserve matron Jerome Powell continued to play a familiar tune on Wednesday. "In his keynote address at Stanford University, he said: "Given the strength of the economy and the progress of inflation so far, we have time to let the coming data guide our policy decisions.

With Federal Reserve Chairman Jerome Powell set to speak soon, markets are skeptical that the central bank will begin easing as early as June. Money market traders disagree with the Fed and most analysts on the timing of the first rate cut of the year and the easing model. At the same time, they also lowered the expected three rate cuts in 2024, but with continued inflation and strong economic data, the Fed itself may slowly accept this view.