Risk tones keep calmer so far on the day
US-China tensions weighed on sentiment yesterday all before Pelosi’s arrival in Taiwan and that lit up the animal spirits in markets. Wall Street still closed the day on a softer…
Eurostoxx futures -0.7% in early European trading
German DAX futures -0.7% UK FTSE futures -0.6% Spanish IBEX futures -0.7% This mirrors the softer mood seen in US futures, with S&P 500 futures down 17 points, or 0.4%,…
Germany June retail sales -1.6% vs +0.2% m/m expected
Prior +0.6%; revised to +1.2% Retail sales -8.8% vs -8.0% y/y expected Prior -3.6%; revised to +1.1% The only bright spot was a revision to the May figures and the…
Presiden Biden tests positive for covid again
Biden appeared to emerge from a mild case of covid last week after a round of Paxlovid treatment but the virus returned today. There was a time when the President…
The Bank of Russia noted an increase in the number of complaints against credit institutions due to sanctions
In the first half of 2022, the number of complaints against financial institutions increased by 36%, to 198.5 thousand, the main reason was the impact of sanctions on the work…
Stellantis: Less power over car prices in 2023, Tavares says
The chief executive of Stellantis expects a gradual normalization of semiconductor supplies in 2023, reducing the imbalances that have allowed him to raise the price of his cars and post…
The Central Bank imposed a temporary ban on the sale of securities purchased in the Russian Federation by foreigners
From February 28, the Bank of Russia imposed a temporary ban on brokers from executing transactions for the sale of securities on behalf of non-residents of the Russian Federation, the…
GBP/USD: BULLS GATHER STRENGTH TO TAKE ON 50 DMA AHEAD OF US GDP
GBP/USD firming up amid less hawkish Fed outcome. Rallying yields trigger a fresh rebound in the US dollar. GBP bulls aim for the 50 DMA ahead of the US Q2…
BOJ’s Amamiya: Fed policy decision has no bearings on BOJ policy moves
Hopes that Fed curbs inflation while achieving stable US growth That is important not just for US but for global economy Fed policy decision won’t directly affect BOJ policy moves…
BTC/USD Forecast: Bitcoin Looks Soft
The BTC/USD pair drifted a bit lower Tuesday as we continue to see a lot of hesitation. Bitcoin has no real chance of rallying for a bigger move until the financial situation…