Financial News
- Vladimir Zernov
High business activity and faster new orders growth pushed the index to multi-month highs.
- James Hyerczyk
Annual pay growth remained steady at a 5% rate for the third consecutive month, reflecting a deceleration in wage gains alongside job creation.
- Dennis Shen
South Africa faces a period of greater political fragmentation and reduced governability, adding pressure in the face of rising economic, social and fiscal challenges that need to be addressed by the next government.
- Vladimir Zernov
Treasury yields tested weekly lows as bond traders bet on a less hawkish Fed after the release of JOLTs report.
- Dennis Shen
The challenges of dealing with rising debt and gradual de-dollarisation, which might both accelerate after this year’s presidential election, constitute growing pressure points for the sovereign rating of the US.
- Vladimir Zernov
According to the report, companies demonstrate an unwillingness to invest due to current monetary policy.
- Bob Mason
In the week ahead, the US data could influence investor bets on a September Fed rate cut as the BoC and the ECB prepare for 25-basis point rate cuts.
- Bob Mason
Investor sentiment toward the Fed rate path, US politics, and SEC vs. crypto case-related news influenced buyer demand for BTC and broader crypto market.
- James Hyerczyk
Stability in inflation and income growth suggests a steady economic environment, although slightly softer personal spending growth warrants attention.
- James Hyerczyk
Overall, the headline figure has cooled significantly from a peak of 10.6% in October 2022, languishing below 3% for the past eight straight months.
- Bob Mason
German e-commerce sales Buck the Trend with 2.9% Jump in April, limiting the downside in retail sales. The investor focus will now turn to inflation numbers.
- Bob Mason
Softer service activity and a manufacturing sector contraction in May mark uncertain times for Chinese economy.
- Vladimir Zernov
Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.
- James Hyerczyk
The deceleration in GDP growth, falling corporate profits, and slower consumer spending suggest a bearish short-term U.S. economic outlook.
- James Hyerczyk
Best Buy faces ongoing challenges in electronics demand; streamlining operations and investing in growth areas is crucial.
- James Hyerczyk
Given the weaker-than-expected revenue and cautious guidance, Salesforce’s short-term outlook appears bearish.
- James Hyerczyk
The Fed’s Beige Book signals a bearish market outlook due to high interest rates and tight credit.
- Bob Mason
Upbeat German Consumer data could delay post-June ECB rate cuts as the willingness to save slides. German inflation numbers are up next.
- Vladimir Zernov
According to the report, confidence improved among consumers of all age groups.
- James Hyerczyk
Given the persistent low inventory and steady demand, the U.S. housing market is expected to remain bullish.