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Economy
S&P 500 outlook after Fed minutes: ‘we’re in a bad seasonal stretch’
August 18, 2023 09:17 AM AEST| By InvezzInflation has come down sharply in recent months but most members of the Federal Open Market Committee continue to see a possibility of further rate hikes ahead, as per minutes of the July meeting. Cameron Dawson shares her view on S&P 500 Consum...
U.S. inflation data today: ‘some cooling is warranted in this environment’
August 11, 2023 12:39 AM AEST| By InvezzS&P 500 is trending up this morning after the U.S. Bureau of Labour Statistics said inflation remained within expectations in July. Emily Roland shares her view on U.S. stocks Versus a year ago, consumer prices were up 3.2% last month versus 3.3%...
3 bearish takes after the July NFP report
August 06, 2023 08:06 PM AEST| By InvezzThe Non-Farm Payrolls (NFP) report released last Friday was the highlight of the trading week. The US economy added 187k new jobs, and the unemployment rate dropped to 3.5% from 3.6%. Economists expected 205k new jobs for the month, so one may say th...
U.S. jobs data today: Matt Maley says the S&P 500 is ‘expensive’ at current levels
August 05, 2023 12:35 AM AEST| By InvezzS&P 500 is trading up this morning after the Bureau of Labour Statistics said the U.S. economy did not add as many jobs last month as expected. Jobs still grew month-over-month Nonfarm payrolls increased by 187,000 in July versus the economists&#...
Was Fitch Ratings right to downgrade USA’s triple-A rating?
August 02, 2023 02:00 PM AEST| By InvezzFitch, the ratings agency owned by Hearst, made an important announcement that will have a major impact in finance. The company, one of the big three, decided to lower America’s credit rating from AAA to AA+. Other agencies like Moody’s and S&P G...
Russell 2000 forecast – is a bullish breakout imminent?
July 31, 2023 06:36 PM AEST| By InvezzWhen the Federal Reserve of the United States made it clear that it would not compromise on its fight against inflation, many investors feared that the stock market would be the first to react. It did. But all the dips have been bought. Regardless of...
Hightower’s Link shares her view on S&P 500 after U.S. PCE data today
July 29, 2023 02:26 AM AEST| By InvezzS&P 500 is trending up today after the U.S. Bureau of Labour Statistics said the core personal consumption expenditures price index rose in line with expectations in June. Stephanie Link remains bullish on equities For the month, the Fed’s...
FOMC decision today: ‘people are starting to chase this rally a bit too much’
July 27, 2023 06:00 AM AEST| By InvezzThe U.S. Federal Reserve just announced another 25 basis points hike that pushed its key rate to a level not seen in more than 22 years. What does it mean for the equity investors? Still, the S&P 500 is responding somewhat positively primarily be...
Should you buy the euro ahead of the ECB’s interest rate decision?
July 24, 2023 09:15 PM AEST| By InvezzThree major central banks will release their policy decisions this week – the Federal Reserve of the United States (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ). Naturally, market participants try to take advantage of econ...
USD/JPY, EUR/JPY price forecast after Japan’s inflation accelerates in June
July 21, 2023 06:23 PM AEST| By InvezzThe last trading day started with a bang for JPY traders. Earlier in the day, the National Core CPY YoY was released in Japan, showing that inflation accelerated to 3.3% annually. The value is above the Bank of Japan’s definition of price stabi...
IBEX 35 price forecast ahead of the Spanish elections
July 20, 2023 07:34 PM AEST| By InvezzOn Sunday, July 23, Spain will vote in a general election that sparked many controversies. The left (PSOE) is challenged by the right (PP) in what appears to be a fight that might lead to a new government. A lot is at stake, and the outcomes are far...
GBP/USD, EUR/GBP diverge as UK consumer inflation dives
July 19, 2023 04:36 PM AEST| By InvezzUK consumer and producer inflation dropped in June as prices of most items retreated. The headline consumer price index (CPI) dropped from 0.7% in May to 0.1% in June. This decline was steeper than the estimated 0.4%. UK inflation slips The decline t...
China’s yuan (CNY/USD) slips as China’s youth unemployment soars
July 17, 2023 02:15 PM AEST| By InvezzThe Chinese yuan slipped modestly on Monday after the latest China GDP, employment, and industrial production data. The closely-watched USD/CNY price jumped to 7.16, higher than last Friday’s low of 7.1192. According to the statistics age...
UK GDP contracted by 0.4% in May as trade deficit widened
July 13, 2023 04:07 PM AEST| By InvezzThe UK economy contracted in June as the cost of living crisis escalated. According to the Office of National Statistics (ONS), the economy contracted by 0.1% in May after it expanded by 0.2% in April. It contracted by 0.4% from the same period in 20...
U.S. inflation data today: Janet Mui remains ‘cautious’ on S&P 500
July 12, 2023 11:54 PM AEST| By InvezzS&P 500 opened up this morning after the U.S. Bureau of Labour Statistics said inflation continued to decelerate in June. Pro shares her view on the S&P 500 index Versus a year ago, consumer prices were up 3.0% last month versus the Dow Jones...
US mortgage rates are soaring as Fed rate hike bets rise
July 12, 2023 09:43 PM AEST| By InvezzUS mortgage rates continued rising as investors price in further Fed interest rate hikes. Data published by Mortgage Bankers Association revealed that the 30-year mortgage rate jumped to 7.07%, the highest level since 2022. The weekly mortgage figure...
Tom Lee explains how the S&P 500 may react to the CPI print
July 10, 2023 11:48 PM AEST| By InvezzS&P 500 will likely recover last week’s decline after the inflation data on the coming Wednesday, says Tom Lee – the Founder of Fundstrat Global Advisors. Lee’s expectations for the CPI print this week Lee expects the monthly co...
US weekly jobless claims rebound ahead of BLS’s employment situation report
July 06, 2023 11:56 PM AEST| By InvezzFollowing last week’s historic drop in weekly (initial) jobless claims, marking the sharpest slide in 20 months, the closely-watched measure rebounded to 248,000 in the week ending July 1, potentially flagging a slowing labour market. Initial j...
Cooling China Caixin PMIs suggest that “recovery has yet to find a stable footing”
July 05, 2023 04:11 PM AEST| By InvezzFollowing the government’s tepid PMI numbers which were released last week, the Caixin China PMIs moderated since May 2023. Caixin China General Composite PMI In Caixin’s latest release, the combined gauge of business activity (inclusive...
Should you buy or sell US stocks following June PMI Manufacturing data?
July 04, 2023 09:05 PM AEST| By InvezzToday is Independence Day in the United States, and US banks are closed. As such, market participants should not expect much from the upcoming North American session. Yesterday was a slow day, too, as many people preferred to take a long weekend in l...
