Deeper Analysis
Second Quarter 2023 in Figures
June 30, 2023
Stickier inflation than elsewhere in the U.K., where the CPI remained at 8.7% in May, was reflected in a bigger increase during 2Q in long-term interest rates as well as a more aggressive 75-basis point Bank of England rate hike. In a quarter when share prices rebounded in other industrialized economies, the British Ftse closed […] More
Foreign Exchange Insights and Next Week
Next Week’s Menu: July 1 – 7, 2023
June 30, 2023
Central Banks: Monetary policies to be reviewed in Australia, Poland, and Malaysia. The Bank of Japan releases its quarterly Tankan survey of corporate conditions and expectations. Minutes will be published of the last FOMC meeting. PMI Week: Various and sundry purchasing manager surveys covering manufacturing, services and construction activities will be reported during the week. […] More
New Overnight Developments Abroad - Daily Update
Many Data to Absorb on Final Day of Second Quarter
June 30, 2023
It’s been a good Friday for equities, which closed up by 1.3% in India and 0.6% in China and South Korea. A sharper-than-forecast 1.6% drop of Japanese industrial production in May left the Nikkei with a 0.1% downtick, and Hong Kong’s Hang Seng index also slipped 0.1% on the day. However, share prices are showing […] More
