South Africa CPI
Stock Market Interference
February 21, 2024
China’s government introduced a new weapon to prop of their stock market, a ban on net selling at daily market openings and closings. The Hang Seng and Shanghai composite indices consequently closed up 1.6% and 1.0%, but stock market indices in Singapore, Australia, India, Thailand and Japan closed down by 0.8%, 0.7%, 0.6%, 0.4% and […] More
Weak Data Depresses Long-Term Interest Rates but Not Equities… Dollar Strengthens
August 23, 2023
Ten-year sovereign debt yields dropped overnight by 10 basis points in the U.K., 7 basis points in Germany and 4 basis points in the U.S.. The British FTSE recovered 0.7%. Continental European equities and U.S. stock futures are barely changed. The dollar climbed above Tuesday closing levels by 0.8% relative to sterling, 0.4% versus the […] More
FOMC Meeting and Putin’s Reservist Mobilization Overhang an Edgy Day
September 21, 2022
The FOMC announcement at 14:00 EDT will be accompanied by updated macroeconomic forecasts and followed by Chairman Powell’s press conference starting at 14:30 (18:30 GMT). Officials are expected to raise the federal funds target by 75 basis points, bringing the increase since June to 225 bps and establishing the highest target level (3.0-3.25%) since a […] More
