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Rising Bond Yields Government bond yields rising globally as investors predicted that high inflation pressures would keep interest rates high. While the Federal Reserve is anticipated to deliver another boost by July, the Reserve Bank of Australia and the Bank of Canada both surprised markets with a 25bps interest rate increase this week. Trade this … Read more

China Exports Tank In May 2023, China Exports Tank 7.5% year over year to USD 283.5 billion, reversing an 8.5% gain in April and signaling the first reduction since February and the sharpest drop in four months. As a result of insufficient worldwide demand, the most recent print was worse than the market forecast of … Read more

Will the European Economy improve? Following a downwardly revised 10.9% decline in March, factory orders in Germany unexpectedly fell by 0.4% in April 2023, missing market expectations of a 3.0% increase. This affected the European Economy. The dip in industrial orders, which was mostly caused by a drop in large-scale orders, continued for the second … Read more

US Jobs Data and NFP It is the US Jobs Data and NFP release today. Following a jump of 253K in April, the US economy is predicted to have added 190K jobs in May 2023, which would be the second-lowest record since December 2020. The industries of leisure and hospitality are projected to have added … Read more

The NBS Manufacturing PMI missed market expectations and dropped to a five-month low of 48.8 in May 2023 from 49.2 in April. The most recent data indicated that manufacturing activity had decreased for a second month in a row due to weak domestic and international demand. For the first time in four months, output decreased … Read more

United States Debt Deal As a result of the expectation that Congress will approve the debt deal, the yield on the US 10-year Treasury note dropped to 3.73% from 3.85% the previous week. In a late-Saturday phone chat, House Speaker McCarthy and President Biden came to a tentative agreement. Federal expenditure will be limited for … Read more

US Inflation The Federal Reserve’s hawkish signals and increased optimism regarding the debt ceiling negotiations supported the dollar index’s recent gain to approximately 103.5 today, which is hovering at its highest level in two months. The dollar index has also risen by roughly 0.8% so far this week. It is expected to continue rising this … Read more

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Japan trade balance From JPY 854.9 billion in April 2022 to JPY 432.4 billion in April 2023, Japan trade balance decreased, falling short of market estimates of a JPY 613.8 billion deficit. The series of 21 months without a trade surplus was the longest since 2015. Exports increased by 2.6% year over year at JPY 8,288.4 … Read more

European equity markets In anticipation of a compromise between US President Joe Biden and congressional leaders to lift the US debt ceiling and prevent a default, European equity markets were set to open higher on Thursday, extending a global surge. However, investors anticipate earnings announcements from companies including Vantage Towers, BT Group, Burberry, EasyJet, and Premier Foods … Read more