No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
Oil prices jumped on Tuesday, driven by traders' confidence in recent market weakness. It will contribute to further supply cuts by OPEC. At the same time, anti-government protests in China and hawkish statements from the Federal Reserve worsened demand prospects.
On Monday, Thomas Barkin, president of the Federal Reserve Bank of Richmond, expressed his support for a slower pace of the Fed’s rate hiking aimed at taming extremely high inflation.
Regarding the continuing growth of inflation, some investors expect that the monetary policy of the Bank of Japan (BOJ) may change soon. For this reason, long-term government bond yields have increased for two trading sessions in a row.
The U.S. dollar / Swiss franc currency pair has been on a three-day upward trend. Negative sentiment of traders and investors, also due to the unrest in China, support the U.S. dollar.
According to some analysts, unrest growing in China over COVID-19 lockdown measures could support asset prices. In turn, this would push President Xi Jinping to end its Covid Zero policy earlier than previously expected.
Jerome Powell, Chairman of the US Federal Reserve (Fed), is likely to confirm market expectations. Reports suggest that monetary tightening is expected to slow down.
According to forecasts, inflation in the euro zone won’t change significantly, still remaining above 10%.
Over the past week, gold fell to $1,750 an ounce before recovering back to where it started.
Governor's assistant Karen Silk said that New Zealand's central bank did not expect such strong inflation.
Governor of the Reserve Bank of Australia Philip Lowe noted that Australia had a better chance of achieving a ‘‘soft landing’’ than almost any other developed country. Australia benefits from the fact that Australian wage growth is running at a weaker pace than peers.