Market Update – 21st June 2023. - 21st June 2023
In a further effort to pick up what is thought to be cooling economic momentum, the world’s second largest economy, China, saw two more key lending rates cut on Tuesday
In a further effort to pick up what is thought to be cooling economic momentum, the world’s second largest economy, China, saw two more key lending rates cut on Tuesday
It’s not just the weather that is heating up this week, as markets got off to a strong start fuelled with optimism that the Federal Reserve will announce its first pause in monetary policy.
Markets got off to a slower start this week after ending on a high last week following US lawmakers reaching a deal to raise the federal debt ceiling.
PMI data released on Tuesday came in strong for both the US and the UK. In the US, the figure beat forecasts of 53.4 and instead reported
Time is running out for the US to raise its debt ceiling. President Joe Biden is due to attend the G7 summit in Japan on Wednesday; however, his Asia trip will be cut short
Markets’ focus has been firmly fixed on key economic data releases this week.
King Charles III’s coronation will take place on Saturday 6 May 2023 at Westminster Abbey in London. Looking back to 1952 when Queen Elizabeth ascended to the throne,
So far this week markets have remained focused on earnings season, with investors awaiting reports from the big tech companies such as Alphabet, Microsoft
Global equity markets are slightly higher so far this week, despite the fact that James Bullard, the President of the Fed Bank of St. Louis, said
On Monday markets were surprised by an announcement from OPEC+ (The Organization of Petroleum Exporting Countries) that its members would cut output