Market News
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Italy Industrial Sales s.a. (MoM) up to 0.6% in May from previous 0.3%
Italy Industrial Sales s.a. (MoM) up to 0.6% in May from previous 0.3%
Italy Industrial Sales n.s.a. (YoY) rose from previous 3.2%Â to 5.3% in May
Italy Industrial Sales n.s.a. (YoY) rose from previous 3.2%Â to 5.3% in May
Austria UniCredit Bank Manufacturing PMI up to 51.5 in July from previous 50.9
Austria UniCredit Bank Manufacturing PMI up to 51.5 in July from previous 50.9
Switzerland ZEW Survey – Expectations: 10 (July) vs -25
Switzerland ZEW Survey – Expectations: 10 (July) vs -25
Federal Reserve: Poised decision keeps markets on edge – Deutsche Bank
Deutsche Bank’s US economists expect the Federal Reserve to leave rates unchanged at a highly uncertain FOMC meeting, with markets pricing a significant chance of a hike.
Euro: Softer Fed signals may lift EUR against US Dollar – Commerzbank
Commerzbank’s Antje Praefcke argues that the FOMC under Chair Kevin Warsh is likely to deliver a "hawkish hold", with markets already pricing at least one Fed rate hike by year-end.
Iraqi PM calls for urgent security meeting after Saudi-US strikes
Iraqi Prime Minister (PM) Ali Faleh al-Zaydi has called for an urgent security meeting on Wednesday following a joint military operation from Saudi Arabia and the United States (US), according to a statement.
Equities: Record highs with tech under pressure – Deutsche Bank
Deutsche Bank analysts note that lower oil prices and bond yields supported US equities, helping the equal-weighted S&P 500 reach a record high as investors rotated into defensive and non-tech sectors.
Japanese Yen recovery halts below 163.30 US Dollar with Fed’s decision on tap
The Japanese Yen (JPY) has trimmed some losses against the US Dollar (USD) on Wednesday, but USD/JPY dips have been capped above previous highs, in the 163.30 area so far.
Iran officially rejects Oman’s regional joint Hormuz management proposal
According to a senior official from Iran, the nation doesn’t support Oman's proposal for regional joint management of Strait of Hormuz, a critical chokepoint for almost 20% of global energy supply.
Euro edges higher against US Dollar, focus is on Fed’s policy
The Euro (EUR) ticks higher against the US Dollar (USD) at around 1.1393 during the European trading session on Wednesday. The major currency pair edges up as the US Dollar is slightly down ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Japanese Yen: Fed and energy drivers outweigh BoJ – ING
ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31 July, with any modestly hawkish shift seen as unlikely to materially boost the Yen or change the USD/JPY trajectory.
South Korean Won nears four-month highs despite the KOSPI index selloff
The South Korean Won (KRW) extends gains for the second consecutive day against the US Dollar (USD), and is set for a 6.5% monthly rally. Strong South Korean macroeconomic data and market expectations of monetary tightening by the Bank of Korea have offset the KOSPI Index’s sell-off.