Daily Market Analysis page 47

Key events: Eurozone — CPI (YoY) (Sep) USA — Core PCE Price Index (MoM) (Aug) After the new British government announced its spending plans, it led to a sharp collapse of the country's national currency and an equally sharp rise in long-term bond yields. To stabilize the crumbling debt market,…

  Key events: USA - GDP (QoQ) (Q2)   USA - Initial Jobless Claims   Canada - GDP (MoM) (Jul)   New Zealand - RBNZ Gov Orr Speaks The dollar rose to a new high as the pressure of rising U.S. interest rates on the global economy continues to intensify. At the same time, Treasury 10-year bond yields…

Key events: Eurozone - ECB President Lagarde Speaks USA - Pending Home Sales (MoM) (Aug) USA - Fed Chair Powell Speaks USA - Crude Oil Inventories   So far, the problem is obvious. Inflation will take longer to rise than expected. The same goes for the Fed's plans to raise rates. Forecasts for both…

Key events: USA - Fed Chair Powell Speaks ECB President Lagarde Speaks USA - Core Durable Goods Orders (MoM) (Aug) USA - CB Consumer Confidence (Sep) USA - New Home Sales (Aug) The pound hit a record low, and the collapse of British bonds worsened after the new government said it had not…

Key events: Germany - German Ifo Business Climate Index (Sep) Eurozone - ECB President Lagarde Speaks Nothing happened last week, rich in central bank news, that would make most of us change the bearish view on the stock market outlook. Analysts still expect the major U.S. and European indices to…

Key events: Germany - German Manufacturing PMI (Sep) UK - Composite PMI                                  UK - Manufacturing PMI                UK - Services PMI Canada - Core Retail Sales (MoM) (Jul) USA - CFTC GBP speculative net positions Global central banks continued raising interest rates…

Key events: Switzerland - SNB Interest Rate Decision (Q3)            Switzerland - SNB Monetary Policy Assessment Switzerland - SNB Press Conference UK - BoE Interest Rate Decision (Sep)                         UK - BoE MPC Meeting Minutes USA - Initial Jobless Claims   After last week's CPI…

Key events: USA - Existing Home Sales (Aug)                                 USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision                      USA - FOMC Press Conference   To say that central banks are panicking would probably…

Key events: USA - Building Permits (Aug) Canada - Core CPI (MoM) (Aug) Eurozone - ECB President Lagarde Speaks   Markets Are At The Crossroad: What Should You Expect? The past week on the American stock market took away with it deposits of many inexperienced market participants, and with them…

Key events: Japan - National Core CPI (YoY) (Aug) Australia - RBA Meeting Minutes   The upcoming Federal Open Market Committee (FOMC) meeting on September 21 will be two-fold important. It's not because the central bank will raise interest rates sharply. It's because of the new FOMC forecasts.…

Key events: Eurozone - Core CPI (YoY) (Aug) Eurozone - CPI (YoY) (Aug) Italy - Italian CPI (MoM) (Aug) Canada - Wholesale Sales (MoM) (Jul)   Thursday trading U.S. stock indices ended in decline amid rising government bond yields and after the publication of statistics on retail sales and…

Key events: US - Initial Jobless Claims US - Philadelphia Fed Manufacturing Index (Sep) UK - Retail Sales (MoM) (Aug)   Let's start with the basic scenario of the crisis development, which now seems the most probable. The baseline scenario assumes that the EU accepts the oil embargo on…