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BoC Interest Rate Decision
Tuesday's Stock Gains Driven by Energy and Tech Sectors as Investors Await Inflation Reports | Daily Market Analysis
Key events: New Zealand - RBNZ Interest Rate Decision USA - Core CPI (MoM) (Jun) USA - CPI (YoY) (Jun) USA - CPI (MoM) (Jun) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories Stocks recorded gains on Tuesday, primarily driven by the energy and big tech sectors, while investors eagerly awaited upcoming inflation reports. The Dow Jones Industrial Average increased by 317 points or 0.9%, the S&P 500 rose by 0.7%, and the Nasdaq saw a 0.6% increase.
BIS Forecasts Coming Deterioration in Capital Markets | Daily Market Analysis
Key events: Canada – BoC Interest Rate Decision USA – Crude Oil Inventories The Bank for International Settlements (BIS) is worried about various problems, thereby sparing our local central banks from this excitement. The immediate concern at the BIS is that central banks will have to conduct anti-crisis measures in markets suffering from rising interest rates, which will diminish the effect of efforts to curb inflation, leading to shrinking monetary liquidity and debt portfolios.
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