- FED Minute Highlights – “Many” members see “one or more” 50bp rate hikes, agree balance sheet sell-off at $95 bln/mth (may start in May). “Many” also wanted 50 bps hike in March but War in Ukraine delayed that decison.
- Stocks tank (NASDAQ) -2.2% worse performer – Asian shares & European
The second week of the new quarter brings the Wall Street earnings season, with the first interesting stocks being reported tomorrow, Thursday, April 14. The top three companies of the day, Morgan Stanley, Wells Fargo and UnitedHealth Group, are scheduled to report ahead of the US market open, …Czytaj więcej
In their latest meeting, the Central Bank of Mexico hiked rates for the 7th time in a row, to 6.5% – the highest level since March 2020 – saying “global inflation continues to rise, driven by bottlenecks, and high food and energy prices”, adding that the geopolitical conflict in …Czytaj więcej
BOJ announced unlimited bond buying policy, but yields still rose and YEN crashed, pulling down Asian stock & Oil markets, also hit by a strict 11-day lockdown in Shanghai (27 mill.). The US Treasury 5-to-30-yr yield curve has inverted for the first time since 2006, history suggests slowdown & possible …Czytaj więcej
USD, Yields & Stocks (NASDAQ -1.21%) all dipped. Oil tanked over -6% – President Biden suggested releasing 180 mln barrels from US Strategic Reserve & OPEC stand firm on no production increases. Euro & Yen continued recovery, Gold lifted on weaker USD. Yield curve extended it’s inversion. ADP…Czytaj więcej