BoE MPC member Michael Saunders said in a speech, “I put considerable weight on risks that, unless checked by monetary policy, domestic capacity and inflation pressures would probably be greater and more persistent than the Read more…
If inflation prints at expectations, it would be the first meaningful decline in the annualized inflation rate since the depths of the COVID recession… The battlelines are drawn and the two sides are arrayed for Read more…
Brent crude is back below $110/bbl, losing 2% since the start of the day on Monday. At the beginning of May, oil largely remained within the trends of previous months. There are still accumulating risks Read more…
The legacy carmaker is a major shareholder of the upstart manufacturer of electric vehicles. Ford (F) – Get Ford Motor Company Report picked a tough time to pare its stake in Rivian. Financial markets are sinking. Read more…
The US 100 cash index (Nasdaq) came under renewed pressure in recent sessions, sinking to a fresh one-year low. Sellers are firmly in control with a series of lower highs and lower lows forming on Read more…
Last week was big for EUR/GBP. The pair ended up by nearly 2% to close at 0.85498 – its largest weekly gain since the week closing 9 April 2021. Back in April 2021, EUR/GBP failed Read more…
The Japanese yen is slightly lower at the start of the week. In the Asian session, the yen fell as low as 131.35, which marked a 20-year low. Will BoJ step in to defend the Read more…
The health-care sector constitutes ‘our favorite overweight for today’s macro environment,’ Bank of America analysts said. Health-care stocks have outperformed the broader stock market this year. The Health Care Select Sector SPDR Fund (XLV) – Read more…
Markets Russian President Putin’s speech at Victory Day didn’t deliver the feared escalation in the war against Ukraine. Markets reacted stoic, avoiding the trap to turn positive on the likelihood of a near-term cease-fire. Oil Read more…
The highly indebted company has made clear what it wants to do, but VICI Properties may throw a wrench into the plans. Caesars Entertainment (CZR) – Get Caesars Entertainment Inc Report Chief Executive Tom Reeg Read more…