All’s well that ends well. US inflation came in line with expectations yesterday; core CPI fell for the first time in six months and the monthly CPI figure was a bit lower than expected. Cherry on top, retail sales stagnated in April and came to cement the idea that the US economy could be finally […]
The post Phew, Risk Rally On Post-US CPI appeared first on Action Forex.
Sterling fell sharply overnight, alongside with 10-year government bond and FTSE, as markets reacted to Chancellor Rachel Reeves’ new budget. Critics argue the budget is being heavy on spending, tax hikes, and borrowing but light Read more…
China’s Caixin Manufacturing PMI improved to 50.3 in October, up from 49.3 and surpassing expectations of 49.5. According to Wang Zhe, Senior Economist at Caixin Insight Group, October brought a mix of positive developments, including Read more…
Japan’s PMI Manufacturing was finalized at 49.2 in October, a decline from September’s 49.7, signaling continued contraction in the sector. Usamah Bhatti at S&P Global Market Intelligence noted that while output fell only slightly, it Read more…