In an environment of rising interest rates around the world, investors continue to dislike assets that have little or no yield Unlike the major indices, gold was unsuccessful in trying to find dip buyers on Wednesday, a day after everything sold off in response to that hotter-than-expected US inflation report. That CPI report reinforced expectations […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…