Fundamental Background The RBA’s third consecutive interest rate increase to 4.35% reflects the regulator’s concern over rising inflation: the conflict in the Middle East is increasing energy costs and putting upward pressure on prices. Annual Read more…
Markets EMU and to a lesser extent US PMI’s confirmed the feared-for stagflationary tendencies as the fall-out of the conflict in the Middle East unsettles multiple supply chains and triggers a mutually reinforcing spiral of Read more…
UK retail sales contracted sharply in April, reinforcing signs that household demand is weakening as higher living costs and economic uncertainty continue weighing on consumers. Retail sales volumes fell -1.3% mom, much worse than expectations Read more…
Germany’s GfK Consumer Climate index improved from -33.1 to -29.8 heading into June, signaling that household sentiment may be stabilizing after months of deterioration, though confidence remains deeply negative overall. The improvement was supported primarily Read more…
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm’s note, titled “Investor Day Preview: Don’t Stop Believing,” Read more…
In focus today Today brings the first euro area wage growth data for 2026, with the ECB’s negotiated wages indicator for Q1. We expect wage growth to remain at 2.9% y/y, broadly unchanged from Q4, Read more…
The short‑term Elliott Wave outlook for Dow Futures (YM) indicates that the Index has completed its correction against the cycle from the March 30, 2026 low and has resumed higher. The rally from that low Read more…
Key insights from the week that was. In Australia this week, the Westpac-MI Consumer Sentiment Index clawed back only a quarter of April’s collapse, rising 3.5% to 83.0. This leaves sentiment at a deeply pessimistic Read more…
Key Takeaways Global equity markets extended their relief rally as optimism over a potential US-Iran peace agreement boosted risk appetite, triggering strong gains in Asian and US stock indices while crude oil prices continued to Read more…
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