Key macro events in November that may move the markets
Macro events, Fed, BoE, macro events in November, China Consumer Price Index, India IIP data Source link
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BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini
The European Central Bank and Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The … Read more
UK wages expected to feed pressure for BoE rate hikes
Britain‘s inflation fever may be starting to break, but data due out this week is expected to show the economy has more cooling to do before the Bank of England can change course on interest rates. Official statistics are slated to show Tuesday that wages accelerated to the fastest pace on record in July, pushing … Read more
Gold outlook remains weak for the coming week; resistance seen at $1950-1980 region
Spot gold closed the week with a loss of 1.90% at $1921.47. The highlight of the week was the UK’s core CPI inflation rising to a 31-year high, which stoked concerns among investors as elevated inflation calls for further aggressive rate hikes by the Bank of England amid slowing growth. Bank of England (BoE) hiked … Read more
UK inflation more than doubles to 1.5% in April
British consumer price inflation more than doubled in April to stand at 1.5%, up from 0.7% in March, official figures showed on Wednesday. A Reuters poll of economists had pointed to a rise in inflation to 1.4%. A jump in regulated electricity and gas bills and higher clothing prices helped to push inflation up. Core … Read more
Take Five: It’s August, what could go wrong in market?
August can be a tricky time for markets. It was the month Russia defaulted (1998), China devalued the yuan (2015) and BNP Paribas kicked off subprime meltdown by freezing three of its funds (2007). Plenty could go wrong this August as the world economy staggers under the pandemic, Sino-U.S. tensions bubble and the US. election … Read more