Market Minutes

Read snapshots of the latest market news

WTI rises to $83.74 after large inventory drawdown

Markets change direction after Powell’s dovish comments on inflation

3 Jul 2024, 07:31
WTI rises to $83.74 after large inventory drawdown

Eurozone PMI signals slowdown

Output contraction hitting a year-to-date high and declines seen across new orders, purchasing activity, and employment

1 Jul 2024, 08:44
Eurozone PMI signals slowdown

Yen plunges to lowest level in 38 years

The U.S. dollar climbed to a peak of 160.82 yen, the highest since December 1986 while gold prices fell below $2,300.

27 Jun 2024, 08:25
Yen plunges to lowest level in 38 years

Japan consider intervention with USDJPY near 160

The BoJ is considering market intervention as USD/JPY nears 160. Rising inflation risks and yen depreciation were key discussion points in the latest policy meeting, with potential rate hikes and adjustments to bond purchases on the table.

24 Jun 2024, 07:30
Japan consider intervention with USDJPY near 160

S&P 500 at ATH, UK growth remains flat

Asian markets face selling pressure; Chinese indices weaken post CPI inflation data release

12 Jun 2024, 06:47
S&P 500 at ATH, UK growth remains flat

Gold drops as China’s PBOC halts buying

China's PBOC reported unchanged gold holdings in May, ending an 18-month buying streak.

10 Jun 2024, 08:18
Gold drops as China’s PBOC halts buying

Stronger-than-expected job growth pressures gold

Market expects less dovish stance from the Federal Reserve

7 Jun 2024, 12:54
Stronger-than-expected job growth pressures gold

ECB cuts rates to 3.75%, future moves unclear

The ECB cuts its deposit rate to 3.75% but leaves future policy moves uncertain amid an improved inflation outlook.

6 Jun 2024, 13:31
ECB cuts rates to 3.75%, future moves unclear

Bank of Canada cuts rates for first time in four years

The Bank of Canada reduced its key interest rate by 25 basis points to 4.75% in June 2024, marking an end to 11 months of peak rates. The decision follows lower-than-expected GDP growth and signs of easing inflation.

5 Jun 2024, 14:11
Bank of Canada cuts rates for first time in four years

PCE matches expectations as gold holds steady around $2,360

PCE at 2.7% YoY, matching both expectations and the previous month

31 May 2024, 13:57
PCE matches expectations as gold holds steady around $2,360