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6

Apr 2023
Renewed Rush to Safety as Economic Data Disappoints: Is a Recession Imminent?

Following the release of weaker-than-expected economic data, Wall Street experienced a renewed rush to safety, with bonds surging and equities plummeting. This has rekindled concerns that a recession may be looming, sending shockwaves across the financial markets. The 10-year Treasury …

5

Apr 2023
Stock Market Rally Ends as Banks Experience Selloff

The stock market’s four-day rally came to a halt as banks experienced a selloff, which pulled down the Dow Jones Industrial Average by 0.6% and the S&P500 by 0.58% on Tuesday. This sudden dip in the market was mainly caused …

4

Apr 2023
Treasury Prices Rise as Factory Activity Gauge Contracts More Than Expected

Treasury prices climbed higher on Monday as a US factory activity gauge contracted more than expected. This news tempered concerns about inflation that were fueled by OPEC+’s surprise decision to cut oil production. Let’s take a closer look at what …

3

Apr 2023
US Technology Shares Rally as Inflation Concerns Ease

US technology shares have continued to rally this week as concerns over inflation have eased following a modest increase in the Fed’s preferred measure of inflation in February. The rise in tech shares coincided with a rise in Treasury prices, …

3

Apr 2023
Market Focus: All eyes on US Jobs Data and RBA Rate Statement

This week marks the start of the second quarter of 2023, and it’s lined up with some major economic events. Keep your eyes on news from the Reserve Bank of Australia and the Reserve Bank of New Zealand on their …

31

Mar 2023
Federal Reserve Officials Suggest Monetary Tightening, Markets Respond Positively

Recent market gains were heavily influenced by statements from Federal Reserve officials who suggested the need for further monetary tightening, despite recent bank failures. Boston Fed President, Susan Collins, highlighted the importance of tightening policies. Meanwhile, Richmond Fed President, Thomas …

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