the American dollar settled down close to 101. Risk appetite has improvedmiddle Positive signs in earnings reports. Wall Street ended mixed but near the lows of the day, while US 100 I managed to make a modest profit better than expected results from it meta Strong results from European banks helped offset lingering tensions at some US banks. Asia stocks They all moved higher overnight. Ger40 & UK100 Despite this, the central bank’s hawkish comments point to more rate hikes next month. Yields skyrocketed overnight. tThe curve of the curve increased to -49 bps from -55 bps on Tuesday and -60 bps on Monday. This is the the least inverted since April 5.
- FX – USDIndex in 101 like euro And GBP rises a little. but JPY hold below 134.
- Stores – #DeutscheBank arrives 3.5% Pre-market, it also reported the highest pre-tax profit in a decade from strong inflows. #Barclays +1.58% Profit increased by 27% on the back of higher interest rates. # dead +11.61% After hours, It reported its first sales increase in nearly a year due to continued improvements in its advertising business, as the company continues to cut spending during what CEO Mark Zuckerberg called “the year of efficiency.” #AstraZeneca Beats expectations as cancer drug sales rise.
- Goods – USOil Drift, fall $75 per barrel and is now down -3.56% to an intraday low of $74.33. The Energy Information Administration reported a -5.1 million barrel drop in oil inventories which boosted prices, but only temporarily. Concern about recession is rising again amid concerns about regional banks and tightening credit conditions. And although markets are pricing in the end of the Fed’s rate hike after a 25 basis point rate hike next month, upcoming data on Q1 GDP and the ECI may not give the FOMC the chance to pause, and that increases the risk of a slowdown/ deflation. Economy. There are also concerns about the strength of China’s recovery. At the same time, Russian supplies are said to be hitting the market through Asian ports. In addition, Bloomberg reported on the deterioration of oil refining profits over the past few weeks, which made companies consider lower processing rates. The other thing today is that the US dollar is recovering in the afternoon and that is putting pressure on prices.
- gold – in $2001.
- Digital currencies – BTC Closed unchanged reversing all gains up 30 thousand dollars. currently stettled to $28,900.
today – Confidence of the European Union and the US’s GDP Earnings: Amazon, Intel, MasterCard etc.
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Andrea Pechedy
Market analyst
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