Market Reacting Sensitively to Economic Indicators, Development Depending on Data
Yesterday, the euro and pound fell along with the decline in German Flash Manufacturing PMI, which unexpectedly dropped below 50, followed by weaker-than-expected Flash PMI figures for both manufacturing and services sectors in the UK. This caused the euro, pound, and USD/JPY to decline, while bond yields also decreased. However, the stock market reacted positively […]
FRB Chairman Powell at the Jackson Hole Conference
Today’s noteworthy material is a lecture by FRB Chairman Powell at the Jackson Hole Conference. Following the spread of the new Corona Delta strain, this conference will be shortened to 27 days in online format. Until last week, observations of an early start of tapering were widespread, and the dollar was leaning toward a stronger […]