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Market Minutes
Read snapshots of the latest market news
Eurozone PMI signals slowdown
Output contraction hitting a year-to-date high and declines seen across new orders, purchasing activity, and employment
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.
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.
S&P 500 at ATH, UK growth remains flat
Asian markets face selling pressure; Chinese indices weaken post CPI inflation data release
Gold drops as China’s PBOC halts buying
China's PBOC reported unchanged gold holdings in May, ending an 18-month buying streak.
Stronger-than-expected job growth pressures gold
Market expects less dovish stance from the Federal Reserve
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.
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.
PCE matches expectations as gold holds steady around $2,360
PCE at 2.7% YoY, matching both expectations and the previous month
US Q1 GDP growth revised to 1.3%
Futures trimmed losses after US first-quarter GDP was revised down to 1.3%, as expected. Initial jobless claims rose to 219,000.