31st July 2024

  • Fed to Hold Rates and Signal September Cut: Decision Day Guide

Officials will probably nod to slowing inflation in statement

Powell likely to be pressed on outlook for the labor market

https://blinks.bloomberg.com/news/stories/SHGD37DWX2PS

  • Euro-Area Growth Beats Forecasts Despite German Contraction (2)

German GDP drop contrasts with solid growth in other economies

Spanish inflation slowed more than expected to 2.9% in July

https://blinks.bloomberg.com/news/stories/SHFMUTT0AFB4

  • BOJ Hikes Interest Rate, Unveils Plan to Halve Bond Buying

Central bank pushes rates to 0.25%, highest since Dec 2008

Pace of bond-buying will be halved over a two-ear period

https://blinks.bloomberg.com/news/stories/SHH0QRT0AFB4

  • Australia’s Cooler Core Inflation Opens Door to Rate Cut (3)

Three-year bond yields record biggest one-day fall since Dec.

Currency also slides as bets on August rate increase scrapped

https://blinks.bloomberg.com/news/stories/SHGXQ1T0AFB4

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.