Today's delayed BOE's MPC policy announcement (1100 GMT) follows the meeting of last week which, relative to its own usual timetable, was delayed by a day, providing the MPC with a helpful glimpse of the General Election…
Today's delayed BOE's MPC policy announcement (1100 GMT) follows the meeting of last week which, relative to its own usual timetable, was delayed by a day, providing the MPC with a helpful glimpse of the General Election outcome. With no change in policy and no post-meeting statement expected nothwithstanding the unexpectedly decisive Election outturn, the announcement is likely to bring no surprises, leaving the focus on Wednesday's Inflation Report alongside labor market statistics for the 3 months to March.
Today's sole economic release of interest for US will the Fed's labor market conditions index for April (1400 GMT). Following last week's mixed employment report and uneven labor market data covering April more broadly, the LMCI will provide a helpful summary statistic.
Meetings between Greece and its creditors have continued ahead of today's Eurogroup meeting. While a final agreement today seems unlikely, it is probable that progress will be sufficient to justify a more positive message post meeting. The Greek government's repayment due to the IMF due on Tuesday should also be fulfilled even without any ECB blessing of higher T-bill issuance.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
