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Equities: Fed-driven yield spike pressures equities – Deutsche Bank
Deutsche Bank notes that the Federal Reserve’s (Fed) on-hold decision and limited detail from Chair Warsh sparked a sharp steepening in the Treasury curve, pushing the 30-year yield to 5.20% and weighing on equities.
WTI Oil extends gains beyond $84.00 as US resumes strikes in Iran
Oil prices have risen about 7% over the last two days, pushing the price of the US benchmark West Texas Intermediate (WTI) barrel to levels above $84.00 on Thursday, up from the $77.16 lows seen earlier in the week.
Austria Gross Domestic Product (QoQ) fell from previous 0.2% to 0% in 2Q
Austria Gross Domestic Product (QoQ) fell from previous 0.2% to 0% in 2Q
Turkey Unemployment Rate fell from previous 8.2% to 7.6% in June
Turkey Unemployment Rate fell from previous 8.2% to 7.6% in June
Austria Gross Domestic Product (QoQ): 7.6% (2Q) vs 0.2%
Austria Gross Domestic Product (QoQ): 7.6% (2Q) vs 0.2%
Turkey Economic Confidence Index climbed from previous 98.9 to 99.8 in June
Turkey Economic Confidence Index climbed from previous 98.9 to 99.8 in June
Spain Harmonized Index of Consumer Prices (MoM) came in at -0.1%, above forecasts (-0.2%) in July
Spain Harmonized Index of Consumer Prices (MoM) came in at -0.1%, above forecasts (-0.2%) in July
Spain Consumer Price Index (YoY) above forecasts (3.1%) in July: Actual (3.5%)
Spain Consumer Price Index (YoY) above forecasts (3.1%) in July: Actual (3.5%)
Spain Consumer Price Index (MoM) dipped from previous 0.6%Â to 0.2% in July
Spain Consumer Price Index (MoM) dipped from previous 0.6%Â to 0.2% in July
New Zealand Dollar gains ground above 0.5800 as Fed hold mutes US Dollar
The NZD/USD pair gathers strength to near 0.5810 during early European trading hours on Thursday, bolstered by the Reserve Bank of New Zealand (RBNZ) rate hike bets.
Austria Producer Price Index (YoY) rose from previous 2.8%Â to 3.1% in June
Austria Producer Price Index (YoY) rose from previous 2.8%Â to 3.1% in June
Austria Producer Price Index (MoM) declined to 0.1% in June from previous 0.5%
Austria Producer Price Index (MoM) declined to 0.1% in June from previous 0.5%
Spain Gross Domestic Product - Estimated (YoY) remains at 2.7% in 2Q
Spain Gross Domestic Product - Estimated (YoY) remains at 2.7% in 2Q