Boris Johnson resigned. Assassination Attempt on Former Japanese Prime Minister Shinzo Abe :: InvestMacro

by just forex

US Federal Reserve officials Bullard and Waller had nothing new to say yesterday. The labor market remains resilient, monetary tightening is already affecting the economy, and the outlook for economic growth – this has been said many times before. In short, the US Federal Reserve remains hawkish. The minutes of the last meeting of the Federal Reserve, which was released on Wednesday, pointed to a further increase of 75 basis points in July.

Initial US jobless claims rose to their highest level since January. Analysts continue to note that the labor market remains tight. The main focus for investors today will be the US non-farm payrolls data. If the data is worse than expected, that could be a reason for the Fed to reconsider raising interest rates to 50 basis points in July.

Yesterday, US indices jumped thanks to a rebound in energy stocks on the back of higher oil prices. The Dow Jones (US30) is up 1.12% at the close of trading, while the S&P 500 (US500) is up 1.50%. The Nasdaq Technology Index (US100) is up 2.28% on Thursday. All three indicators closed on the positive side at the end of the day.

Most of the stock markets in Europe rose yesterday. Germany’s DAX (DE30) is up 1.97%, France’s CAC 40 (FR40) is up 1.60%, Spain’s IBEX 35 (ES35) is up 2.19%, and Britain’s FTSE 100 (UK100) is up 1.14%.

Deutsche Bank suggested that the euro could fall to the $0.95-0.97 range if Europe and the United States are drawn into a deeper recession. The single currency in the Eurozone has been steadily declining as recession fears intensify amid growing energy supply uncertainty as Russia threatens to further cut gas supplies to Germany and the continent as a whole.

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Boris Johnson announced that he will step down as British Prime Minister. Traders and investors were already anticipating the move after dozens of high-ranking ministers resigned in recent days in protest against Johnson’s leadership.

Hungary’s national bank raised its weekly deposit rate by 200 basis points to 9.75%, the highest level in a decade, to stem currency weakness that has exacerbated an increasingly severe inflation problem. The country’s core consumer prices rose more than 12% from the start of the year through May, while food prices rose 20% in the previous year.

Natural gas futures continue to rise as the Energy Information Agency reported a smaller-than-expected increase in US inventories. The government said total working gas stocks in storage are 2.311 trillion cubic feet, down 261 billion cubic feet from last year and 322 billion cubic feet from the five-year average.

Oil prices rose again yesterday, as WTI rose sharply above $100 amid rumors of a blackout in Texas that could cut production capacity. Meanwhile, crude oil inventories data unexpectedly rose by 8.2 million barrels with a drop of 2.8 million barrels expected. There is still a shortage of supply, so analysts believe that traders should not expect oil prices to fall too much.

Yesterday Asian markets closed with growth. Japan’s Nikkei 225 (JP225) is up 1.47% yesterday, Hong Kong’s Hang Seng (HK50) is up 0.26% on the day and Australia’s S&P/ASX 200 (AU200) is up 0.81% on Thursday.

Shocking news came from Japan. During the speech of former Japanese Prime Minister Shinzo Abe, there was an attack on the Prime Minister. According to preliminary information, Abby suffered a heart attack from his injuries. Shinzo Abe is now in the hospital, and his condition is unknown. There were also many other people. The suspect was arrested.

S&P 500 (F) (US500) 3,902.62 +57.54 (+ 1.50%)

Dow Jones (US 30) 31384.55 +346.87 (+12%)

DAX (DE40) 12,843.22 +248.70 (+1.97%)

FTSE 100 (UK100) 7189.08 +81.31 (+1.14%)

US dollar index 107.09 0.00 (+0.00%)

Important events for today:

  • – ECB President Lagarde speaking at 14:55 (GMT +3);
  • – US non-farm payrolls (month / month) at 15:30 (GMT + 3);
  • – US unemployment rate (month / month) at 15:30 (GMT +3);
  • – Canadian unemployment rate (month / month) at 15:30 (GMT +3);
  • FOMC member Williams speaking at 18:00 (GMT +3).

by just forex

This article reflects a personal opinion and should not be construed as investment advice and/or a continuing offer and/or solicitation to carry out financial transactions and/or guarantee and/or anticipation of future events.

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