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UK inflation falls to Bank of England&rsquo s 2% target ahead of elections

PUBLISHED WED, JUN 19 20242:08 AM EDTUPDATED 5 MIN AGO

U.K. inflation fell to the Bank of England&rsquo s target of 2.0% in May, the Office for National Statistics said Wednesday.
The headline reading declined from 2.3% in April, bringing it in line with the central bank&rsquo s 2% target.
The print is the last key economic measure ahead of national elections in July.

UK inflation, May 2024 (cnbc.com)

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19-Jun-2024 13:36

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Treasury yields retreat as weak retail sales raise concerns about consumer

PUBLISHED TUE, JUN 18 20243:08 AM EDTUPDATED AN HOUR AGO

Retail sales were up just 0.1% in May, below the 0.2% expected by economists, according to Dow Jones. There was also a downward revision to the April data, which now shows a 0.2% decline.

Treasury yields retreat as weak retail sales raise concerns about consumer (cnbc.com)

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19-Jun-2024 13:35

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The Fed is &lsquo playing with fire&rsquo by not cutting rates, says creator of &lsquo Sahm Rule&rsquo recession indicator

PUBLISHED TUE, JUN 18 20243:05 PM EDTUPDATED MOMENTS AGO

Economist Claudia Sahm has shown that when the unemployment rate&rsquo s three-month average is half a percentage point higher than its 12-month low, the economy is in recession.
Sahm said the Fed is taking a big risk by not moving now with gradual cuts.
Fed officials last week sharply lowered their individual forecasts for rate cuts this year, going from three expected reductions at the March meeting to one this time around.

Economist Sahm, who devised recession rule, says the Fed is ' playing with fire' (cnbc.com)

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07-Jun-2024 09:15

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Private payrolls growth slows to 152,000 in May, much less than expected, ADP says

PUBLISHED WED, JUN 5 20248:15 AM EDTUPDATED WED, JUN 5 20249:08 AM EDT

ADP reported that companies added 152,000 jobs in May, fewer than the downwardly revised 188,000 in April and below the Dow Jones consensus estimate for 175,000.
Nearly all the hiring came from the services sector, with goods producers contributing just a net 3,000 to the total.
Trade, transportation and utilities led with 55,000 new jobs, while education and health services added 46,000, and construction contributed 32,000.

Private payrolls growth slows to 152,000 in May, much less than expected, ADP says (cnbc.com)

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07-Jun-2024 09:14

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European stocks close at record highs after European Central Bank cuts interest rates

PUBLISHED THU, JUN 6 202412:20 AM EDTUPDATED 2 HOURS AGO

The ECB confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank&rsquo s key rate to 3.75%, down from a record 4% where it has been since September 2023.

European markets: ECB interest rate decision (cnbc.com)

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06-Jun-2024 15:58

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Bear come we friend friend bear, Bull come, we friend friend Bull.

Huat Ah!

pkli899 ( Date: 05-Jun-2024 20:20) Posted:

At least, this is for real.
Unlike US, no affirmation.
Btw, your huge bear image is very scary......

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06-Jun-2024 09:03

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Treasury yields fall as traders weigh latest U.S. private payrolls and services data releases

PUBLISHED WED, JUN 5 20243:40 AM EDTUPDATED 4 HOURS AGO

" Private payrolls rose by 152,000 in May, according to ADP. That was below the 175,000 expected by economists, according to Dow Jones, and down from 188,000 in April. Those numbers came a day after the Labor Department said there were 8.059 million job vacancies in April, the lowest in three years less than the expected 8.4 million."

U.S. Treasurys: investors weigh economic data (cnbc.com)

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05-Jun-2024 15:43

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European Central Bank set to cut rates for the first time since 2019

PUBLISHED WED, JUN 5 20242:17 AM EDT
European Central Bank set to cut rates for the first time since 2019 (cnbc.com)

FRANKFURT &mdash The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019

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04-Jun-2024 18:00

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04-Jun-2024 15:37

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It is coming, it is coming, we just do not know when.........

.

When the big boys are done harvesting/positioning, then inflation data will magically come down.

pkli899 ( Date: 04-Jun-2024 13:25) Posted:

Whatever, everything point to earliest Sep, for any cut.
At most 2, maybe 1 or none at all.
Still no convincing data.

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04-Jun-2024 15:16

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Why the yen is so weak and what that means for Japan

Published Wed, May 1, 2024 · 05:15 PM

Why the yen is so weak and what that means for Japan (businesstimes.com.sg)

" That' s mainly because of the wide gap in interest rates between Japan and the US. Japan' s new policy rate is by far the lowest in the developed world, at a range of between 0 per cent and 0.1 per cent. Federal Reserve officials have kept the US benchmark federal funds rate in a range of 5.25 to 5.5 per cent." .......

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04-Jun-2024 10:25

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Treasury yields slip as U.S. manufacturing sector shows signs of contraction

Signs of contraction in the U.S. manufacturing sector weighed on yields. The ISM manufacturing index measured 48.7 in May, below an estimate that called for 49.6. A reading below 50 is an indication of a contraction.

U.S. Treasurys: Investors parse weak U.S. manufacturing data (cnbc.com)

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30-May-2024 14:17

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30-May-2024 14:00

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Treasury yields end at four-week highs after another poorly received auction

Treasury yields end at four-week highs after another poorly received auction | Morningstar

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30-May-2024 13:54

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Big Cap weakness............weakness in earnings forcasts.

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30-May-2024 09:07

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Stock futures slide as Salesforce tumbles on revenue miss and soft guidance: Live updates

Futures tied to the Dow Jones Industrial Average dropped 276 points, or 0.7%. S& P 500 futures slid about 0.4%, and Nasdaq-100 futures fell 0.5%.

Stock market today: Live updates (cnbc.com)

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29-May-2024 11:05

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T+1.......another move to crash the US Markets, take the liquidity and money out of the hands of retail investors, reduce demand and lower the inflation numbers.

Luzern ( Date: 17-May-2024 13:55) Posted:

Dow Jones going to do a McDonald' s 3K

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28-May-2024 13:01

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The time is ripe to cut interest rates next week, European Central Bank&rsquo s Rehn says

PUBLISHED MON, MAY 27 20245:18 AM EDT

Olli Rehn and Philip Lane became the latest figures at the European Central Bank to indicate that an interest rate cut next week is practically a done deal.
The European Central Bank is expected to move sooner than the U.S. Federal Reserve &mdash which usually leads the way in monetary policy decisions.
&ldquo We think that ECB and Fed rate cut cycles will differ, a lot,&rdquo Bank of America economists said.

Time is ' ripe' to cut rates next week: European Central Bank' s Rehn (cnbc.com)

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24-May-2024 09:01

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Dow falls 600 points in worst day of 2024 as Nvidia' s blockbuster earnings fail to lift broader market: Live updates

Stock market news for May 23, 2024 (cnbc.com)

Traders are currently pricing just a 51% chance the Fed will cut rates in its September meeting, down from 58% a day ago and nearly 68% in the prior week, according to the CME FedWatch Tool. When the probability falls below 60%, it&rsquo s viewed as no longer likely that the Fed will take action.

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17-May-2024 13:55

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Dow Jones going to do a McDonald' s 3K

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