The US dollar is backing down even after the Fed’s 75 bp hike and GBP/USD is breaking out despite the Bank of England disappointing with a 25 basis point move while expecting inflation to hit as high as 11% later this year.
Source: Bloomberg
The Fede
The US government asked Aussie baby food maker Bubs to send 1.25 million tins to feed America’s youngest and hungriest. Bubs shares soared 40% on the news. But can these little American babies support this valuation past July?
Source: Bloomberg
Valuation Revenue United States Profit Ma
The share prices of both ASOS and Boohoo are plunging as the cost-of-living crisis begins to bite into fast fashion.
Source: Bloomberg
Shares Boohoo.com ASOS Price Profit United Kingdom
Charles Archer | Fi
Apple share price rout continues. Now is probably not the right time (yet) to buy the stock despite the company entering the BNPL space.
Source: Bloomberg
Shares Apple Inc. Apple Pay Credit Price Apple Worldwide Developers Conference
The BoJ is set to hold their monetary meeting across 16 – 17 June 2022, with the central bank expected to remain an outlier among other global central banks in monetary policies.
Source: Bloomberg
Forex Bank of Japan Central bank Bank Japanese yen Interest
The FOMC meeting outcome was met with a positive reaction from the US equity markets despite the Fed delivering a 75 basis-point hike to a range of 1.5% and 1.75%.
Source: Bloomberg
Forex Indices Shares Federal Reserve United States S&P 500
Some pre-FOMC dollar weakness has allowed the euro and sterling to make some gains against the dollar, while USD/JPY is lower in early trading.
Forex United States dollar Euro Japanese yen Pound sterling USD/JPY
EUR/USD makes headway
The US equity markets came in mixed overnight, largely taking a breather from their recent sell-off, along with some wait-and-see ahead of the FOMC meeting outcome.
Source: Bloomberg
Forex Indices Shares Federal Reserve China GBP/USD
Dow Jones and Nasdaq 100 suffering as Fed faces credibility test; will a 75-basis point rate hike, or more, restore risk appetite next? Both indices are trying to confirm breakouts under key support.
Source: Bloomberg
Indices Shares Central bank Dow Jones & Company Risk Inflation
Australian dollar falls versus US dollar as markets prep for Fed action; natural gas markets see volatility surge after US terminal incident and AUD/USD approaches critical point of resistance near May low.
Source: Bloomberg
Forex Commodities United States AUD/USD United States dollar
The panic selloff triggered by stagflation fear is spreading wildly across global equity markets. S&P 500 is in the bear market while the ASX 200 entered the correction zone this week.
Source: Bloomberg
Indices S&P 500 ASX Hang Seng Index
A near term crash in the S&P 500 Index price has seen bear market territory tested, suggestive of an economic recession to follow.
Source: Bloomberg
Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Monday 13 June 2022
Broad-based declines in the US equity markets have driven a close in bear market territory for the S&P 500, while the rate-sensitive Nasdaq registered its 9th largest single-day drop ever.
Source: Bloomberg
Forex Indices Market trend S&P 500 AUD/USD United States dollar
EUR/USD trades to a fresh monthly low as it extends the series of lower highs and lows from last week and the exchange rate appears to be on track to test the yearly low as the Fed is expected to implement higher interest rates.
Source: Bloomberg
Forex Shares United States dollar EUR/U
Alibaba’s share price resumed its descent following quashed rumours of an Ant Group IPO amid a general tech rout.
Source: Bloomberg
Axel Rudolph | Market Analyst, London | Publication date: Monday 13 June 2022
Risk sentiments took a beating towards the latter half of last week, as previous hopes of peaking US inflation were overturned with the release of the higher-than-expected US CPI print.
Source: Bloomberg
Indices Shares Commodities Inflation United States Consumer price index
The US equity markets were met with an intensified sell-off towards the latter half of the trading session, reflecting some paring back in risk exposure to position for any upside surprise in US inflation later today.
Source: Bloomberg
Indices United States Inflation Central bank Consum
DocuSign launched its Initial Public Offering in April 2018 at $29 per share. By 3 September 2021, they struck a record $310, a tenfold return in just over three years.
Source: Bloomberg
Shares DocuSign Revenue Recession Chief financial officer Gross margin
Roku shares are rising as speculation intensifies over a possible takeover bid from streaming giant Netflix.
Source: Bloomberg
Shares Roku Netflix Advertising Financial analyst Subscription business model
Expectations are to see the year-over-year figure drop to 8.2%, which can be viewed as a slight cool-down in price growth from April’s 8.3% yearly rise.
Source: Bloomberg
Indices Commodities Consumer price index United States Inflation S&P 500
Some paring back of risk positions ahead of the key US CPI release and a series of downbeat tone on the macroeconomic front have kept US equity markets under pressure.
Source: Bloomberg
Forex Indices Shares United States Consumer price index European Central Bank