Category: Macro
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Markets in Motion: Fed rate decision, silver surge, VIX holds low
In this week’s Markets in Motion, Bruce Campbell highlights the biggest catalyst on the horizon: the upcoming Federal Reserve announcement. Markets are overwhelmingly pricing in a quarter-point fed rate cut, with roughly 85 per cent of expectations leaning in that direction. With sentiment already tilting toward easing, investors will be watching closely for confirmation. Bruce…
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How OTC Markets opens the door to U.S. investor capital
Welcome to The Expert Exchange, part of our Investing Has No Borders series — a global look at how investors can unlock opportunities beyond their home markets. In this session, we focus on U.S. markets with Jason Paltrowitz, Executive Vice President at OTC Markets Group, the largest U.S. trading venue for international equities. Jason breaks…
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US Industrial Production Unchanged in April
Industrial production in the United States in April remained unchanged in April compared to the month prior, the Federal Reserve shared in its report posted on Thursday. The industrial output fell 0.4% year over year. Manufacturing production edged down 0.3% month on month and 0.5% compared to April 2023. Mining lost 0.6% compared to March…
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April US Import Prices, Export Prices Both Rise Faster Than Expected
US import prices rose by 0.9% in April, well above the 0.3% increase expected in a survey compiled by Bloomberg as of 7:40 am ET and following a 0.6% gain in March. U.S. import prices rose by the most in two years in April amid rising costs for energy products and other goods, suggesting that…
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US initial jobless claims down by 10,000 to 222,000
The number of seasonally adjusted initial jobless claims in the United States saw a weekly decline of 10,000 to 222,000 in the seven days ending May 11, the Department of Labor revealed in its report published on Thursday. The 4-week moving average grew by 2,500 to hit 217,750. The advance seasonally adjusted insured unemployment rate…
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US housing starts up by 5.7% in April
Privately‐owned housing starts in the United States saw a monthly increase of 5.7% in April to reach 1,360,000, the US Census Bureau unveiled in its report published on Thursday. Compared to April 2023, the figure declined by 0.6%. Single-family housing starts decreased by 0.4% month-on-month to land at 1,031,000. Privately‐owned housing completions rose by 8.6%…
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Wall Street Analysts Discuss Fed’s Next Steps After Inflation Data
The recent US consumer inflation data (CPI), released on Wednesday, brought relief to some economists who feared that the Fed would not be able to cut rates this year. The 0.3% change in the CPI in April, slightly below the last three months and median projections, coincided with an unexpected stability in retail sales for…
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Biden Administration Imposes Hefty Tariffs on Chinese Imports to Protect U.S. Industries
In a significant move on Tuesday, the White House announced that President Joe Biden has decided to impose increased tariffs on a range of Chinese goods, escalating tensions between Washington and Beijing. The new policy targets key sectors including electric vehicles, semiconductors, and various minerals, marking a major step in the U.S. government’s efforts to…
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EIA: US crude inventories down by 6.4 million barrels
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 6.4 million barrels to 453.6 million barrels in the week ending April 19, the Energy Information Administration (EIA) stated in its report published on Wednesday. Oil refinery inputs averaged 15.9 million barrels per day (bpd)…
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US mortgage applications down 2.7%
Mortgage applications in the United States decreased by 2.7% on a seasonally adjusted basis in the week ending April 19, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed on Wednesday. According to the report, the average 30-year mortgage rate increased to 7.24% from 7.13%. The Refinance Index fell 6% compared to the previous…