Market Overview Archive

The Bank of Canada cut the rate again by 0.5%. Today, traders' attention is directed to the SNB meeting

2024.12.12

At its December meeting, the Bank of Canada (BoC) cut its key interest rate by 50 bps for the second consecutive time, as expected by the markets. This brought the cumulative rate cut to 175 bps from...

Inflation is rising in Germany. Silver prices hit a one-month high

2024.12.11

German annual inflation rose to 2.2% in November 2024 from 2% in October, which is in line with preliminary estimates and the highest in four months. Core inflation, which excludes volatile food and e...

The RBA kept the rate at 4.35%. China plans to actively stimulate the economy in 2025

2024.12.10

Advanced Micro Devices (AMD) shares closed down more than 5% after Bank of America Global Research downgraded the stock to "Neutral" from "Buy," citing downside risks to the company's 2025 expectation...

The NFP report increased the likelihood of a Fed rate cut next week. China still fails to stoke inflation with stimulus

2024.12.09

China's annual inflation rate unexpectedly fell to 0.2% in November 2024 from 0.3% in the previous month, missing market estimates of 0.5% and the lowest since June. The slowdown showed the country's...

Week's main events Week's main events (December 09 – December 13)

2024.12.09

The focus this week is on global central banks meetings and inflation data

OPEC+ countries postponed production cuts until spring. The Reserve Bank of India (RBI) unexpectedly lowered the cash reserve ratio

2024.12.06

The Reserve Bank of India (RBI) unexpectedly cut the cash reserve ratio (CRR) by 50 basis points to 4.0%, the first cut since April 2020. The RBI governor said the decision was in line with the centra...

Bitcoin has surpassed the $100,000 mark for the first time. Today, the focus of oil traders is on the OPEC+ meeting

2024.12.05

Bitcoin prices soared above the key $100,000 mark on Thursday, hitting new all-time highs, as Donald Trump's imminent return to the White House sparked optimism for a more favorable regulatory environ...

Australian dollar declines amid weak GDP data. Short-term martial law was imposed in South Korea

2024.12.04

The Bank of Korea announced today that it will temporarily take measures to boost short-term liquidity in response to market volatility caused by the country's brief declaration of martial law.

ECB may go for a double rate cut in December. US stock indices continue to update historical highs

2024.12.03

ECB Governing Council spokesman Kazaks said that the ECB is likely to cut interest rates at next week's meeting and that a larger move is currently under discussion.

Donald Trump threatens the BRICS bloc with high tariffs. The Canadian dollar fell after weak GDP data

2024.12.02

Canada's third-quarter GDP grew at a 1% annualized rate after an upwardly revised 2.2% in the second quarter, which was in line with market expectations but short of the Central Bank's estimate of 1.5...