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Wednesday, June 19, 2024

American Market Recap: UK services inflation is a headache

UK services inflation is a headache

The pound is flat today at 1.2715 in part because the US is on holiday but there was some minor selling earlier after a softer UK CPI print. Inflation was up 0.3% m/m compared to 0.4% expected but it... 

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BOC Minutes: Governing Council considered waiting until July to cut rates

Members recognized chance of inflation stalling but there was a consensus that indicators showed enough progress to warrant a cut Members agreed that future easing would likely be gradual, timing woul... 

Canada's population continues to surge as it hits 41 million

Canadians are quickly turning against immigration as the country's population continues to swell at a breakneck pace. The population surpassed 41 million for the first time on April 1, according to St... 

What's priced in for the Bank of Canada

The Bank of Canada kicked off a rate-cutting cycle this month and now the question is: How quickly will the cuts continue? Governor Tiff Macklem said they are taking decisions one meeting at a time an... 

European equity close: Modest declines with France struggling

UK FTSE 100 daily Closing changes: Stoxx 600 -0.2% German DAX -0.4% UK FTSE 100 +0.1% French CAC -0.8% Italy MIB -0.3% Spain IBEX -0.2% The latest poll forecasts the UK Conservative leader Rishi Sunak... 

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FX option expiries for 19 June 10am New York cut

There are just two to take note of on the day, as highlighted in bold . The first one being for EUR/USD at the 1.0745 level. That is likely to help keep price action in the pair more muted, sticking c... 

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