EUR/USD 1.15424
-0.457%
Gold 4285.03
-1.458%
Oil 98.660
1.587%
USD/JPY 154.466
0.509%
GBP/USD 1.34872
-0.287%
GBP/JPY 208.336
0.221%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 14th, it was learned that the State Administration for Market Regulation (CNMR) recently issued the "Announcement on Strengthening the Management of Certification Information Reporting and Certification Certificate Information Inquiry," outlining reforms to the management of certification information reporting and certification certificate inquiry. The "Announcement" clarifies the requirements for full-cycle information reporting. It stipulates that certification bodies must report relevant certification information to the CNMR within the prescribed time limits, achieving standardized and comprehensive information reporting for certification activities. Going forward, the CNMR will strengthen supervision and inspection of the implementation of the "Announcement," promoting certification bodies to strictly fulfill their responsibilities for information reporting and certificate inquiry services, and continuously enhancing the credibility of quality certification.On September 14th, UK government bond yields rose again in early trading, hitting multi-year highs across all maturities, driven by escalating oil price spikes due to escalating supply tensions in the Middle East. According to LSEG data, the 30-year bond yield rose to 5.951%, its highest level since March 1998, while the 5-year yield reached its highest level since July 2008. Investors are betting that the Bank of England will gradually tighten monetary policy over the next year as inflationary pressures from rising oil prices increase. This trend has further weakened the buffer between the UKs existing budget plan and fiscal rules. Furthermore, the UKs short-term bonds have underperformed similar bond markets in other major economies—a phenomenon particularly evident during periods of high oil and gas prices, reflecting the UKs dependence on imported energy. Sahil Mahtani, head of the Ninety One Investment Institute, said: "The unsettling signal from the government bond market is that this situation is being interpreted as a problem of UK inflation. The UK, like other countries, has been affected by the same global shocks, but the market is demanding far greater compensation for the UKs inflation risk. This is one of the reasons why the government cannot simply attribute the sell-off to external factors."The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.6 occurred at 17:07 on September 14 near Mojiang County, Puer City, Yunnan Province (23.15 degrees north latitude, 101.61 degrees east longitude). The final result is subject to the official rapid report.Nvidia (NVDA.O) shares fell 3% in pre-market trading.The yield on 30-year UK government bonds reached 5.951%, the highest level since February 1998.

Stock Bulls Remain Optimistic As Manufacturing Inflation Slows, According to Data

Daniel Rogers

May 16, 2022 11:04

 截屏2022-05-16 上午10.21.15.png

 

As data indicates a deceleration in manufacturing inflation, stock market bulls remain exceedingly cautious but are slightly more bullish. The Producer Price Index increased by 11 percent year-over-year in April, which was higher than anticipated but a significant decrease from March's 11.5 percent increase. As producer prices lead consumer prices, the report is generally positive, although markets and the Fed will need to observe a few more months of decreases before pronouncing that inflation is actually moderating.

Inflation

Economists also caution that products inflation may be declining because consumer demand is shifting away from items and toward services, suggesting that high prices may be migrating from one sector of the economy to another. The most recent data indicates that prices for services are increasing at the quickest rate in 30 years, with airfare leading the way. Even if inflation has reached its top, the question is how long it will remain elevated.

 

Chairman of the Federal Reserve Jerome Powell cautioned Monday that the central bank cannot guarantee a "smooth landing" for the economy, citing the tight labor market and continued supply chain disruptions. Powell also emphasized that other "big events," including as Russia's war in Ukraine, are currently playing significant roles that are outside the Fed's control. Powell made the remarks after receiving Senate confirmation for a second four-year term.

 

The target inflation rate of the central bank is still "flexible +2 percent," but a number of officials have hinted that the new norm may be in the range of +2.5 percent to +3 percent. The Core PCE Prices Index, which stood at +5.2 percent in March, is one of the primary (but not the only) indicators used by the Fed to assess the rate of inflation. The April reading is expected to be released on May 27, a couple weeks before the Fed's next meeting on June 14-15.

Data to Monitor

Recent consumer data has sent mixed signals that are difficult to decipher. Since the beginning of the year, sentiment has largely declined, but consumer spending has showed no indications of slowing.

 

On Tuesday of the next week, April Retail Sales will provide an update on consumer spending. Next week, a flurry of new housing statistics will shed light on how significantly increased mortgage rates may be affecting the market. The May NAHB Housing Market Index is released on Tuesday, followed by April Housing Starts and April Existing Home Sales on Wednesday and Thursday, respectively.

 

Home Depot and Walmart will report earnings on Tuesday, followed by Cisco, Lowe's, Target, and TJX Companies on Wednesday; Applied Materials, Palo Alto Networks, and Ross Stores on Thursday; and Deere & Co. on Friday.

Suggestion