Dow Jones finds out the ceasefire was load-bearing

Dow Jones finds out the ceasefire was load-bearing

The Dow Jones Industrial Average (DJIA) fell about 1.2% on Wednesday, a near 600-point slide that settled just under 50,250 after tagging session lows around 50,150. The awkward part is that the scheduled risk behaved: May Consumer Price Index (CPI) data landed on forecast and leaned friendly underneath, yet the index still booked its heaviest […]

Hawkish Norges Bank underpins strength – BBH

Hawkish Norges Bank underpins strength – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September. After a surprise 25 bps hike in May, Norges Bank keeps the door open for another increase, with elevated energy prices supporting a firmer NOK, the […]

expected to miss June monetary policy

expected to miss June monetary policy

Bank of Japan (BoJ) Governor Kazuo Ueda has been hospitalized, according to a statement released by the central bank. Additionally, Ueda would not be able to attend the next two-day monetary policy meeting scheduled for June 15-16, and Deputy Governor Ryozo Himino would chair the policy meeting, while Deputy Shinichi Uchida would hold the afternoon […]