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U.S. Consumer YearAhead Inflation Expectations Low, BOJ Keeps Rate Unchanged, U.S. Stocks Lower, Crude Oil Higher.

PREVIOUS TRADING DAY EVENTS 16 June 2023 Announcements The U.S. survey which asks respondents to rate the relative level of current and future economic conditions, University of Michigan UoM Consumer Sentiment survey has shown a higher index figure, 63.9 and it was above the expected figure. Shortterm inflation expectations fell, driving U.S. consumer sentiment higher. […]
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Nifty 50, Sensex Drop on ProfitTaking near Record Highs

BENGALURU, June 19 Reuters India39;s bluechip Nifty 50 and Sensex indexes declined on Monday due to profittaking as they approached their alltime highs, although the broader indexes extended their rally to record levels. The Nifty index closed 0.37 lower at 18,755.45, while the benchmark SP BSE Sensex fell 0.34 to 63,168.30. They rose as much as 0.30 […]
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London Stocks Lag as Miners Slip; AstraZeneca Weighs

AstraZeneca down on report of China business spin off plan Inflation data, BoE rate decision due this week Fashion retailer Next up on guidance raise FTSE 100 down 0.7, FTSE 250 off 0.9 June 19 Reuters The UK39;s resourcesheavy benchmark index slipped on Monday, dragged by mining stocks which tracked metal prices lower, while shares […]
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European Shares Fall, Sartorius Plunges on Forecast Cut

German stocks retreat from record high Airbus rises amid string of new orders MTU Aero Engines up on FY earnings outlook hike June 19 Reuters European shares fell on Monday, with FrancoGerman lab equipment maker Sartorius leading the declines, while investors cautiously awaited further stimulus measures from China to revive demand. The panEuropean STOXX 600 […]
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UK 2Year Mortgage Rates Top 6, Adding to Housing Strains

UK twoyear mortgage rates rise to 6.01, highest since Dec Stubborn inflation makes more BoE rate rises likely BoE expected to raise its main rate to 4.75 on Thursday Twoyear government bond yields highest since 2008 Government plays down prospect of aid for mortgageholders LONDON, June 19 Reuters Twoyear fixedrate borrowing costs for British homebuyers […]
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Goldman Sachs Cuts China Growth Forecast as Property Slowdown Bites

SINGAPORE, June 19 Reuters Goldman Sachs analysts have cut forecasts for China39;s economic growth, citing persistently weak confidence and the cloud over the property market as strongerthanexpected headwinds. The U.S. investment bank lowered its fullyear real gross domestic product growth forecast for the world39;s second biggest economy from 6 to 5.4, according to a note published […]
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Bank of England Launches First SectorWide Stress Test

LONDON, June 19 Reuters The Bank of England has launched its first systemwide stress test to establish how big banks, insurers, clearing houses and investment funds collectively behave during extreme stresses in markets, it said on Monday. The BoE had said in December that investment funds and other nonbank financial institutions would face their first 39;stress test39; […]
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