PREVIOUS TRADING DAY EVENTS 28 March 2023

Announcements 

BoE Governor Bailey is giving a series of speeches after the bank raised rates to their highest level for 14 years. He warns firms that raising prices would be critical for the economy, hurting a lot of people and the bank would need to raise rates again. Furthermore, Bailey says no stress was generated in the UK banking system by recent problems that have triggered turmoil in other sectors and countries. He pointed out, though, that global markets are testing the banking sector for signs of trouble after the failure of Silicon Valley Bank and the rescue of Credit Suisse Group AG.
Source httpswww.bloomberg.comnewsarticles20230328boegovernorsaysglobalmarketsaretestingbanksforweaknessxj4y7vzkg

The Bank of Japans latest release on the CPI change in the price of goods and services purchased by consumers, excluding food and energy shows 2.7 inflation rate against the expected 3.
Sourcehttpswww.boj.or.jpenresearchresearchdatacpiindex.htm

CB Consumer Confidence

The Conference Board Consumer Confidence Index increased slightly in March to 104.2 1985100, higher than 103.4 in February. It improved but remains below the average level reported in 2022 104.5. Consumer expectations of inflation over the next 12 months remain elevatedat 6.3 per cent.
Source httpswww.conferenceboard.orgtopicsconsumerconfidence

Summary Daily Moves Winners vs Losers 28 March 2023

Yesterday, silver moved the most upwards…