Global shares steadied on Monday ahead of U.S. price data that investors are banking on to show a renewed moderation in inflation, while markets were on alert for Japanese intervention as the dollar tested the 160-yen barrier.
Shares in Boeing could face pressure after Reuters reported that U.S. prosecutors are recommending criminal charges be brought against the aircraft maker. Japan’s top currency official was out early to voice disapproval with the yen’s latest drop which saw the dollar reach as high as 159.94. “Fresh cyclical highs for the dollar versus the yen overnight, further intervention jawboning from Japan’s FX supremo Kanda and continued pressure on the yuan underline the pain being felt in Asia and EM more broadly from the Fed’s high for longer stance, and will probably revive ‘currency wars’ chatter,” Marc Ostwald, chief global economist at ADM Investor Services.Even the euro was testing recent highs at 170.87 yen , despite being saddled with a round of soft manufacturing surveys .
France’s far-right National Rally party and its allies were seen leading the first round of the country’s elections with 35.5% of the vote, according to a poll published on Sunday. “Note that low PCE deflator outcomes are needed to keep the y/y rate from rising through the course of this year given the string of low prints in the second half of 2023,” cautioned analysts at NAB.
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स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »