Rice Producer Price Index up 11% year-on-year in April-higher than expected-Bloomberg

The US Producer Price Index (PPI) in April increased year-on-year year-on-year, exceeding market expectations. It is suggested that consumer prices may remain high for longer than expected, and the US financial authorities are likely to maintain a positive rate hike stance. Key Point Overall PPI increased 11% year-on-year Median economist forecast for Bloomberg survey rises […]

ECB rate hikes are no longer an issue, speed is the focus-Lane Director-Bloomberg

The issue facing the European Central Bank (ECB) is not whether interest rates should be raised, but the speed, said Chief Economist Lane. “It doesn’t matter if we raise the central bank deposit rate by 0.5% right now,” Lane told Bloomberg Television on the 29th. “The scale and timing of interest rate normalization is a […]

U.S. Employment Cost Index Highs Ever-Inflation Concerns Deepen-Bloomberg

Employment costs in the United States rose more than expected in the first three months of the year, the highest statistical growth in the quarter. Concerns over persistent inflation are expected to force US monetary authorities to tighten policy tightening. Key Point January-March employment cost index (seasonally adjusted) increased by 1.4% from the previous quarter […]

US GDP, January-March unexpectedly negative-expansion of trade deficit, etc.-Bloomberg

The US economy in January-March (first quarter) shrank contrary to market expectations. It has been shrinking since 2020. Private consumption and private investment were strong, but were affected by the swelling trade deficit and slow inventory growth. Key Point Real Gross Domestic Product (GDP) preliminary figures for January-March decreased by 1.4% annually from the previous […]

Arquegos founder Juan charges US prosecutor for fraud-detention-Bloomberg

U.S. federal prosecutors accused Bill Hwang, 57, founder of Archegos Capital Management, a family office that suffered huge losses, and Patrick Harrigan, 45, chief financial officer.I was charged. Prosecutors said Juan used Alkegos as a “market manipulation and fraudulent tool” to artificially inflate the portfolio from $ 1.5 billion to $ 35 billion, resulting in […]

St. Louis Fed Governor Supports Rate Hike to 3-3.25% This Year-Bloomberg

The Federal Reserve Bank of St. Louis, Governor Bullard, said it would be desirable to raise the policy rate sharply to curb high inflation for the first time in 40 years. He also suggested support for a 0.5-point rate hike at the Federal Open Market Committee (FOMC) meeting in May and for financial authorities to […]

Treasury reverse yields, many suggesting subsequent rises in stocks-City-Bloomberg

Citigroup strategists point out that while reverse yields on US Treasuries can be seen as a warning sign of a recession, US stocks usually rise after a reverse yield occurs. Citi’s strategists, including Alexander Saunders, said in a report that historically, US stocks rose the year after the yields on US 2-year and 10-year bonds […]