The major Asian stock markets had a mixed day today:
The major Asian currency markets had a mixed day today:
Some economic news from last night:
CPI (YoY) (Mar) decreased from 1.0% to 0.7%
CPI (MoM) (Mar) increased from -0.5% to -0.3%
PPI (YoY) (Mar) decreased form -1.4% to -2.5%
NAB Business Confidence (Mar) increased from -4 to -1
Westpac Consumer Sentiment (Apr) increased from 0.0% to 9.4%
Some economic news from today:
New Loans (Mar) increased from 1,810.0B to 3,890.0B
The major Europe stock markets had a green day today:
The major Europe currency markets had a mixed day today:
Some economic news from Europe today:
Mortgage Rate (GBP) (Mar) increased from 7.02% to 7.22%
Retail Sales (MoM) (Feb) decreased from 0.8% to -0.8%
The International Monetary Fund issued a dire warning for the economy at large, as they do not expect the global economy to return to what it was pre-pandemic. Global growth is projected to be 3% this year, which is the lowest mid forecast in three decades. “A hard landing — particularly for advanced economies — has become a much larger risk. Policymakers may face difficult trade-offs to bring sticky inflation down and maintain growth while also preserving financial stability,” the IMF said. The IMF called the “anemic” outlook a reflection of tight policies, the war in Ukraine, and a “recent deterioration in financial conditions.”
US Market Closings:
Canada Market Closings:
Brazil Market Closing:
The oil markets had a mixed day today:
The above data was collected around 12:22 EST on Tuesday
The above data was collected around 12:28 EST Tuesday.
Japan 0.452% (-1bp), US 2’s 4.07% (+0.060%), US 10’s 3.4506% (+3.56bps); US 30’s 3.64% (+0.010%), Bunds 2.311% (+13bp), France 2.831% (+12.5bp), Italy 4.173% (+14.6bp), Turkey 12.06% (+34bp), Greece 4.231% (+15.1bp), Portugal 3.197% (+13.3bp); Spain 3.363% (+11.3bp) and UK Gilts 3.540% (+10.7bp).
The post Market Talk – April 11, 2023 first appeared on Armstrong Economics.