i listini europei hanno chiuso con il più pesante calo giornaliero degli ultimi due mesi, causa timori sui negoziati per il tetto al debito federale statunitense.
Il Segretario del Tesoro americano Yellen ha affermato, in maniera abbastanza decisa, che ci saranno alcune obbligazioni che non potranno essere realisticamente pagate. Scende ufficialmente in campo Ron DeSantis, che sfiderà Trump nella corsa per le primarie Repubblicane per la Casa Bianca. L’attuale Governatore dello Stato della Florida ha annunciato la sua candidatura su Twitter, in compagnia del cinguettante Elon Musk.
Giles Coghlan, Chief Market Analyst per HYCM, relativamente all’inflazione fa notare che anche se i forti aumenti dei prezzi registrati un anno fa sono ormai usciti dal confronto annuale il fatto che l’inflazione di fondo rimanga al 6,8% dimostra quanto sia radicata nell’economia. Per la Banca d’Inghilterra questo dato è molto preoccupante e rivela che c’è ancora molto lavoro da fare per riportare l’inflazione all’obiettivo del 2% fissato dalla BoE.
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The vast Ukrainian Nova Khakovka Dam has been destroyed in the Russian occupied region of Kherson, Ukraine releasing a torrent of water as concerns for residents and nuclear power facilities up and downstream grows.
Plans have been unveiled for a Universal Basic Income (UBI) trial in the UK, with the think tank Autonomy currently seeking financial backing. It is hoped that the trial will span over two years with participants receiving £1,600 each month and being in control of how they spend or save the funds.
Today all eyes are on US labour market data where the markets will be looking to gain an insight into the health of the US economy and the extent to which the jobs market is feeding into inflationary pressures ahead of the Fed’s meeting on 12 June.
Last night, the House comfortably passed the debt ceiling bill in arguably the most important stage in the process to ensure that the world’s largest economy averts a technical default. The House of Representatives cleared the Fiscal Responsibility Act by 314-117, the bipartisan deal assembled by President Joe Biden and House Speaker Kevin McCarthy.
Tonight, congress will vote on the bill agreed by President Joe Biden and House Speaker Kevin McCarthy, as the US tries to avert X-date by raising the debt ceiling. According to Reuters, “the deal caps federal spending and forces more poor people to work for food aid, concessions that Democrats hate. But it also preserves much of Biden's Inflation Reduction Act and punts the next debt ceiling showdown into 2025, which Republicans hate.”
As markets weigh on the Bank of England’s interest rate decision on 22 June, this morning’s hotter-than-expected inflation print has seen investors upwardly revise rate hike expectations. Indeed, market reaction to this morning’s print is a further reaffirmation that inflation continues to be the hottest topic of conversation.
The incumbent Recep Tayyip Erdogan has secured another five years as Turkey’s president following a run-off election which saw him take 52% of the votes, against Kemal Kilicdaroglu’s 48%
UK retail sales rose higher-than-expected this morning having increased 0.5% on a month-on-month basis for April. This beat market expectations of a 0.3% rise and came after a 1.2% fall last month.