Building Permits and Bank Capital Rules… *Building Permits for May, which we followed in Canada, increased by 10.5%, exceeding the 9.6% expectation. Building Permits decreased by 21% in April. *Fed Supervisory Vice Chairman Barr said he plans to propose many changes to bank capital rules in the coming months, adding that the current capital framework […]

US Employment Market Remained Strong… *The most important data of the day was undoubtedly the Non-Farm Payrolls report from the United States. US Non-Farm Payrolls Change: 209,000 (Expectation: 225,000; Previous: 339,000) US Unemployment Rate: 3.6% (Expectation: 3.6%; Previous: 3.7%) US Average Hourly Earnings (monthly): 0.4% (Expectation: 0.3%; Previous: 0.3%) US Non-Farm Payrolls came in below […]

ADP Non-Farm Employment Change Exceeded Expectations in the USA… *In the US, the ADP Nonfarm Employment Change for June significantly exceeded expectations, coming in at 497,000 compared to the anticipated 228,000. Following the release of this data, there were rapid increases in US 10-year and 2-year yields. US 10-year yields reached levels of 4.05%, while […]

We Will Follow FED’s Meeting Minutes at 21:00… *In the PMI data we tracked for the month of June, Germany’s services PMI declined from 57.2 to 54.1, the Eurozone services PMI dropped from 55.1 to 52.0, and the UK services PMI decreased from 55.2 to 53.7. *In the Eurozone, the producer price index for May […]

German Trade Surplus Fails Below Expectations… *The trade balance in Germany for May was expected to yield a surplus of 17.5 billion euros, but came in below expectations. The trade balance gave a surplus of € 14.4 billion. In the previous data, it was announced that a surplus of 16.5 billion euros was given. *In […]

Eurozone Manufacturing PMI Falls in June; ECB Signals Further Tightening… *Today and tomorrow, we would like to remind you that there may be decreases in the trading volumes of certain products and changes in trading hours due to the “US Independence Day” holiday. *While the manufacturing PMI in the Eurozone fell to 44.8 in May, […]

30/06/2023 Evening Reports 30/06/2023 Evening Reports 30/06/2023 Evening Reports We’re Closing the Month of June with US and Euro Zone Data… The May PCE price index, a key inflation indicator in the USA, was announced at 15:30 CET. Following the data release, the US Dollar index and US 10-year bond yield slightly declined, while Ounce […]

The US Economy Has Grown Above Expectations ! FED Chairman Powell spoke about monetary policy at the ECB Forum today at 09:30 CEST. He indicated that the FED plans to raise interest rates twice more this year, highlighting the robustness of inflation and the job market. The FED places importance on the strength of the […]

FED, ECB and BOE Will Continue Tightening, BOJ Divides… *We followed the panel discussion at the European Central Bank conference held in Sintra, Portugal, with the participation of the heads of four major central banks. ECB President Lagarde, Fed Chairman Powell, BOE Governor Bailey, and BOJ Governor Ueda made statements regarding monetary policy. ECB, Fed, […]

Lagarde’s Statements and US Data Make an Impact on the Market… *We followed the Durable Goods Orders data in the US at 15:30. While the headline figure was reported at 1.7%, the core data came in at 0.6%. Despite this data coming in above expectations, it did not recover the Dollar Index, and the currency […]