Global Economic Overview - 03/11/2023

NEWS AND MARKET COMMENTARY

Global Equities

• Dow Rises More Than 500 Points as Investors Bet on End to Fed Hikes
• Europe Stocks Close 1.6% Higher as Investors React to Fed, Earnings; Bank of England Holds Rates

Global Fixed Income

• UK Bonds, Stocks Surge as BoE Keeps Rates on Hold
• Why are Bonds Still Rallying?

Currencies

• Dollar Weakens as Risk Appetite Rises on View Fed Rate Hikes are Done
• Pound Sterling Remains Upbeat on Steady BoE Policy, Cheerful Sentiment

Energy

• Crude Oil Markets Give Up Early Gains
• EOG Resources Beats Quarterly Profit Estimates on Strong Production

Metals

• Gold Markets Recover Slightly on Thursday
• Silver Rallies to Reach the Top of a Bullish Flag

Global Politics/News

• Japan Unveils $113 Billion Package to Cushion Inflation
• Ukraine War: General Calls War “Stalemate,” Roils Congress ?

Relevant Government Reports

World Agriculture Supply and Demand Estimates (WASDE)

USDA Agency Reports

Producer Price Index (PPI)

Consumer Price Index (CPI)

U.S. Treasury Report

Fed Report

EIA Reports

EIA Summary

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No Commentary

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DISCLAIMER: The Information and data contained herein was obtained from sources deemed reliable. The accuracy and completeness are not guaranteed

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