Global Economic Overview - 14/08/2023

Global Economic Overview - 14/08/2023

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NEWS AND MARKET COMMENTARY

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Global Equities

·???Nasdaq Slips, Dow Up After More Inflation Data Shows Pickup

·???European Stocks Are Set to Erase Weekly Gains Policy Worries

Global Fixed Income

·???Bonds Bleed After a Weak Auction, USD/JPY Climbs Higher

·???Euro Zone Bond Yields Follow U.S. Peers Higher

Currencies

·???Australian Dollar Trades Flat on Chinese Credit Concerns, US Inflation Data

·???What’s Next for Yen, Euro, and Pound Sterling Amid U.S. Dollar Volatility?

Energy

·???India’s Russia Oil Buying Spree Goes on Even as Prices Rise

·???Crude Oil Edges Higher On Bullish IEA Report; U.S. PPI Weighs

Metals

·???Gold Prices to Breach All-Time Highs? Some Expect Bullion to Hit $2,500

·???XAG/USD Hangs Near One-Month Low, Seems Vulnerable to Slide Further

Global Politics/News

·???Wall Street is Mixed After Pickup in Wholesale Inflation

·???U.S. Sanctions 4 of Russia’s Financial Elite; Russian Strike On Hotel Kills 1


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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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