Wyllian Capucci
06/14/2021
Take off
Federal Reserve officials will meet tomorrow and Wednesday with their latest decision tomonetary policy set to include updated forecasts. Economists expect thecalled a dot chart points to an interest rate increase in 2023, while thebank is not expected to signal a reduction in bond purchases until the end of this year. The marketstock market remains very calm about Fed policy, with the president’s messageJerome Powell on the transient nature of inflation being clearly addressed. From the otherAtlantic side, there are signs of tensions emerging at the European Central Bank about the momentwithdrawal of emergency support.
G-7
Although the first meeting of the leaders of the Group of Seven nations in two years haselapsed with little of the bluster of the Trump era, it was clear that the differencesremain on key issues. The statement at the end of the meeting promised more doses ofvaccine for the poorest countries, attacked China because of human rights and asked thatRussia did more with hackers. Discussions among European leaders about Brexitrose in the dome. President Joe Biden is in Brussels this morning for a meetingfrom NATO before heading for a face-to-face meeting with Russian President Vladimir Putin,on Wednesday in Geneva
Winning
Oil hit the highest level in 32 months with a barrel of West Texas Intermediatefor July delivery trading above $71.50 this morning. the oil isincreasing as people in Europe and the United States get back on the road andair. While negotiations with Iran continue, and appear to advance ahead of electionsin that country this week, there is less fear that the return of its production to destabilizeto the market
Markets go up
Global equities are rising again this morning as sovereign debt recoverslosing strength. Overnight, the MSCI Asia Pacific index added 0.1%, while the indexJapan’s Topix closed 0.3% higher. In Europe, the Stoxx 600 Index gained 0.3% at 6:55 am,Brasília time, with the energy companies being the biggest winners. The S&P Futures500 pointed to a small increase in the opening, the 10-year Treasury yieldit was at 1.465% and gold fell
Coming
The US economic data is pretty clear this morning with sales ofCanadian manufacturing in April at 9:30 am being the only US data worthy ofnote. The NATO summit begins in Brussels, with Biden scheduled to meet with theTurkish president Recep Tayyip Erdogan today. Plug Power Inc., one of the meme stocksoriginals, reports earnings
Source:https://wintrademarkets.com/
