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Market Update – April 20 – Markets Tread Water

Market Update – April 20 – Markets Tread Water

It is important to note that the word “you” means “you”. USD The USDIndex continues to rotate. 101.65) Hotter UK inflation data added to more global concerns that core price pressures remain too elevated & the Beige Book The Fed was not able to provide evidence that the credit conditions were tightening enough for it to be excused from further action. FOMC, ECB & BOE What if you hiked in May and then diverged in the summer? Stocks Earnings for Abbott Labs were strong, but overall flat. +7.82% IBM, TSMC & WAL +24.12%Morgan Stanley) and others missed (#TSLA, -6% After hours. Asian markets are subdued after PBOC leaves rates unchanged. NZD Underperforms The Fed’s inflation target is to reduce the rate of inflation. Fed’s Williams & Goolsbee reiterated that inflation is still “too high” and the FOMC will “act”. ECB’s Knot “too early to talk about a pause in rate hikes”.
Overnight RBNZ Measure of inflation Q1 2023 5.7% vs. 5.8%, German March PPI -2.6% vs -0.5%.
  • FXUSDIndex Rotates at 101.65, EUR Holds at 1.0970 The following are some examples of how to get started: The following are some of the reasons why you should consider hiring someone elsePY Pushing to the over 135.00 Before declining, 134.50. STerling Trades and inflation data at  1.2470.  
  • Stocks – US markets close flat again-0.23% – 0.03%) #US500 Closed at 4154.US500 FUTs are available at 4167 Below the…

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