The British pound (FXB) fell against most of the major currencies in the previous week as markets digested the surprisingly hawkish tone of the Bank of England’s (or BOE) monetary policy statement.
The US dollar (UUP) index continued to be confined to a range with the US Dollar Index closing for the week at 97.5, a change of 0.09% as compared to last week’s close of 97.2.
US Treasuries (GOVT) had a mixed response to the FOMC statement and the Fed’s interest rate hike.
The Fed’s decision had a limited impact on the S&P 500 (SPY), which closed last week at 2,433.2, a gain of 0.06% for the week.
In this series, we’ll analyze how different asset classes like bonds (BND) and global equities (VTI) reacted to last week’s central bank events.
The US Dollar Index lost momentum at the end of last week and closed the week almost flat. The US Dollar Index is stable in the early hours on June 19.
Amazon announced that it will acquire Whole Foods. The announcement raised speculations about how the move could change the retail industry.
After losing momentum in the middle of the week after the Fed raised interest rates, the S&P 500 closed the day with minute profits on June 16.
The United Kingdom’s FTSE 100 index fell in the first four trading days last week but it regained strength on Friday. It opened higher on June 19.
After losing momentum last week amid the technology sector sell-off, Hong Kong’s Hang Seng Index opened higher on June 19.
The leading economic index in Argentina rose 3.0% in May 2017 compared to 0.70% in April 2017.
Colombia’s (ICOL) GDP grew 1.1% year-over-year in 1Q17, lower than its 1.6% expansion in 1Q16.
The Mexican peso gained ~1% against the US dollar (USDU) in May 2017.
According to Peru’s Ministry of Economy and Finance, the El Niño–related infrastructure damages were close to $4 billion.
Chile’s economy grew 0.1% on a year-over-year basis in 1Q17, lower than the 0.5% expansion in 1Q16.
The Brazilian (FBZ) economy grew 1% on a quarter-on-quarter basis in 1Q17 compared to a downwardly revised 0.5% contraction in the previous month.
In May 2017, Latin American (ILF) equities declined amid the political chaos within some of its member nations. In this series, we’ll look at the economic performance of several Latin American countries.
The US dollar regained strength on Thursday and closed the day at one-month high price levels. The US Dollar Index is stable in the early hours on Friday.
The S&P 500 lost momentum on Wednesday amid the Fed’s interest rate hike decision. There wasn’t any substantial buying pressure in the S&P 500.
European markets opened higher on Friday amid news about Greece’s bailout. At 6:50 AM EST on June 16, the FTSE 100 Index was trading at 7,470.50.