Global markets in perspective.
Peregrine Wealth Limited recently hosted a live presentation that shed light on our global economic outlook
Tuesday’s Federal Open Market Committee (FOMC) minutes revealed a unanimous decision by US Federal Reserve (Fed) officials to maintain the benchmark lending rate within the 5.25% to 5.5% range for the second consecutive meeting.
In a surprising twist to the recent market narrative, the United States’ October Consumer Price Index (CPI) print came in at 3.2%, slightly below the expected 3.3%.
Stock exchanges worldwide are grappling with a decline in stock listings when compared to the number of exits. A comparative analysis by industry experts across the globe indicates that Luxembourg and Frankfurt, for example, have experienced substantial declines of 52% and 35%, respectively.
The Chair of the US Fed, Jerome Powell, announced the decision to leave interest rates unchanged in the most recent Federal Open Market Committee meeting. Powell’s remarks hinted that there might not be further rate increases this year, particularly given the cooling US economy.
According to the International Monetary Fund’s (IMF) latest world economic outlook report, the top five countries, in descending order, in terms of expected gross domestic product (GDP) growth in 2024
US Federal Reserve (Fed) Chair, Jerome Powell’s speech on Thursday at the Economic Club of New York had investors on edge, as they feared a potential hawkish tone, following the more dovish sentiment of the recent Federal Open Market Committee (FOMC) meeting minutes.
The sudden and substantial attack launched by Hamas on Israel during the early hours of last Saturday morning has introduced a highly destabilising element into the global geopolitical landscape.
The recent bond market selloff, along with the accompanying rise in yields, has significant implications for global financial markets – including stocks, corporate bonds, and even mortgage rates – and makes it a critical development for investors and policymakers to monitor closely.
The surge in oil prices, with Brent Crude futures hitting a near-one-year high of $97.80/barrel, poses significant challenges to both central bankers and global markets.
The Central Bank of the Republic of Türkiye has taken a significant step in addressing its economic challenges by raising its key interest rate by five percentage points to 30%. This move, the second consecutive month of aggressive tightening
The United States (US) Federal Reserve (Fed) started its rate hiking cycle in March 2022 and, having raised rates by a total of 525 basis points since then, went from an interest rate range of zero to 0.25% to a range of 5.25% to 5.50% by July 2023.