Global Market Report - 13 Jun 2022

Gold Spot

Gold prices bounced back in volatile trading on Friday, as focus turned to economic risks after elevated U.S. inflation readings bolstered bets for aggressive interest rate hikes. But the safe-haven asset soon erased losses as investors assessed the economic repercussions, with bullion getting a further fillip after the University of Michigan’s survey showed U.S. consumer sentiment plunged to a record low in early June amid soaring gasoline prices.

Technical Resistance: 1878/1890

Technical support: 1865/1850

Market headlines:

Economic data:                

  • 2022 Malaysia time 2:00 pm – U.K. Manufacturing Production (MoM) (Apr)

Wall Street suffers biggest weekly loss since January after hot CPI data

U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve. Tech and growth stocks, whose valuations rely more heavily on future cash flows, led the decline. Microsoft Corp (MSFT.O), Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) drove losses in the S&P 500.

Sterling tumbles more than 1% vs dollar after U.S. inflation data

terling fell by more than 1% on Friday and was set for a second consecutive week of declines against the U.S. dollar as Britain's gloomy economic outlook left investors on edge while strong U.S. inflation data boosted the greenback. The pound fell below $1.24 after data showed that U.S. consumer prices accelerated in May, suggesting that the Federal Reserve could continue with its 50 basis point interest rate hikes through September to combat inflation. The Bank of England is expected to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in 25 years.

Japan edges closer to intervention in yen

apan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows. The statement underscores growing concern among policymakers over the damage that sharp yen depreciation could inflict on Japan's fragile economy by hurting business activity and consumers.

Source: Bloomberg, Investing.com, Reuters

黄金现货

金价周五在震荡交投中反弹,因美国通胀数据上升提振了对大幅加息的押注,焦点转向经济风险。 但随着投资者评估经济影响,避险资产很快就抹去了损失,在密歇根大学的调查显示,由于汽油价格飙升,美国消费者信心在 6 月初跌至历史低点,金价进一步上涨。

技术阻力:1878/1890

技术支持 :1865/1850

主要头条:

• CPI数据炙手可热,华尔街遭遇1月以来最大单周跌幅

• 美国通胀数据公布后,英镑兑美元下跌逾 1%

• 日本接近干预日元

• 美元兑马币交易 4.4140

经济数据:

  • 2022年6月13日,马来西亚时间 2:00 pm – 英国GDP季率(%) (季度环比)
  • 2022年6月13日,马来西亚时间 2:00 pm – 英国制造业产出月率(%) (月度环比) (四月)
  • 2022年6月13日,马来西亚时间 2:00 pm – 英国3个月滚动GDP月率(%)

CPI数据炙手可热,华尔街遭遇1月以来最大单周跌幅

美国股市创下自 1 月份以来的最大单周百分比跌幅,周五收盘大幅下跌,原因是 5 月份美国消费者价格涨幅超过预期,引发了对美联储更激进加息的担忧。 估值更依赖未来现金流的科技股和成长股领跌。 微软 (MSFT.O)、亚马逊 (AMZN.O) 和苹果 (AAPL.O) 推动标准普尔 500 指数下跌。

美国通胀数据公布后,英镑兑美元下跌逾 1%

英镑周五下跌逾 1%,兑美元连续第二周下跌,因英国黯淡的经济前景令投资者紧张不安,而美国强劲的通胀数据提振美元。 在数据显示美国 5 月份消费者价格加速上涨后,英镑跌破 1.24 美元,这表明美联储可能会在 9 月份继续加息 50 个基点以对抗通胀。 预计英国央行将在下周进行自去年 12 月以来的第五次加息,这是 25 年来最大的一次加息。

日本接近干预日元

日本政府和央行周五在一份罕见的联合声明中表示,他们对近期日元的大幅下跌感到担忧,这是迄今为止最强烈的警告,即在日元跌至 20 年低点时,东京可能会进行干预以支撑日元。 该声明突显出决策者越来越担心日元大幅贬值可能通过损害商业活动和消费者对日本脆弱的经济造成损害。资料来源: Bloomberg, Investing.com, Reuters

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