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Category Archives: Pu Weekly Market Event Highlights

Pound Freefall Prompts BoE Emergency Bond-Buying

Written on September 29, 2022 at 3:11 am, by

The Bank of England, the UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability”. This comes as gilt yields were on course for record highs as investors exited UK’s bonds after the government announced underfunded tax cuts and increased spending even asContinue Reading

Sustained Rate Hikes Send Markets Tumbling

Written on September 22, 2022 at 3:43 am, by

On Tuesday (GMT+3), the US Federal Reserve hiked its benchmark interest rate by 0.75%, or 75 basis points. While the size of the hike was in line with market expectations, Fed Chair Jerome Powell signalled in his speech that further outsized rate hikes are to be expected, reiterating that the Fed will “keep at it“Continue Reading

Downbeat CPI Read Sends Shares Tumbling

Written on September 15, 2022 at 7:11 am, by

On Tuesday (GMT+3), the US released its year-on-year Consumer Price Index (CPI) figure, showing that inflation came in at 8.3%, higher than the expected 8.1% but lower than the previous month’s 8.5%. The month-on-month core CPI change, meanwhile, came in at an increase of 0.6% versus an expected increase of 0.3%. While gasoline prices haveContinue Reading