EWA News and Press, iShares MSCI Australia Index Fund From 06/08/24

2024-06-08 05:05:00 ET Summary The ECB and Bank of Canada cut rates this week, with markets seeing the global central bank community's easing cycle now underway. Booming markets have a way of disregarding corrosive fundamental factors. Especially in today's backdrop, there are com...

2024-06-07 07:50:35 ET Summary The dollar is little changed against the major currencies ahead of the US jobs report. The odds of two Fed cuts this year are now near 90%, double a week ago. US index futures are little changed now and are up 2.0%-2.5% this week. Ove...

2024-06-06 07:35:00 ET Summary The dollar is mostly softer today, ahead of tomorrow's employment report. We suspect ECB officials will try to deliver a hawkish cut, by which we mean, framing the move to avoid the market driving down interest rates. The euro is in the upper end...

2024-06-06 02:51:20 ET Australia's trade surplus on goods widened to A$6.55 billion in April 2024 from a downwardly revised A$4.84 billion in the previous month, surpassing market forecasts of A$5.40 billion, as exports fell less than imports.... Read the full article on Seeking Alpha...

2024-06-05 03:05:00 ET Summary First quarter 2024 GDP growth slowed to just 0.1% QoQ. This brings the annual growth rate down from 1.5% to 1.1%. But while growth is slowing, inflation remains sticky - providing the Reserve Bank of Australia with a policy headache. Until r...

2024-06-05 02:43:18 ET The Judo Bank Flash Australia Services PMI Business Activity Index fell to 52.5 in May, down from 53.6 in April, according to final readings.... Read the full article on Seeking Alpha For further details see: Australia's services PMI expands for 4th mo...

2024-06-05 01:58:07 ET Australia’s economy grew 0.1% in the first quarter, slowing from a 0.3% rise in the preceding quarter and missing market forecasts of 0.2%. This was the 10th period of quarterly growth but the softest pace in 6 quarters, amid subdued domestic demand, a fu...

2024-06-04 15:40:00 ET Summary Equities here in the US have gotten off to a weak start this month, with the S&P 500 down modestly over the past couple of sessions. The US-traded ETF that tracks Mexican stocks is down 8.3% month-to-date and 12.3% year-to-date. Averaging acr...

2024-06-01 05:55:46 ET Summary Markets for the most part corroborated the "higher for longer" and rising global yields thesis. The Nasdaq 100 declined 0.7% Wednesday in bearish trading action, as the Semiconductors slumped 1.9%. The yen has ominously little to show for the mon...

2024-05-31 01:20:00 ET Summary Europe seems extremely likely to cut rates in June, in my view, as progress on inflation has been significant. Inflation has slowed, and I give the Bank of Canada a 50/50 chance of a rate cut at its June meeting. The Federal Reserve seems poised ...