SPEU News and Press, SPDR® Portfolio Europe ETF From 09/15/23

2023-09-15 19:55:00 ET Summary Federal Reserve could be cautious as data continues to show economic resilience. BoE may raise rates for the last time in this cycle. BoJ eyed for more clues on interest rates after recent hints. US The main event of the week wi...

2023-09-14 09:20:00 ET Summary The ECB just announced its tenth consecutive policy rate hike since July last year, hiking all interest rates by 25bp. Higher inflation and inflation forecasts look like the main drivers of the hike. The ECB's communication is clear: today was th...

2023-09-14 05:20:00 ET Summary A hike from the ECB today may have limited impact, as a total of 25bp of tightening is already fully priced before year-end. Raising rates today would probably be largely interpreted as pulling forward that final hike, but the appetite to price in mo...

2023-09-13 07:05:00 ET Summary The US dollar is trading stronger against all G10 currencies ahead of the US CPI report. The euro remains weak despite speculation of an ECB rate hike. Equities and bonds are down, with most Asian markets falling and European benchmark yields ris...

2023-09-12 11:30:00 ET Summary Markets are torn. Will the ECB hike this week or not? We think it will, but we look at how different scenarios can impact rates and FX. Even in our base case, we suspect that convincing markets that this is not the peak will be very hard, and dovish ...

2023-09-12 10:25:00 ET Summary Markets have been quick to react to individual data points without taking a step back to look at the bigger picture for the US, which is one of economic slowing and disinflation. The Bank of Canada erred on the side of caution and enacted another pau...

2023-09-12 00:25:00 ET Summary In August, China’s exports declined 8.8% vs. the same month a year ago. This was bad, but better than July’s 14.5% decline. China’s imports also declined 7.3% in August, which was bad but better than the 12.4% decline in July. ...

2023-09-11 21:25:00 ET Summary As of last Friday, the Chinese yuan depreciated to a 15-year low against the dollar, to close last week at 7.3640 ($0.1358) on the USDCNY exchange rate. The U.S. stock market generally has a negative correlation with the yuan, albeit not a perfect on...

2023-09-11 14:15:00 ET Summary Market narratives have flip-flopped through the year as the new macro regime plays out. We stay selective amid stagnating activity and volatile inflation. U.S. stocks dipped and bond yields climbed after solid U.S. services data. Markets are coming a...

2023-09-09 07:45:00 ET Summary The US dollar's strength in the foreign exchange market is in stark contrast to the economic performance of Europe, Japan, and China. The Dollar Index has experienced an eight-week rally, the longest in nine years, and the dollar's role in internatio...