(CercleFinance.com)-Deutsche Bank is making a noise in the bond market in a study that envisions the FRB’s main interest rate final target of 5-6% instead of 3-35% (currently the next 9- In 12 months, inflation should peak in March or April 2022, return to 4.5 / 5% at the end of the year, and return to 3% at the end of the first quarter of 2023.
But it didn’t bother US investors across the Atlantic: T-Bonds eased from -6.5 Pts to 2.7600%, but Wall Street plummeted in the middle of the session, -3% in Nasdaq. It became close. The Dow Jones fell -1.9% to 33,400 points.
In the euro area, after a strong improvement on Monday (-9 points on OAT, -7 points on band), the trend on Tuesday remains positive, with -1.5 points for band and -0.5 base point for OAT, 0 and 8290 respectively. %, 1.3140%. (This is much worse than the morning when earnings fell by -4% and -3%, respectively.
Further south, Italy’s BTP is 2.54% and 1.793%, erasing -5.4pts and Bonos erasing -4pts.
For indicators, investors focused on US durable goods orders. It increased by 0.8% in March, especially due to the increase in communication equipment and automobiles.
However, following a 1.7% contraction in February, this figure is lower than economists expected to rebound from 1.1% to 1.3% last month.
This one-month figure is primarily explained by a 2.6% increase in orders for computer equipment and electronic products.
The Department of Commerce announced that new home sales in the United States fell 8.6% in March. That is, the amount of CVS per year was 763,000 (corrected) compared to 835,000 in February.
Median new home sales in the United States were $ 436,700 last month. With 407,000 units at the end of March, the inventory of new homes ready for sale is equivalent to 6.4 months at current flow rates.
Consumer confidence in the United States deteriorated slightly in April, a monthly survey by the Conference Board released on Tuesday shows.
The confidence index compiled by employers’ organizations fell from 107.6 in March to 107.3 this month, but economists predict a further significant decline, around 106 points.
The sub-index, which measures consumer judgment about the current situation, fell from 153.8 in March to 152.6, while the forecast sub-index rose from 76.7 to 77.2 last month.
The market welcomed the surprising decision of the Central Bank of China this morning to reduce the reserve requirement ratio for foreign currency deposits from the current 9% to 8% from May 15.
The People’s Bank of China said in a statement that the move was aimed at strengthening the foreign currency liquidity management of financial institutions.
Beijing has also released a set of guidelines aimed at resolving bottlenecks, stimulating consumption and addressing the impact of the resurgence of the Covid-19 epidemic in the country.
Following these measures, the Hang Seng Index recovered almost 1% the day after the sharp drop (-4%), and the Tokyo Stock Exchange Nikkei ended the session on the order of 0.6%.
The yuan has fallen by -5% in just one month and continues to fall.