{"id":65160,"date":"2023-06-27T10:52:46","date_gmt":"2023-06-27T07:52:46","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=65160"},"modified":"2024-08-26T12:26:22","modified_gmt":"2024-08-26T09:26:22","slug":"the-battle-against-inflation-is-far-from-over","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/zh\/the-battle-against-inflation-is-far-from-over\/","title":{"rendered":"The battle against inflation, is far from over"},"content":{"rendered":"

During yesterday\u2019s American session, New York Fed President Williams, stated yesterday that \u201cRestoring price stability is of paramount importance\u201d, potentially hinting that the bank may not be done with raising interest rates just yet. In Yesterday\u2019s Asian session, we highlight the statements made by Japan\u2019s Finance Minister that \u201cif there are too many excessive moves, we will reply accordingly\u201d, hinting that the Government may intervene in the FX market in order to protect the Japanese Yen. Over in Europe, during yesterday\u2019s trading session, Germany\u2019s IFO Business Climate and Business Expectations figures for June, both indicated a continued deterioration in one of Europe\u2019s largest economies, as the economy remains in a technical recession. In the UK Equities markets, we note the deal between Aston Martin (#AstonMartin) and US EV maker Lucid Group, by giving up a 3.7% stake in the company, in return to gaining access to Lucid Group\u2019s proprietary technology, leading to Aston Martin\u2019s stock soaring by 14% following the announcement. In the US Equities markets, IBM (#IBM) announced it would be buying software company Apptio for $4.6 billion, as the cloud services and AI race continues to be at the forefront of market developments. In addition, Tesla\u2019s (#TSLA) stock dropped by nearly 2% following the announcement by GoldmanSachs (#GS) that the stock was downgraded to Neutral, yet in the grander scheme of things, a minor reduction may be insignificant in the long run. Concerns about the supply of wheat appear to be heating up, with the executive director of the Oklahoma Wheat Commission, stating this may be the most challenging year for producers in the last 50 years. Impacting not only the state of Oklahoma but also the state of Kansas which is right next door, spiking fears about the long-term supply of wheat. OPEC appears to be courting Guyana to join the group, potentially consolidating more power across oil producers around the world.<\/p>\n\n\n\n

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