U.S. Dollar Faces Volatile Week as Fed Policy Makers Line Up to Speak
“After months of diminishing volatility that left the dollar almost immune to Federal Reserve talk and data surprises, the world’s deepest and most liquid market is back to scrutinizing both — and just in time for one of the busiest weeks of the year. St. Louis Fed President James Bullard, Dallas Fed President Robert Kaplan and New York Fed President John Williams will speak on Monday before Chair Jerome Powell testifies to Congress on Tuesday. Friday will feature a reading on the central bank’s favored inflation gauge, while in between, other regional Fed chiefs discuss the economy and monetary policy.”
U.K. Housing Market Growth Slows as Record Prices Deter Buyers
“U.K. house price growth slowed in June as record prices and a lack of properties to purchase drained momentum from the market, Rightmove said. The nation’s largest online property portal said prices grew 0.8% this month after a 1.8% gain the month before, putting the average cost of a home at 336,073 pounds ($464,000). The increase is still the largest at this time of year since 2015, boosted by people seeking to leave London.”
China’s Falling Unemployment Masks a Lack of Jobs For the Young
“China’s unemployment rate has steadily dropped from last year’s pandemic peak though a lack of jobs for graduates and a shortage of skilled manufacturing workers point to underlying problems in the labor market. The urban jobless rate fell to a two-year low of 5% in May, official data showed last week, but unemployment for those between the ages of 16-24 — which captures graduates from school and college — was more than double that at 13.8%.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.