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BoJ’s Ueda: Agreed that BOJ and government will continue to coordinate closely
Bank of Japan (BoJ) Governor Kazuo Ueda said after a meeting with Japan’s Prime Minister (PM) Sanae Takaichi that both the central bank and government will continue to coordinate closely. Ueda added, “The meeting was beneficial to all parties.”Fxstreet
Fri, May 22
Lagarde speech: Long-term inflation expectations broadly well-anchored
European Central Bank (ECB) President Christine Lagarde said on Friday that the long-term inflation expectations remain "broadly well-anchored," and reiterated that they are particularly attentive to the second-round effects.Fxstreet
Fri, May 22
Germany's IFO Business Climate unexpectedly improves to 84.9 in May vs. 84.2 estimates
The German IFO Institute Business Climate Index has unexpectedly improved to 84.9 in May, while it was expected to arrive lower at 84.2. The sentiment data in April has revised higher to 84.5 from 84.4.Fxstreet
Fri, May 22
Turkish Lira drops to record lows after Ankara court annuls 2023 leadership contest
USD/TRY rises after a slight decline in the previous day, reaching a record high of 45.7778 during the Asian hours on Friday. The pair appreciates as the Turkish Lira (TRY) drops due to political uncertainty that emerges after a top court ruling targeting the main opposition party.Fxstreet
Fri, May 22
United Kingdom Retail Sales fall 1.3% MoM in April vs. -0.6% expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) fell 1.3% month-over-month (MoM) in April after rising by a revised 0.6% in March, the latest data published by the Office for National Statistics (ONS) showed on Friday.
Fxstreet
Fri, May 22
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Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
US Nonfarm Payrolls expected to pick up in October
US October Nonfarm Payrolls Preview: Can Employment Rebound? US Stocks, Dollar and Gold Face Key Test
US Stocks Tumble as Nasdaq Drops Over 4%; Micron Plunges Over 12% on Fears Slowing AI Data Center Expansion Will Dent Infrastructure Demand
