The regular Monday recap is here! Last trading week was busy with central banks and inflation. Let's recap the highlights together to keep us in the loop for the current week!
On Wednesday, we focused our attention on the monetary policy meeting of the European Central Bank (ECB), which raised the key interest rate by 25 basis points to 4 %.
The UK unemployment rate surprised market estimates and fell from 3.9 % to 3.8 %.
The attention of the entire market was focused on Wednesday's Fed meeting, which, as expected, left rates unchanged.
On Thursday morning we got data from the Australian labour market, which was on a positive note and surprised above market estimates.
What's in store for us in the current week?
In this trading week, we turn our attention to the events listed below:
Wednesday: 8:00 - UK inflation
16:00 - Fed Chair Powell addresses the committee