Crude oil also rallied above $51
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(PRWEB) June 15, 2016
Washington Capital Group has released its mid-June market report to it's clients. The excerpt below is just a brief snapshot of the depth Washington Capital Group goes into in their daily and weekly analysis of world markets befitting our boutique financial services firm which caters to an expatriate clientele spread across the world.
An excerpt from the report:
"Markets around the world rallied this week after disappointing US jobs data and a speech by Fed Chair, Janet Yellen, pointed to a possible Fed rate hike delay. Traders are now pricing in no chances of a rate hike in June, a 20% chance in July and with an even/ odd chance of a rate increase being pushed back to December.
Investors also have turned cautious ahead of the central bank meetings next week, particularly the Fed, which will meet on June 15, and the Bank of Japan on June 16.
The Brexit referendum on June 23 is also another event that investors are keeping a keen eye upon.
In China, inflation data was mixed as producer inflation eased its drop while consumer inflation grew at a slower pace. China exports, however, showed hints of stabilization.
In Japan, 1Q GDP was revised upwards to an annualized rate of 1.9% from 1.7%.
Crude oil also rallied above $51 a barrel this week as the dollar weakened mid-week and after data showed that US crude stockpiles continued to decline. "
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