Release important signals!, European Central Bank month on month | Time | European Central Bank
On Tuesday local time, the US stock market was closed for one day due to a public holiday. On the European side, due to the latest weak economic data released and the European Central Bank still issuing interest rate hike signals, investors are cautious about the risk of slowing economic growth in Europe, leading to a collective decline in the three major stock indexes in Europe. As of the close, the UK stock market fell 0.10%, the French stock market fell 0.23%, and the German stock market fell 0.26%. In terms of the Pan European stock index, the real estate sector continued its recent upward trend, leading the way with a 2.8% increase on Tuesday, with a cumulative increase of about 6% in the past three trading days.
Germany's commodity exports in May decreased by 0.1% month on month
According to data released by the German Federal Bureau of Statistics on Tuesday, after adjusting for workdays and seasons, Germany's May commodity exports decreased by 0.1% month on month, while imports increased by 1.7% month on month. Analysts believe that the month on month increase in import volume may indicate a recovery in domestic demand in Germany. In the short term, as the central banks of major European and American economies continue to raise interest rates, German exports will continue to face the challenge of shrinking external demand. The Eurozone June Manufacturing Purchasing Managers Index, released on Monday this week, continued to fall into a contraction range, combined with the latest monthly export data decline in Germany, putting pressure on the stock market.
The Bank of Australia has suspended interest rate hikes and maintained its benchmark interest rate at 4.1%
On Tuesday local time, the Reserve Bank of Australia, also known as the Reserve Bank of Australia, announced a suspension of interest rate hikes, keeping the benchmark interest rate at 4.1%, the highest level since April 2012. This is the second time the Reserve Bank of Australia has suspended interest rate hikes this year. The Bank of Australia has stated that further tightening of monetary policy may be necessary in the future, and this suspension of interest rate hikes is aimed at leaving more time to evaluate the impact of previous rate hikes, economic conditions and prospects, and related risks.
On the 4th, international oil prices rose
In terms of the crude oil market, investors re evaluated the impact of reduced oil supply from Saudi Arabia and Russia on global supply and demand fundamentals, supported by factors such as relatively strong oil demand during the summer travel peak in the northern hemisphere and the United States starting to purchase and replenish strategic crude oil reserves, international oil prices rose on Tuesday. Due to the early closure of trading during public holidays, there was no settlement price for New York oil prices at the close of the day. Before the closing, the price of light crude oil futures for August delivery on the New York Mercantile Exchange was reported at $71.05 per barrel, an increase of 1.81%; The London Brent crude oil futures for September delivery closed at $76.12 per barrel, an increase of 1.97%.