Animal spirits have come off the boil lately, but these are still early days for deciding if risk-on sentiment for equities has hit a wall or is in a holding pattern that allows markets to consolidate the gains of late. The analysis arises from a set of ETFs to gauge the risk appetite, based on prices through yesterday’s close (Apr. 24).
Daily Archives: April 25, 2024
Macro Briefing: 25 April 2024
* Forecasts are mixed for Friday’s PCE inflation data for March
* Mining giant BHP offered to buy rival Anglo American in $39bn mega deal
* Demand for mortgages drops as mortgage rates rise to highest since November
* Solar manufacturers petition US to impose tariffs on Asian imports
* US durable goods orders rose more than expected in March: