Possibility of Rate Hikes Attract Investors
Last week, such major Central Banks as Bank of Canada and Bank of England started discussing a possibility of the rate hike, which has boosted bond yields. BoC is projected to execute a 25 bps lift. This week, a lot of Central Banks’ representatives will deliver their speeches and opinions concerning the tightening. Their comments will catch a focus. Today, for example, John Williams will say a few words about the Fed policy.
Oil has increased 1%. Brent and WTI dropped 7% from last week’s maximum. Japanese Yen is pressured, softer machinery orders and current account reports turned out to be a disappointment and Bank of Japan expanded its bond buying.