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Weekly review: markets are like casinos this week

22 May 2015 Konstantin Meinhardt

It seems that market participants switch off their brain when it comes to raising interest rates by the Fed. The recently released U.S. economic showed almost no signs of sufficient recovery of the U.S. economy. A slight rise in U.S. core consumer price inflation was enough to support the U.S. dollar, although this week released U.S. economic data was mixed. It is possible that the movement was driven by profit-taking before the long weekend.

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Market focus

  • China's home prices growth fastest in five months - NBS
  • EU сar sales returned to growth in May - ACEA
  • Bank of Japan Governor Kuroda: BOJ will debate rising overseas economic risks this week
  • Eurozone annual inflation down to 1.2% in May

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