Tag archives: IO

Daily Virtual Steel Mill Report 29/05/24

Verdict: • Short-run Neutral.   Macro: • In May, consumer confidence in the US unexpectedly rebounded after three consecutive months of deterioration, with the Consumer Confidence Index rising from an upward revised 97.5 in April to 102.0 this month. Previously, a Reuters survey predicts that the index will drop from the previously reported 97.0 to …

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Daily Virtual Steel Mill Report 24/05/24

Verdict: • Short-run Neutral.   Macro: • US initial jobless claims was 215,000 last week, down 8,000 from previous week, created the biggest single week decrease of the year. • European Central Bank President Lagarde said that due to the trend of rapid consumer price growth, interest rates may become lowered in next month. The …

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