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Inflation Concerns Drag Bank of America and Wells Fargo Shares Lower
Shares of Bank of America and Wells Fargo declined further amid growing inflation fears, raising concerns about the banks' future earnings and investor confidence. The market reaction reflects broader worries about the impact of rising inflation on the financial sector.
Date:
17.05.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.162370 | -0.39541% |
| GBPUSD | 1.332810 | -0.54902% |
| USDJPY | 158.763510 | +0.26177% |
| XAUUSD | 4537.745760 | -2.46169% |
| USDCAD | 1.375380 | +0.25248% |
| NZDUSD | 0.583850 | -1.28264% |
| USDCHF | 0.786950 | +0.47691% |
| AUDUSD | 0.714760 | -1.04855% |
| EURGBP | 0.872120 | +0.18554% |
| EURJPY | 184.541250 | -0.10596% |
| GBPJPY | 211.601940 | -0.2494% |
| AUDJPY | 113.477880 | -0.72881% |
| CADJPY | 115.432140 | +0.04866% |
| CHFJPY | 201.746580 | -0.25649% |
| NZDJPY | 92.694070 | -1.03981% |
| GBPCHF | 1.048850 | -0.17044% |
| EURCHF | 0.914720 | +0.086231% |
| USDMXN | 17.339390 | +0.79005% |
| USDZAR | 16.688240 | +1.39894% |
| USDTRY | 45.489410 | -0.01162% |
| USDRUB | 72.929850 | -0.43584% |
| USDSEK | 9.448580 | +1.10294% |
| USDCNY | 6.809190 | +0.36246% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 18.05.2026 | ||||
| 02:00 | Industrial Production YoY (Apr) | 5.9 | 5.7 | |
| 02:00 | Retail Sales YoY (Apr) | 2 | 1.7 | |
| 23:50 | 🇯🇵 | GDP Growth Rate QoQ (Q1) | 0.4 | 0.3 |
| 23:50 | 🇯🇵 | Gross Domestic Product QoQ (Q1) | 0.4 | 0.3 |
| 19.05.2026 | ||||
| 00:30 | 🇦🇺 | Westpac Consumer Confidence Change (May) | -1.1 | -12.5 |
| 01:30 | 🇦🇺 | RBA Meeting Minutes | ||
| 06:00 | 🇬🇧 | Unemployment Rate (Mar) | 4.9 | 4.9 |
| 12:30 | 🇨🇦 | Inflation Rate YoY (Apr) | 2.6 | 2.4 |
| 20.05.2026 | ||||
| 06:00 | 🇬🇧 | Inflation Rate YoY (Apr) | 3 | 3.3 |
| 18:00 | 🇺🇸 | FOMC Minutes | ||