Jason Wong

Negative risk vibe overnight. Weaker tech stocks drag down US equities despite strong Nvidia result. US Treasuries supported. Oil prices higher on war risk

Negative risk vibe overnight. Weaker tech stocks drag down US equities despite strong Nvidia result. US Treasuries supported. Oil prices higher on war risk

US 10% global tariff comes into effect; no sign yet of the threatened higher 15% rate. US equities have recovered some of yesterday’s losses. Global rates have shown only minor movements

US 10% global tariff comes into effect; no sign yet of the threatened higher 15% rate. US equities have recovered some of yesterday’s losses. Global rates have shown only minor movements

Risk sentiment weaker as markets digest the implications of the latest saga on Trump’s tariff policy. US equities down over 1%, with rotation towards defensive sector; US Treasury yields down 4-8bps Safe haven CHF and JPY currencies have outperformed

Risk sentiment weaker as markets digest the implications of the latest saga on Trump’s tariff policy. US equities down over 1%, with rotation towards defensive sector; US Treasury yields down 4-8bps Safe haven CHF and JPY currencies have outperformed

Oil prices up nearly +4% on US-Iran "agreement" doubts. US equities respond positively to stronger second-tier US economic data. US Treasury yields and USD nudge higher

Oil prices up nearly +4% on US-Iran "agreement" doubts. US equities respond positively to stronger second-tier US economic data. US Treasury yields and USD nudge higher

Choppy market conditions overnight but net movements modest. Oil prices are lower. US Treasury yields push higher after earlier falls as risk of war in the Middle East fades. Domestic focus on RBNZ MPS

Choppy market conditions overnight but net movements modest. Oil prices are lower. US Treasury yields push higher after earlier falls as risk of war in the Middle East fades. Domestic focus on RBNZ MPS

US equity futures flat, US Treasury futures slightly higher, implying further modest downward pressure on yields. BofA fund manager survey shows record short positioning for the USD

US equity futures flat, US Treasury futures slightly higher, implying further modest downward pressure on yields. BofA fund manager survey shows record short positioning for the USD

US equities fall by more than 1%, US Treasury yields lower on risk-off vibe. Yen and ultra-long JGBs continue to rally after Takaichi's big election win

US equities fall by more than 1%, US Treasury yields lower on risk-off vibe. Yen and ultra-long JGBs continue to rally after Takaichi's big election win

Stronger than expected US labour market figures all round - payrolls up 130k, unemployment rate drops to 4.3%. Market pares expected rate cuts this year, US Treasuries curve flattens

Stronger than expected US labour market figures all round - payrolls up 130k, unemployment rate drops to 4.3%. Market pares expected rate cuts this year, US Treasuries curve flattens

Broadly weaker USD overnight. Strong rise in Japanese equities after PM Takaichi wins a strong mandate to govern. JPY recovers after early weakness

Broadly weaker USD overnight. Strong rise in Japanese equities after PM Takaichi wins a strong mandate to govern. JPY recovers after early weakness

US equity markets were mixed, with a continued rotation out of technology stocks. US Treasuries stable with limited reaction to a firm services ISM. US dollar broadly stronger

US equity markets were mixed, with a continued rotation out of technology stocks. US Treasuries stable with limited reaction to a firm services ISM. US dollar broadly stronger

Lower tech stocks drive down US equities while investors rotate to value. Gold and silver prices recover strongly. RBA hikes as expected, supporting higher Australian rates and the AUD, with positive spillover into the NZD

Lower tech stocks drive down US equities while investors rotate to value. Gold and silver prices recover strongly. RBA hikes as expected, supporting higher Australian rates and the AUD, with positive spillover into the NZD

The US ISM manufacturing index makes a strong recovery. Markets settle after volatile open to the week; US Treasury yields push higher. Oil prices plunge nearly 5%

The US ISM manufacturing index makes a strong recovery. Markets settle after volatile open to the week; US Treasury yields push higher. Oil prices plunge nearly 5%

Follow-through in currency markets after Friday's "price checks" on yen. Coordinated action between Japan and NY Fed raised speculation that a weaker USD is part of the plan alongside reducing speculative selling in the yen

Follow-through in currency markets after Friday's "price checks" on yen. Coordinated action between Japan and NY Fed raised speculation that a weaker USD is part of the plan alongside reducing speculative selling in the yen

US Dollar debasement trade supports gold and silver; Oil jumps over 3% on weaker USD and fears of future US military action in Iran. NZ annual CPI inflation of 3.1% at top of market estimates

US Dollar debasement trade supports gold and silver; Oil jumps over 3% on weaker USD and fears of future US military action in Iran. NZ annual CPI inflation of 3.1% at top of market estimates

Global equity markets extend gains after Trump's Greenland TACO even though details of the "deal" remain sketchy. UST 2-year rate up to top of its range; 10-year rate remains range-bound

Global equity markets extend gains after Trump's Greenland TACO even though details of the "deal" remain sketchy. UST 2-year rate up to top of its range; 10-year rate remains range-bound