Jason Wong
US equities under pressure again. US pressuring trading partners to limit their dealings with China; China open to trade talks under certain conditions. Bank of Canada on hold and ditches forecasts and guidance
17th Apr 25, 7:49am
US equities under pressure again. US pressuring trading partners to limit their dealings with China; China open to trade talks under certain conditions. Bank of Canada on hold and ditches forecasts and guidance
China stops ordering new Boeing aircraft and halt purchases of aircraft and parts from US companies. No progress on EU-US trade negotiations. But financial markets calmer
16th Apr 25, 7:56am
China stops ordering new Boeing aircraft and halt purchases of aircraft and parts from US companies. No progress on EU-US trade negotiations. But financial markets calmer
Trump considers windback of tariffs to help the auto sector, following the carve-out for some electronic goods from China. Calmer markets. US Treasuries reverse some of last week's movement. Global equities recover
15th Apr 25, 7:47am
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Trump considers windback of tariffs to help the auto sector, following the carve-out for some electronic goods from China. Calmer markets. US Treasuries reverse some of last week's movement. Global equities recover
Market focus on tariff negotiations with countries lined up; China is a notable exception and China said it will "fight to end". Markets remain choppy; Big early gain in US equities eroded
9th Apr 25, 7:51am
Market focus on tariff negotiations with countries lined up; China is a notable exception and China said it will "fight to end". Markets remain choppy; Big early gain in US equities eroded
Some wild market movements overnight; S&P500 trades a high/low range of 8.5%; EU working out how to retaliate. Bond markets sell off; UST 10-year rate trades above 4.2% overnight, curve steepens
8th Apr 25, 7:46am
Some wild market movements overnight; S&P500 trades a high/low range of 8.5%; EU working out how to retaliate. Bond markets sell off; UST 10-year rate trades above 4.2% overnight, curve steepens
Trump's reciprocal tariff policy was much worse than expected, rocking financial markets. Flight to quality as global equities plunge. Bonds well supported. Oil prices plunge on global growth concerns and OPEC+ production upscale
4th Apr 25, 7:57am
Trump's reciprocal tariff policy was much worse than expected, rocking financial markets. Flight to quality as global equities plunge. Bonds well supported. Oil prices plunge on global growth concerns and OPEC+ production upscale
Reports the US 'reciprocal tariffs' will come in three bands, differing by country and industry. Wall Street rises. US Treasury yields rise
3rd Apr 25, 7:47am
Reports the US 'reciprocal tariffs' will come in three bands, differing by country and industry. Wall Street rises. US Treasury yields rise
US tariff uncertainty weighs on global equity markets; some chunky falls across the world and US equities on track for their worst quarter in nearly three years. Oil prices higher after Trump mulls secondary tariffs for buyers of Russian crude
1st Apr 25, 7:49am
US tariff uncertainty weighs on global equity markets; some chunky falls across the world and US equities on track for their worst quarter in nearly three years. Oil prices higher after Trump mulls secondary tariffs for buyers of Russian crude
Trade war intensifies after Trump orders 25% tariffs on imports of foreign-made cars, bringing retaliation threats from the EU, Canada, Japan and South Korea
28th Mar 25, 8:34am
Trade war intensifies after Trump orders 25% tariffs on imports of foreign-made cars, bringing retaliation threats from the EU, Canada, Japan and South Korea
Progress in Russia-Ukraine peace deal. White House conflict on tariff basis. US Conference Board consumer confidence plunges, as per the University of Michigan survey
26th Mar 25, 7:51am
Progress in Russia-Ukraine peace deal. White House conflict on tariff basis. US Conference Board consumer confidence plunges, as per the University of Michigan survey
Risk appetite higher as market embraces view that 'Liberation Day' will see narrower scope of tariffs than previously thought. US services PMI stronger than expected, allaying recession fears. US Treasury yields up towards top of recent trading range
25th Mar 25, 7:48am
Risk appetite higher as market embraces view that 'Liberation Day' will see narrower scope of tariffs than previously thought. US services PMI stronger than expected, allaying recession fears. US Treasury yields up towards top of recent trading range
US equities slightly higher, US Treasuries in a tight trading range, USD slightly stronger. Nine more sleeps until "Liberation Day", when Trump's reciprocal tariffs take effect; speculation that they will be narrower than previously threatened
24th Mar 25, 7:22am
US equities slightly higher, US Treasuries in a tight trading range, USD slightly stronger. Nine more sleeps until "Liberation Day", when Trump's reciprocal tariffs take effect; speculation that they will be narrower than previously threatened
US Treasuries well supported in the wake of yesterday's Fed policy update; 10-year rate extends fall to 4.17% overnight before reversing. BoE leaves rates unchanged
21st Mar 25, 7:53am
US Treasuries well supported in the wake of yesterday's Fed policy update; 10-year rate extends fall to 4.17% overnight before reversing. BoE leaves rates unchanged
The US Fed left rates on hold as expected. Policy makers continue to signal 50bp of cuts for this year. Plan slower balance sheet runoff. BofJ left rates on a cautious hold. NZ consumer confidence slumps
20th Mar 25, 7:55am
The US Fed left rates on hold as expected. Policy makers continue to signal 50bp of cuts for this year. Plan slower balance sheet runoff. BofJ left rates on a cautious hold. NZ consumer confidence slumps
Trump and Putin talk but make little progress. Germany's lower house approves massive fiscal plan to boost defence and infrastructure spending. US equities weaker, US Treasuries continue to consolidate
19th Mar 25, 8:13am
Trump and Putin talk but make little progress. Germany's lower house approves massive fiscal plan to boost defence and infrastructure spending. US equities weaker, US Treasuries continue to consolidate
Weak US retail sales weighed by cars, but stronger control group sales that feed into GDP came as a relief. US equities in positive territory. Stronger than expected China data, while government outlines plan to boost domestic consumption
18th Mar 25, 7:49am
Weak US retail sales weighed by cars, but stronger control group sales that feed into GDP came as a relief. US equities in positive territory. Stronger than expected China data, while government outlines plan to boost domestic consumption
More tariff headlines with Trump proposing 200% retaliatory tariffs on the EU after its retaliatory tariffs on the US. Risk appetite weaker, with US equities showing chunky falls again and US Treasuries well supported
14th Mar 25, 7:46am
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More tariff headlines with Trump proposing 200% retaliatory tariffs on the EU after its retaliatory tariffs on the US. Risk appetite weaker, with US equities showing chunky falls again and US Treasuries well supported
US-Canada trade war escalates; US to impose higher tariffs on steel, aluminium and cars from Canada. US equities tumble further; US Treasuries yields push higher
12th Mar 25, 7:53am
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US-Canada trade war escalates; US to impose higher tariffs on steel, aluminium and cars from Canada. US equities tumble further; US Treasuries yields push higher
Market anxiety rises after Trump dodges question on recession. US equities tumble, led by the mega cap stocks; Nasdaq index down over 4%. Weaker risk sentiment supports US Treasuries and JPY
11th Mar 25, 7:41am
Market anxiety rises after Trump dodges question on recession. US equities tumble, led by the mega cap stocks; Nasdaq index down over 4%. Weaker risk sentiment supports US Treasuries and JPY
Choppy markets on uncertainty over US import tariffs. US equities fall 2%. ECB cuts 25bps as expected. German rates continue to push higher in the wake of the move to ease the debt brake and ramp up defence and infrastructure spending
7th Mar 25, 7:50am
Choppy markets on uncertainty over US import tariffs. US equities fall 2%. ECB cuts 25bps as expected. German rates continue to push higher in the wake of the move to ease the debt brake and ramp up defence and infrastructure spending
Tariffs go into effect. Equity markets tumble further. Market sees Fed more focused on unemployment mandate than inflation and prices in more Fed easing; US Treasuries curve steepens
5th Mar 25, 7:52am
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Tariffs go into effect. Equity markets tumble further. Market sees Fed more focused on unemployment mandate than inflation and prices in more Fed easing; US Treasuries curve steepens
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform
4th Mar 25, 7:47am
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform
Trump to push ahead with tariffs on Canada and Mexico, an additional 10% tariff to be imposed on Chinese imports. USD broadly stronger on that news; weaker yuan spills over into the NZD and AUD
28th Feb 25, 7:54am
Trump to push ahead with tariffs on Canada and Mexico, an additional 10% tariff to be imposed on Chinese imports. USD broadly stronger on that news; weaker yuan spills over into the NZD and AUD
Trump pushed out the start date for Mexico and Canada tariffs to 2 April, says tariffs on products from the EU like autos and "other things" will be 25%. US equities recover after recent fall. US 10-year Treasury rate pushes down to a fresh 2025 low
27th Feb 25, 7:44am
Trump pushed out the start date for Mexico and Canada tariffs to 2 April, says tariffs on products from the EU like autos and "other things" will be 25%. US equities recover after recent fall. US 10-year Treasury rate pushes down to a fresh 2025 low
US equities down for a fourth consecutive day, US Treasury yields down for a fifth day, with the 10-year rate down 10bps and probing fresh 2025 lows, all on increased policy uncertainty. Safe haven currencies higher, commodity currencies underperform
26th Feb 25, 7:53am
US equities down for a fourth consecutive day, US Treasury yields down for a fifth day, with the 10-year rate down 10bps and probing fresh 2025 lows, all on increased policy uncertainty. Safe haven currencies higher, commodity currencies underperform