Stuart Talman
[updated]
Long-dated US treasury yields continue eye-watering ascent, 10-yr closes near 4.50%. US equity markets higher, logging best week since November 2023
Long-dated US treasury yields continue eye-watering ascent, 10-yr closes near 4.50%. US equity markets higher, logging best week since November 2023
Markets dismiss latest US tariff announcements in sign of tariff fatigue. Market impact contained to auto & transport stocks. Currencies, commodities, bond rates stay within tight ranges
Markets dismiss latest US tariff announcements in sign of tariff fatigue. Market impact contained to auto & transport stocks. Currencies, commodities, bond rates stay within tight ranges
Dovish FOMC reaction fades, DXY probing top of recent range. Trump comments on tariff flexibility. Greer to speak with China this week. Market to trade in a holding pattern ahead of April 2 tariff announcement
Dovish FOMC reaction fades, DXY probing top of recent range. Trump comments on tariff flexibility. Greer to speak with China this week. Market to trade in a holding pattern ahead of April 2 tariff announcement
US producer prices data stable but PCE inputs suggest a higher PCE release. Trump threatens 200% tariffs on French alcohol beverage exports. Risk assets resume their slide, US equity sell-off looking uglier by the day
US producer prices data stable but PCE inputs suggest a higher PCE release. Trump threatens 200% tariffs on French alcohol beverage exports. Risk assets resume their slide, US equity sell-off looking uglier by the day
Markets await US tariff rollout. Euro initially stronger on German election result before handing back gains. Domestic NZ retail sales logs largest QoQ gain in three years
Markets await US tariff rollout. Euro initially stronger on German election result before handing back gains. Domestic NZ retail sales logs largest QoQ gain in three years
RBNZ delivers as expected, 3rd straight 50-bps cut; terminal rate brought forward. UK CPI runs hotter than expected. USD pullback appears to have halted as market awaits next key directional catalyst
RBNZ delivers as expected, 3rd straight 50-bps cut; terminal rate brought forward. UK CPI runs hotter than expected. USD pullback appears to have halted as market awaits next key directional catalyst
US PMIs impressive; US equities, oil and gold all rise, UST yields dip. EU & UK PMIs underwhelm. Eurozone services PMI contractionary for first time in 11 mths
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US PMIs impressive; US equities, oil and gold all rise, UST yields dip. EU & UK PMIs underwhelm. Eurozone services PMI contractionary for first time in 11 mths
US jobs report burt by hurricanes & strikes, just 12,000 jobs added. UST yields & dollar initially drop before reversing to log bullish close. A momentous week ahead; US election and FOMC to deliver volatility step-up
US jobs report burt by hurricanes & strikes, just 12,000 jobs added. UST yields & dollar initially drop before reversing to log bullish close. A momentous week ahead; US election and FOMC to deliver volatility step-up
US 10yr note yield at highest level since July. USD stronger across the board. Geopolitics and US election race to influence this week's directional moves
US 10yr note yield at highest level since July. USD stronger across the board. Geopolitics and US election race to influence this week's directional moves
Is US exceptionalism back? US economy a notable outperformer. FOMC minutes confirm majority favoured a 50 bps cut, with a few preferring 25 bps
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Is US exceptionalism back? US economy a notable outperformer. FOMC minutes confirm majority favoured a 50 bps cut, with a few preferring 25 bps
Blowout US jobs report, NFP sharply higher, jobless rate falls from 4.2% to 4.1%. Rates markets hawkishly reprice, stripping out odds of 50bps of November cut. US treasury yields and the dollar rip higher
Blowout US jobs report, NFP sharply higher, jobless rate falls from 4.2% to 4.1%. Rates markets hawkishly reprice, stripping out odds of 50bps of November cut. US treasury yields and the dollar rip higher
Positive risk sentiment reigns, commodities, pro-cyclical currencies stronger. ECB delivers widely expected 25bps cut; projected to cut once more in 2024
Positive risk sentiment reigns, commodities, pro-cyclical currencies stronger. ECB delivers widely expected 25bps cut; projected to cut once more in 2024
September has been a horrendous month for US equities, with the S&P500 falling in the previous four. When Wall Street returns, there will also be a busy week of US data, ending with the US labour market update
September has been a horrendous month for US equities, with the S&P500 falling in the previous four. When Wall Street returns, there will also be a busy week of US data, ending with the US labour market update
US dollar & treasury yields track higher despite marginal PCE miss. Tokyo CPI runs hotter-than-expected adding weight to case for a Japan October rate hike. ECB likely to cut in September. RBA not cutting
US dollar & treasury yields track higher despite marginal PCE miss. Tokyo CPI runs hotter-than-expected adding weight to case for a Japan October rate hike. ECB likely to cut in September. RBA not cutting
NZD rips through 62 US cents to mark 8 month highs a few pips shy of 62.4 USc. Powell delivers dovish Jackson Hole address, acknowledges labour market softness
NZD rips through 62 US cents to mark 8 month highs a few pips shy of 62.4 USc. Powell delivers dovish Jackson Hole address, acknowledges labour market softness