Yuan
US CPI data were close to market expectations; of note the pass-through of tariffs into goods prices was less than expected. Market saw this as giving the Fed the green light to cut rates next month. RBA cuts as expected
13th Aug 25, 8:04am
US CPI data were close to market expectations; of note the pass-through of tariffs into goods prices was less than expected. Market saw this as giving the Fed the green light to cut rates next month. RBA cuts as expected
Little market reaction to the alarming direction of US policy after Trump's move to invoke an export tax on some of Nvidia and AMD's chip sales, as a quid pro quo for access to China
12th Aug 25, 7:46am
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Little market reaction to the alarming direction of US policy after Trump's move to invoke an export tax on some of Nvidia and AMD's chip sales, as a quid pro quo for access to China
Global bond yields closed higher despite limited economic data. Gold prices whipsaw on confusion about US tariffs on imports of gold bars. US equities extend recent gains
11th Aug 25, 7:25am
Global bond yields closed higher despite limited economic data. Gold prices whipsaw on confusion about US tariffs on imports of gold bars. US equities extend recent gains
Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates
8th Aug 25, 7:56am
Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates
Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher
7th Aug 25, 7:52am
Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher
US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher
6th Aug 25, 7:46am
US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher
US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply
5th Aug 25, 7:52am
US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply
Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases
4th Aug 25, 7:27am
Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases
US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year
1st Aug 25, 7:56am
US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year
Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates
31st Jul 25, 7:54am
Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates
Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook
30th Jul 25, 7:50am
Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook
Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises
29th Jul 25, 7:52am
Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises
S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings
28th Jul 25, 7:23am
S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings
ECB leave rates on hold and suggests the bar is raised for additional easing. German bond yields move higher led by the front end of the curve. Upbeat risk sentiment contributes to further gains for global equities
25th Jul 25, 7:44am
ECB leave rates on hold and suggests the bar is raised for additional easing. German bond yields move higher led by the front end of the curve. Upbeat risk sentiment contributes to further gains for global equities
Growing optimism of US trade deals with key partners supports risk sentiment. US reaches agreement with Japan on tariffs and a deal with the EU appears close. Equity markets gain and global bond yields higher
24th Jul 25, 7:57am
Growing optimism of US trade deals with key partners supports risk sentiment. US reaches agreement with Japan on tariffs and a deal with the EU appears close. Equity markets gain and global bond yields higher