ECB
The US Federal Reserve began its easing cycle with a 50bps rate cut. The US dollar fell alongside treasury yields while equity markets gained immediately following the decision
19th Sep 24, 7:41am
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The US Federal Reserve began its easing cycle with a 50bps rate cut. The US dollar fell alongside treasury yields while equity markets gained immediately following the decision
Global asset markets and investors look ahead to the FOMC tomorrow morning. The market is pricing close to a 70% chance for a 50bps cut by the Fed
18th Sep 24, 7:48am
Global asset markets and investors look ahead to the FOMC tomorrow morning. The market is pricing close to a 70% chance for a 50bps cut by the Fed
US rates are lower across the board on rising bets that the Fed will front-load the easing cycle with a 50bps rate cut this week. Lower rates support US equities but have worked against the USD, which is broadly weaker
17th Sep 24, 7:44am
US rates are lower across the board on rising bets that the Fed will front-load the easing cycle with a 50bps rate cut this week. Lower rates support US equities but have worked against the USD, which is broadly weaker
Markets pricing the Fed’s first easing for the cycle this week at a toss up between 25bps and 50bps. The US Treasuries curve steepened further, with a short end-led rally in bonds
16th Sep 24, 7:20am
Markets pricing the Fed’s first easing for the cycle this week at a toss up between 25bps and 50bps. The US Treasuries curve steepened further, with a short end-led rally in bonds
Oil prices rebounded from multi-year lows after a storm disrupted production in the Gulf of Mexico. Gold prices hit an all-time high. The ECB cut interest rates as expected
13th Sep 24, 7:47am
Oil prices rebounded from multi-year lows after a storm disrupted production in the Gulf of Mexico. Gold prices hit an all-time high. The ECB cut interest rates as expected
US CPI data drove a swing in US Treasury yields and slightly higher core inflation sees the curve flatter and slightly higher. USS equities recovered early losses to now show a decent gain
12th Sep 24, 7:41am
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US CPI data drove a swing in US Treasury yields and slightly higher core inflation sees the curve flatter and slightly higher. USS equities recovered early losses to now show a decent gain
The key market move has been a further chunky fall in oil prices. Lower oil prices have supported lower interest rates. US equities are modestly higher while in currency markets JPY has outperformed
11th Sep 24, 7:49am
The key market move has been a further chunky fall in oil prices. Lower oil prices have supported lower interest rates. US equities are modestly higher while in currency markets JPY has outperformed
US equities have rebounded after last week’s hefty loss but otherwise market movements have been well contained. UST rates little-changed, while the USD shows a modest broadly based gain
10th Sep 24, 7:46am
US equities have rebounded after last week’s hefty loss but otherwise market movements have been well contained. UST rates little-changed, while the USD shows a modest broadly based gain
US nonfarm payrolls weaker than expected pointing towards a cooling in US labour markets. The USD gained particularly against commodity currencies. Equities fell. UST yields declined as the yield curve steepened
9th Sep 24, 7:20am
US nonfarm payrolls weaker than expected pointing towards a cooling in US labour markets. The USD gained particularly against commodity currencies. Equities fell. UST yields declined as the yield curve steepened
Equity markets remain soft ahead of key US labour market data. Treasury yields and the US dollar are modestly weaker. Brent crude prices stabilised following Opec+ postponed production increase
6th Sep 24, 7:43am
Equity markets remain soft ahead of key US labour market data. Treasury yields and the US dollar are modestly weaker. Brent crude prices stabilised following Opec+ postponed production increase
Cooling US labour market led to lower treasury yields. US job openings, considered a proxy for labour demand, fell to the lowest level in more than three years. The Bank of Canada cut rates by 25bps to 4.25%
5th Sep 24, 7:42am
Cooling US labour market led to lower treasury yields. US job openings, considered a proxy for labour demand, fell to the lowest level in more than three years. The Bank of Canada cut rates by 25bps to 4.25%
Soft tone across global equity markets with the S&P down sharply. US manufacturing ISM remained soft. Oil prices fell sharply to the lowest level since last December with a deal expected to restore Libyan production
4th Sep 24, 7:34am
Soft tone across global equity markets with the S&P down sharply. US manufacturing ISM remained soft. Oil prices fell sharply to the lowest level since last December with a deal expected to restore Libyan production
Asset markets were confined to narrow ranges with limited economic data and the Labor Day holiday in the US weighing on market activity. European bond yields traded modestly higher. The AUD outperformed
3rd Sep 24, 7:39am
Asset markets were confined to narrow ranges with limited economic data and the Labor Day holiday in the US weighing on market activity. European bond yields traded modestly higher. The AUD outperformed
US inflation data benign supporting equity gains. Eurozone inflation fell supporting the case for the ECB to reduce rates. Global bonds ended higher in yield and the US dollar gained. Oil prices fell
2nd Sep 24, 7:12am
US inflation data benign supporting equity gains. Eurozone inflation fell supporting the case for the ECB to reduce rates. Global bonds ended higher in yield and the US dollar gained. Oil prices fell
US Treasury yields remain in a consolidation mode with a curve steepening bias. A risk-off vibe and technical factors have seen the USD broadly stronger with European currencies underperforming
29th Aug 24, 7:48am
US Treasury yields remain in a consolidation mode with a curve steepening bias. A risk-off vibe and technical factors have seen the USD broadly stronger with European currencies underperforming
US consumer confidence higher on lower interest rate outlook while labour market conditions soften further. US equities edge higher, US Treasury yields in clear curve steepening bias and the US is broadly weaker
28th Aug 24, 7:39am
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US consumer confidence higher on lower interest rate outlook while labour market conditions soften further. US equities edge higher, US Treasury yields in clear curve steepening bias and the US is broadly weaker
Markets are consolidating following the initial excitement following Powell’s Jackson Hole speech. US equities are down modestly, US Treasuries show small changes, and the USD is slightly stronger
27th Aug 24, 7:28am
Markets are consolidating following the initial excitement following Powell’s Jackson Hole speech. US equities are down modestly, US Treasuries show small changes, and the USD is slightly stronger
Powell’s Jackson Hole speech was music to the ears of investors. Risk appetite increased, US equities up over 1%, Treasury yields fell, the USD was broadly weaker, and commodity prices rose
26th Aug 24, 7:29am
Powell’s Jackson Hole speech was music to the ears of investors. Risk appetite increased, US equities up over 1%, Treasury yields fell, the USD was broadly weaker, and commodity prices rose
There has been a reversal of recent price action, with US equities weaker, higher rates and a stronger USD. Data suggested no need for the Fed to panic, Fed speakers arguing for gradualism
23rd Aug 24, 7:46am
There has been a reversal of recent price action, with US equities weaker, higher rates and a stronger USD. Data suggested no need for the Fed to panic, Fed speakers arguing for gradualism
Treasury yields fell led by the front end. The US dollar index extended its recent decline reaching new lows for the year. US payroll growth in the year to March was revised down. FOMC minutes pointed to a September rate cut
22nd Aug 24, 7:47am
Treasury yields fell led by the front end. The US dollar index extended its recent decline reaching new lows for the year. US payroll growth in the year to March was revised down. FOMC minutes pointed to a September rate cut
US Treasury yields are down 5-6bps, supported by benign Canadian CPI data. The USD is again broadly weaker, taking the DXY index down to fresh lows for the year; the yen is the strongest of the majors
21st Aug 24, 7:46am
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US Treasury yields are down 5-6bps, supported by benign Canadian CPI data. The USD is again broadly weaker, taking the DXY index down to fresh lows for the year; the yen is the strongest of the majors
Fed speakers give the green light to a rate cut next month. Global equity markets rise. Eyes turn to Jackson Hole speakers
20th Aug 24, 7:35am
Fed speakers give the green light to a rate cut next month. Global equity markets rise. Eyes turn to Jackson Hole speakers
Global asset markets subdued, but S&P500 rose for a seventh straight day, up +4% for the week. Gold rises to frest all-time high
19th Aug 24, 7:18am
Global asset markets subdued, but S&P500 rose for a seventh straight day, up +4% for the week. Gold rises to frest all-time high
Stronger than expected US retail sales and jobless claims data helped dispel concerns about the US economic slowdown and sent equities and bond yields higher
16th Aug 24, 7:43am
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Stronger than expected US retail sales and jobless claims data helped dispel concerns about the US economic slowdown and sent equities and bond yields higher
Key US inflation data was in line with consensus estimates and had limited lasting market impact. NZD/USD was stable in offshore trade, following its 1% fall yesterday
15th Aug 24, 7:49am
Key US inflation data was in line with consensus estimates and had limited lasting market impact. NZD/USD was stable in offshore trade, following its 1% fall yesterday