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Stuart Ritson
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Weak investor sentiment amid ongoing conflict weighs on risk sensitive markets. Front end treasury yields higher. Market pricing indicates less than one Fed rate cut this year
13th Mar 26, 8:06am
Weak investor sentiment amid ongoing conflict weighs on risk sensitive markets. Front end treasury yields higher. Market pricing indicates less than one Fed rate cut this year
Oil prices surge higher - Brent crude approaches US$93 per barrel. US labour market weaker than expected. Risk sensitive assets under pressure. Whipsaw price action for US treasuries
9th Mar 26, 7:28am
Oil prices surge higher - Brent crude approaches US$93 per barrel. US labour market weaker than expected. Risk sensitive assets under pressure. Whipsaw price action for US treasuries
Risk sentiment stabilises with US and European equities rebounding. Oil prices pulled back from recent highs as the US signalled possible measures to ease Middle East supply risks. US services ISM surprised to the upside
5th Mar 26, 7:58am
Risk sentiment stabilises with US and European equities rebounding. Oil prices pulled back from recent highs as the US signalled possible measures to ease Middle East supply risks. US services ISM surprised to the upside
US-Israeli strikes on Iran have increased geopolitical uncertainty, pointing to higher oil prices and renewed demand for safe‑haven assets. Banks under pressure on private credit concerns. 10Y US treasuries trade towards the low point from October
2nd Mar 26, 7:49am
US-Israeli strikes on Iran have increased geopolitical uncertainty, pointing to higher oil prices and renewed demand for safe‑haven assets. Banks under pressure on private credit concerns. 10Y US treasuries trade towards the low point from October
Buoyant risk sentiment supports global equities ahead of key Nvidia results. Yen weakens and JGB curve steepens after the government nominated two dovish-leaning policy board members
26th Feb 26, 7:23am
Buoyant risk sentiment supports global equities ahead of key Nvidia results. Yen weakens and JGB curve steepens after the government nominated two dovish-leaning policy board members
US equities rise on the prospect of relief from landmark tariff decision. US Treasury yields edge higher and curve steepens
23rd Feb 26, 9:01am
US equities rise on the prospect of relief from landmark tariff decision. US Treasury yields edge higher and curve steepens
Crude oil prices higher amid rising geopolitical tensions in the Middle East. US equities slip. US Treasury yields unchanged, US dollar is marginally firmer
20th Feb 26, 7:29am
Crude oil prices higher amid rising geopolitical tensions in the Middle East. US equities slip. US Treasury yields unchanged, US dollar is marginally firmer
Benign US CPI data supports a decline in US treasury yields. US equities were stable after the previous session's AI-driven selloff. Currency markets subdued
16th Feb 26, 7:28am
Benign US CPI data supports a decline in US treasury yields. US equities were stable after the previous session's AI-driven selloff. Currency markets subdued
Soft US retail sales data bolsters the case for Fed easing. US Treasury yields decline led by longer maturities. Yen gains against the US dollar while moves in other G10 currencies were modest
11th Feb 26, 7:41am
Soft US retail sales data bolsters the case for Fed easing. US Treasury yields decline led by longer maturities. Yen gains against the US dollar while moves in other G10 currencies were modest
US equities rebound into the end of last week. US Treasury yields higher. US consumer sentiment improves but concerns remain about the labour market
9th Feb 26, 7:38am
US equities rebound into the end of last week. US Treasury yields higher. US consumer sentiment improves but concerns remain about the labour market
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
5th Feb 26, 7:45am
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
Markets digest Kevin Warsh’s nomination as Fed chair. US dollar advances. Treasury curve steeper and S&P closes lower. Extreme volatility in precious metals continues
2nd Feb 26, 7:36am
Markets digest Kevin Warsh’s nomination as Fed chair. US dollar advances. Treasury curve steeper and S&P closes lower. Extreme volatility in precious metals continues
US equities fall on concerns about spending on AI infrastructure. Oil prices underpinned after Trump threats against Iran. Precious metals volatile
30th Jan 26, 7:59am
US equities fall on concerns about spending on AI infrastructure. Oil prices underpinned after Trump threats against Iran. Precious metals volatile
Following Trump's championing of a weaker US dollar, Bessent reaffirms the US "strong dollar" policy and it is absolutely not intervening in dollar-yen markets. RBA set to hike after high CPI inflation data
29th Jan 26, 7:34am
Following Trump's championing of a weaker US dollar, Bessent reaffirms the US "strong dollar" policy and it is absolutely not intervening in dollar-yen markets. RBA set to hike after high CPI inflation data
US dollar remains under pressure. The euro reached multi-year highs while the NZD is back above 60 USc. US consumer confidence subdued. US labour market indicators are weak
28th Jan 26, 7:57am
US dollar remains under pressure. The euro reached multi-year highs while the NZD is back above 60 USc. US consumer confidence subdued. US labour market indicators are weak
US treasury yields rose after Trump comments on chance of Kevin Hassett becoming the next Federal Reserve Chair. Trump to impose 10% tariffs on European countries until they support his ambition to acquire Greenland
19th Jan 26, 7:39am
US treasury yields rose after Trump comments on chance of Kevin Hassett becoming the next Federal Reserve Chair. Trump to impose 10% tariffs on European countries until they support his ambition to acquire Greenland
US equity markets rebound. A decline in US jobless claims underpinned the US dollar against European currencies. Oil prices sharply lower after an apparent easing in US-Iran tensions
16th Jan 26, 7:51am
US equity markets rebound. A decline in US jobless claims underpinned the US dollar against European currencies. Oil prices sharply lower after an apparent easing in US-Iran tensions
Rising geopolitical tensions hit risk sentiment and weigh on US equities. Limited market rection to US retail sales and PPI data. Oil prices extend recent gain. Metals continue winning streak
15th Jan 26, 7:53am
Rising geopolitical tensions hit risk sentiment and weigh on US equities. Limited market rection to US retail sales and PPI data. Oil prices extend recent gain. Metals continue winning streak
US core CPI undershoots expectations for the second consecutive month. Oil prices gain 3% and approach two-month highs. US dollar recovers from the decline earlier in the week
14th Jan 26, 7:42am
US core CPI undershoots expectations for the second consecutive month. Oil prices gain 3% and approach two-month highs. US dollar recovers from the decline earlier in the week
Fed Chair Powell reveals Justice Department criminal threats raising concerns over central bank independence. Precious metals reach record highs. US dollar weaker against G10 currencies. NZD outperforms
13th Jan 26, 7:49am
Fed Chair Powell reveals Justice Department criminal threats raising concerns over central bank independence. Precious metals reach record highs. US dollar weaker against G10 currencies. NZD outperforms
Soft US CPI data contributed to a solid rally for equity markets and lower treasury yields. ECB held rates steady and upgraded growth and inflation forecasts. BofE made a cautious cut
19th Dec 25, 8:00am
Soft US CPI data contributed to a solid rally for equity markets and lower treasury yields. ECB held rates steady and upgraded growth and inflation forecasts. BofE made a cautious cut
Concerns about high valuations for companies linked to AI weigh on US equities. FOMC dissenters outline rationale for leaving rates unchanged last week. US treasury curve steeper. Currency markets subdued
15th Dec 25, 7:34am
Concerns about high valuations for companies linked to AI weigh on US equities. FOMC dissenters outline rationale for leaving rates unchanged last week. US treasury curve steeper. Currency markets subdued
Post-FOMC rally in US equities fades. Treasuries modestly lower in yield. US dollar extends recent decline. Monthly job growth in Australia weaker than expected
12th Dec 25, 8:05am
Post-FOMC rally in US equities fades. Treasuries modestly lower in yield. US dollar extends recent decline. Monthly job growth in Australia weaker than expected
US consumer confidence improves for the first time in five months. But limited moves across risk sensitive assets. Large moves in the Canadian dollar and rates after labour market stronger than expected
8th Dec 25, 7:21am
US consumer confidence improves for the first time in five months. But limited moves across risk sensitive assets. Large moves in the Canadian dollar and rates after labour market stronger than expected
US manufacturing ISM slipped to the lowest level since July. US treasury yields higher despite weak ISM. Small moves for G10 currencies
2nd Dec 25, 7:39am
US manufacturing ISM slipped to the lowest level since July. US treasury yields higher despite weak ISM. Small moves for G10 currencies