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Stuart Ritson
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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
US equities end the month on a positive note. Key futures markets were impacted by a technical outage. Silver prices surge 6% to a record high. Limited movement across global FX and rates markets
1st Dec 25, 7:37am
US equities end the month on a positive note. Key futures markets were impacted by a technical outage. Silver prices surge 6% to a record high. Limited movement across global FX and rates markets
Upbeat investor risk sentiment brings solid gains for global equity markets. UK widely anticipated Autumn Budget released. A marginally hawkish tone from the RBNZ pushed NZ rates and the NZ dollar sharply higher
27th Nov 25, 7:46am
Upbeat investor risk sentiment brings solid gains for global equity markets. UK widely anticipated Autumn Budget released. A marginally hawkish tone from the RBNZ pushed NZ rates and the NZ dollar sharply higher
US equities rebound after a week of erratic trading. Influential New York Fed President Williams said he sees room for a near-term rate cut, and market pricing for that follows
24th Nov 25, 7:35am
US equities rebound after a week of erratic trading. Influential New York Fed President Williams said he sees room for a near-term rate cut, and market pricing for that follows
Risk sensitive assets remained under pressure with large declines across global equity indices. There is growing caution from investors about elevated valuations in the AI sector
19th Nov 25, 7:51am
Risk sensitive assets remained under pressure with large declines across global equity indices. There is growing caution from investors about elevated valuations in the AI sector
US equities rebound from initial sharp losses. Oil prices underpinned on rising geopolitical risks and tightening US sanctions on Russia. FX markets stable
17th Nov 25, 7:35am
US equities rebound from initial sharp losses. Oil prices underpinned on rising geopolitical risks and tightening US sanctions on Russia. FX markets stable
US equity rebound takes a breather while European indices extend gains. US Treasury futures rally and the US dollar declines after ADP data suggests the US labour market has slowed
12th Nov 25, 7:40am
US equity rebound takes a breather while European indices extend gains. US Treasury futures rally and the US dollar declines after ADP data suggests the US labour market has slowed
Buoyant risk sentiment amid expectations for a deal that would end US government shutdown. Global equities make solid gains while an initial selloff for US treasuries fades
11th Nov 25, 7:38am
Buoyant risk sentiment amid expectations for a deal that would end US government shutdown. Global equities make solid gains while an initial selloff for US treasuries fades
Soft tone continues for risk sensitive assets. US consumer sentiment downbeat and is tracking towards multi-year lows. Canadian labour market surprises positively
10th Nov 25, 7:38am
Soft tone continues for risk sensitive assets. US consumer sentiment downbeat and is tracking towards multi-year lows. Canadian labour market surprises positively
US manufacturing ISM soft with many industries citing tariffs as an impediment to activity. Global sovereign bond markets higher in yield to start the week
4th Nov 25, 7:56am
US manufacturing ISM soft with many industries citing tariffs as an impediment to activity. Global sovereign bond markets higher in yield to start the week
US equities end October positively on robust corporate earnings. One Fed governor said he voted against cutting rates on inflation concerns. US dollar at fresh three month highs
3rd Nov 25, 7:38am
US equities end October positively on robust corporate earnings. One Fed governor said he voted against cutting rates on inflation concerns. US dollar at fresh three month highs