GLOBAL MARKETS RESEARCH

Helping you make sense of credit, foreign exchange, interest rates and commodity markets.

LATEST MORNING CALL PODCAST & OTHER UPDATES

There’s been a big shift to risk-on overnight, with equities rising and bonds falling, pushing yields much higher in the US and across Europe. But why?

BoE meeting more hawkish than expected, seen opening door to hikes by year’s end.

In this weekly we look at the recent reviews done at the Fed and the RBNZ to glean what a review into the RBA may recommend.

ALL UPDATES

BoE meeting more hawkish than expected, seen opening door to hikes by year’s end.

Fed tees up November taper announcement, subject to reasonably good Sep. employment report

US equities fail to bounce after Monday, with the S&P500 down -0.1 ahead of the FOMC.

In this weekly we look at the recent reviews done at the Fed and the RBNZ to glean what a review into the RBA may recommend.

A torrid day for Hong Kong’s hang Seng index yesterday, driven by sharp fall in property sector stocks and led by a 16% fall in Evergrande ahead of Thursday’s bond coupon payment day, spilled over to the global arena on Monday with equities down sharply, bond yields lower and safe haven currencies in the ascendancy.

Caution is in the air ahead of the FOMC this week where market moves on Friday tiled towards a mildly hawkish outcome.

There have been quite a lot of moving parts to the price action overnight.

The lift in equities appears to be a case of ‘buy the dip’ with an absence of any positive news flow apart from the very second-tier Empire Fed Manufacturing Survey which surprised sharply to the upside.

The market was looking for an ease in US CPI readings and in the end the figures delivered a bit more than expected

At the Fed’s annual Jackson Hole conference, markets understandably reacted to US Fed Chair Powell’s speech which effectively significantly divorced tapering from rate hikes.

It has been a slow start to the week with little in the way of market moves outside of commodities. Markets overall appear to be in a holding pattern ahead of US CPI figures tonight and the FOMC next week . The S&P500 swung between small gains and losses to finish up 0.2% after five consecutive days of losses, helped along by energy stocks.

After a positive APAC lead, equities came under pressure again on Friday night following news the Biden administration was considering a new investigation into Chinese subsidies and their damage to the US economy

As expected, the ECB will moderate its Pandemic Emergency Purchase Program (PEPP) bond buying pace in Q4 with its December meeting now a key event. China makes historic sale of oil reserves weighing on oil prices.

Articles posted by month