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Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.
US stocks pared some of Wednesday's historic gain, the Dollar was heavily sold, while the long-end of the Treasury curve saw further selling despite a strong US 30yr auction.The risk-off mood further exacerbated after reports that the White House clarified that US tariffs on China now totalled 145% after the latest hike (20% already in place + 125% added this year).APAC stocks mostly followed suit to the declines on Wall St, DXY suffered another bout of selling pressure, 10yr UST futures were lacklustre following the recent volatility.European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with gains of 4.3% on Thursday.Looking ahead, highlights include UK GDP, US PPI, UoM Prelim, Moody's review on France, UK, Italy, Spain & Switzerland's Credit Rating, Speakers including Fed's Musalem, Williams & BoE's Greene, Supply from Italy, Earnings from JPMorgan, BlackRock, Wells Fargo, Bank of New York Mellon, Morgan Stanley & Fastenal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
China unveils additional tariff measures on US goods; to raise additional tariffs on US goods to 125% from 84%. Effective April 12th.China's Finance Ministry says “if the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it”.European indices hit after China raises tariffs; US futures modestly lower into bank earnings.DXY slumps to a 99.01 low after China increases tariffs on the US; EUR outperforms.Bonds lifted by China's latest retaliation but remain on track to end the week with significant losses.Base metals underpinned by hopes of Chinese stimulus.Looking ahead, US PPI, UoM Prelim, Moody's review on France, UK, Italy, Spain & Switzerland's Credit Rating, Speakers include Fed's Musalem, Williams & BoE's Greene. Earnings from JPMorgan, BlackRock, Wells Fargo, Bank of New York Mellon, Morgan Stanley & Fastenal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US equity markets weaker on Wednesday, big tech continuing to hurt indices, with select Consumer names also being sold off. US PPI came in a touch below expectations, which followed a CPI print below expectations the day prior, but tariffs (and the threat of tariffs) were louder and seemed the focus of market moves. The Dow fell 537 points or -1.30%. Apple continued its negative trajectory, shares down another -3.36%, extending a string of recent losses on concerns over delayed Siri features and the impact of tariffs. The stock fell for the third-straight session after Apple on Friday reportedly pushed back the launch of certain Apple Intelligence features for Siri until 2026. The stock is -20% off its highs set in late December.
White House Press Secretary said the CPI report is welcome news, and the Trump administration is focused on driving down costs; White House Economic Adviser Hassett said he expects US GDP growth to be 2.0%-2.5% in Q1, according to a Fox News interview.US Senate Democratic Leader Schumer said Senate Republicans do not have the votes to approve the House-passed government spending bill without amendments.APAC stocks were subdued as risk appetite soured despite the mostly positive handover from Wall St where sentiment was underpinned after softer-than-expected CPI data but with the upside capped as concerns lingered.DXY struggled for direction after yesterday's choppy performance and brief post-CPI wobble with price action contained overnight as a lack of fresh catalysts kept trade muted across the FX space.European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.5% after the cash market closed with gains of 0.9% on Wednesday.Looking ahead, highlights include EZ Industrial Production, US Initial Jobless Claims, US PPI, IEA OMR, Speakers including ECB's Lagarde & de Guindos, Supply from Italy & US, Earnings from Dollar General, DocuSign, Ulta Beauty, K+S, Hannover Re, Deutsche Bank & Halma.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European bourses opened lower but have gradually picked up; US futures are modestly lower/flat.USD is steady ahead of PPI metrics, fleeting EUR softness as German political tensions mount.Bunds are modestly lower awaiting the Bundestag debate while USTs look to PPI and shutdown developments.Industrial commodities softer on tariff woes; spot gold inches closer to all-time-highs.Looking ahead, US Initial Jobless Claims, US PPI, Speakers including ECBʼs Lagarde, Holzmann, Villeroy, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US equity markets weaker on Wednesday, big tech continuing to hurt indices, with select Consumer names also being sold off. US PPI came in a touch below expectations, which followed a CPI print below expectations the day prior, but tariffs (and the threat of tariffs) were louder and seemed the focus of market moves.The Dow fell 537 points or -1.30%.Apple continued its negative trajectory, shares down another -3.36%, extending a string of recent losses on concerns over delayed Siri features and the impact of tariffs. The stock fell for the third-straight session after Apple on Friday reportedly pushed back the launch of certain Apple Intelligence features for Siri until 2026. The stock is -20% off its highs set in late December.
US PPI figures raise hopes of downside surprise in CPI data. Dollar on the backfoot, yen soars as BoJ rate hike bets gather pace. Pound whipsaws on surprise cooldown in UK inflation. Stocks extend cautious recovery, gold up too.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
APAC stocks traded mixed following the similar performance stateside; Japanese stocks heavily pressured on return from the long weekend.US President-elect Trump's team reportedly studies month-by-month tariff hikes of 2%-5%, according to Bloomberg.European equity futures indicate a higher open with Euro Stoxx 50 future up 0.8% after the cash market closed with losses of 0.5% on Monday.DXY is higher but back on a 109 handle, NZD marginally outperforms, JPY narrowly lags.Looking ahead, highlights include US PPI, EIA STEO, Fed Discount Rate Minutes, ECB's Lane, BoE's Breeden & Taylor, Fed's Schmid & Williams, Supply from Netherlands, UK & Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Stocks grind higher as sentiment is lifted on reports that the Trump team is looking at gradual tariff hikes month-by-month of 2-5%.DXY is a touch higher, antipodeans lead, JPY gives back Monday's gains.Fixed Income is off best levels ahead of US PPI.Crude under increasing pressure as a Gaza ceasefire looms; based metals mixed, but precious metals eke mild gains.Looking ahead, US PPI, EIA STEO, Fed Discount Rate Minutes, Speakers including Fed's Schmid & Williams.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Wall St closed mixed again on Tuesday as investors await key inflation data out in the region on Wednesday US time and following the release of a lighter-than-expected producer price index report. The Dow Jones rose 0.52%, the S&P500 gained 0.11% and the tech-heavy Nasdaq ended the day down 0.23%. The US PPI index which measures wholesale inflation increased just 0.2% in December which was below the 0.4% economists were expecting and indicates inflation is continuing to cool in the US.In Europe overnight, markets in the region closed mixed with the STOXX 600 falling 0.08% while the UK's FTSE 100 shed 0.28%, but in Germany the DAX rose 0.7% and in France, the CAC ended the day up 0.2%.Across the Asia region on Tuesday, markets mostly rose, tracking investor moves in the US out of tech stocks and into other areas of the market. Hong Kong's Hang Seng rose 1.9% on Tuesday, South Korea's Kospi Index gained 0.31%, and China's CSI index added 2.63%, but Japan's Nikkei was the outlier with a fall of 1.83% yesterday.The local market rose 0.48% on Tuesday despite global market turbulence on Monday. Rising bond yields and strength in the US economy spooked investors late last week with concerns the Fed will not cut rates again at least in the near-term, but locally, investor optimism has risen early in the week to send the key index higher for the last 2-days.The energy and materials sectors did most of the heavy lifting yesterday driven by a rally for oil and iron ore prices on favourable outlook on a global scale.Westpac consumer confidence data out yesterday for January indicated consumer pessimism persists with a decrease of 0.7%, following on from the 2% decrease in December. While the reading is a second decline in consumer sentiment, the level is still above that from a year ago and signals consumers are expecting a gradual improvement in conditions in 2025.Star Entertainment Group once again led the gains on Tuesday with a gain of 12% at the closing bell despite the embattled casino operator being around 6-weeks away from collapse with just $79m left in the bank. Investors were buying in again yesterday after a mystery Macau businessman continued buying up shares in the stock with another 28m purchased by Xingchun Wang yesterday.And in the retail space City Chic shares rose over 11% as investors welcomed the plus size fashion retailer's first half trading update including strong sales over the holiday period, reduced inventory and a return to profitability.The winning stocks on the ASX200 yesterday were led by Ingenia Communities Group rallying 13.05%, Star Entertainment Group rising 12% and Polynovo adding 6.4%.And on the losing end Life360 fell 3.3%, West African Resources lost 3.12% and HMC Capital ended the day down 2.45%.What to watch today:Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.07%.The Aussie dollar has further weakened overnight to buy US$0.61, 97.79 Japanese Yen, 50.79 British Pence and 1 NZ$1.11.On the commodities front this morning, oil has retreated 1.42% to trade at US$77.68/barrel, gold is up 0.08% at US$2670/ounce and iron ore is up 0.64% at US$98.72/tonne.Trading Ideas:Bell Potter has maintained a spec buy rating and 12-month price target of $1.30/share on Opthea (ASX:OPT) following the release of Phase 3 trials baseline data being released leading to confidence in the company's sozinibercept combination therapy in diabetic macular edema as the Phase 3 patient populations are broadly similar to those included in the previous Phase 2b trials. The analyst is also confident with Opthea's cash runway with $130m in the bank.And Trading Central has identified a bearish signal on SkyCity Entertainment (ASX:SKC) following the formation of a pattern over a period of 98-days which is roughly th
US equity futures are slightly higher, while European markets are trading higher and Asian markets ended mostly lower. The ECB cut rates by 25 bps for the third consecutive meeting, signaling a shift to a more neutral stance. Policymakers remain focused on managing inflation risks, while Bloomberg reports suggest further cuts may come in January and March. Meanwhile, US PPI data came in slightly hotter than expected, though it has not shifted expectations of a December rate cut, which the market sees as highly probable. Geopolitics are in focus as easing tensions in the Middle East bring hopes for a Gaza ceasefire deal. Investors are also looking ahead to next week's FOMC meeting and updated economic projections.Companies Mentioned: Carlyle Group, Upbound Group, Blackstone, Dexus Property Group
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.
Featuring:Shana Sissel, Founder and CEO at Banrion Capital Management. Mary Nicola, Bloomberg M-LIV Strategist in SingaporeApple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437Spotify: https://open.spotify.com/show/0Ccfge70zthAgVfm0NVw1bTuneIn: https://tunein.com/podcasts/Asian-Talk/Bloomberg-Daybreak-Asia-Edition-p247557/?lang=es-esSee omnystudio.com/listener for privacy information.
ASX 200 fell 34 points to 8300 (-0.4%) with a late rally saving some blushes. Down 1.5% for the week. Banks showed some resilience, with CBA attracting investor interest as a safe-haven option. The Big Bank Basketrose to $257.08 (+0.2%), with MQG up 0.3% with insurers easing slightly. REITs fell with NKOTB DGT falling 9.0% on debut. Not a great debut. Industrials were mixed, WOW up 0.3% and ALL rallying 1.2% as WES fell 1.3% and QAN dropped 1.2% on more industrial action. Resources fell significantly as iron ore prices dropped in Asia. BHP lost 1.5% with FMG continuing its wild ride down 3.7%. Gold miners sagged on lower bullion prices following the US PPI last night. Uranium stocks surged following the coalition's announcement of plans to establish seven nuclear power plants across the country. PDN up 4.7% and DYL rising 2.8%. Oil and gas stocks better with WDS up 0.5%. In corporate news, IFL was on the receiving end of a NBIO from Bain at 400c, up 6.2%. S32 fell 1.1% on WA extending the Worsley alumina project. SDF fell 0.5% on some insider trading charges and TCL fell 0.9% on an update on NSW government negotiations. Nothing on the economic front locally. Asian markets eased despite Chinese stimulus talk. Japan down 1.0%, HK down 1.7% and China down 1.5%. 10-year yields back to 4.3%. Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
Thomas Rupf, CIO Asia, VP Bank dissects US PPI data; expectations for the Fed and BOJ's respective final interest rate meetings of the year; why investors may favour the mid-cap space in the current market environment; and the potential impact of China's latest stimulus measures on its economy against the backdrop of Donald Trump's tariff threats. Produced & Presented by Emaad Akhtar See omnystudio.com/listener for privacy information.
APAC stocks eventually mimicked the sentiment on Wall Street and traded mostly higher following a slow start to the session and despite a lack of macro news flow.DXY was flat whilst JPY saw mild strength and AUD was boosted by a strong Aussie jobs report after a dovish RBA.US President-elect Trump has invited Chinese President Xi to attend his inauguration next month; it was not clear whether Xi has accepted the invitation, according to CBS sources.European equity futures are indicative of a flat cash open with the Euro Stoxx 50 future +0.1% after cash closed +0.2% on Wednesday.Looking ahead, highlights include SNB & ECB Policy Announcements, ECB Press Conference, IEA OMR, US PPI, US Initial Jobless Claims, Japanese Tankan Survey, Supply from US, Italy, Earnings from Broadcom, Costco.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European bourses are mixed into the ECB, SMI outperforms post-SNB. US futures are modestly softer.SNB delivered a larger-than-expected 50bps cut and reiterated a willingness to intervene in the FX market as necessary.USD steady with peers and for the most part contained aside from CHF underperformance and Antipodean outperformance, AUD driven by jobs data.Fixed benchmarks are at/towards session lows into the ECB and US data thereafter, stateside yields are bid and the curve steeper.Crude in the green but only modestly so, base metals are little changed overall.Looking ahead, ECB Policy Announcement, ECB Press Conference, US PPI, US Initial Jobless Claims, Japanese Tankan Survey, Supply from the US, Earnings from Broadcom, Costco.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US equities pulled back overnight as hotter-than-expected US PPI data weighed on market sentiment. The Dow ended near session lows, down 234 points (-0.53%). Up 60 points at best. Down 245 points at worst. The NASDAQ fell back below 20,000 as tech stocks pulled back ahead of the Federal Reserves policy meeting next week and the S&P 500 lost 0.54%. On the economic front, US producer prices rose 0.4% MoM in November, the largest gain in five months. Annual PPI inflation accelerated to 3% from 2.6%. Core PPI rose 0.2% MoM, matching forecasts, with the annual core rate steady at 3.4%. Initial jobless claims in the US jumped to 242k in early December, up 17k from the prior week and above forecasts of 220k, the highest since October. US treasury yields rose following fresh economic data which confirms that the Fed will cut rates by 25bps next week. USD index up 0.28%, Bitcoin off 1.18%, and the AUD is flat. SPI down 55 points - Bid for IFL - DGT first day of school.WTI down 0.45% pressured by a forecast for ample supply in the oil market by the IEA.Copper fell 0.97% due to a firming USD. Nickel and aluminium found buyers, up 2.05% and 0.12%, respectively. Zinc, lead and tin are all down over 1.5% each.Gold slid 1.28% on profit-taking after the yellow metal hit a five-week high.Iron ore rebounded, up 1.0%, while Dalian fell 1.10% as markets wait for further clues on policy easing from a key economic meeting in China.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
European bourses gain with clear outperformance in the Euro Stoxx 50, lifted by gains in ASML +5.2% after it reiterated its 2030 sales outlook; US futures are modestly firmer whilst the RTY outperforms.Dollar continues to extend gains having surpassed 107.00, USD/JPY tops 156.00.Bonds are subdued with slight underperformance in Gilts ahead of Fed Chair Powell and BoE Governor Bailey.Metals succumb to the Dollar strength while crude trades choppily in a tight range.Looking ahead, US Initial Jobless Claims, US PPI, Japanese GDP, ECB Minutes. Speakers include ECB's Lagarde, Schnabel, Fed's Powell, Barkin, Williams & Kugler, BoE's Bailey & Mann. Supply from the US. Earnings from Disney, Brookfield, Applied Materials & Advanced Auto Parts.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US equities ended the week on a high note with the Dow rising 410 points (+0.97%) and the S&P 500 climbing 35 points (+0.61%) to hit record highs fuelled by strong financial sector performance after upbeat earnings from banks. The NASDAQ rose 0.33%, and small caps Russell 2000 outperformed rising over 2%. Financial stocks led the rally, with the S&P 500 Banks index jumping 4.2%, while the KBW regional bank index climbed 3.3% hitting its highest level since April 2022. For the week, the S&P 500 gained 1.11%, while the Dow climbed 1.21%, and the NASDAQ also rose 1.13%, marking the fifth consecutive weekly gain for all three indices. US final PPI was unchanged up 1.8% YonY, the smallest gain in 7 months reinforcing views of a favourable inflation outlook. Results support expectations of a 25bps rate cut by the Fed next month, with a 95.6% probability according to CME FedWatch.ASS SPI up 46 - China disappoints over the weekend.COMMODITIESBP says weak refining margins to dent Q3 profit as fuel demand stalls.Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains.Libya's National Oil Corporation restores oil production to levels before c.bank crisis.Gold extends gains over 1% as US PPI data solidifies rate cut hopes.Aluminium rises on Guinea raw material supply concerns.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.
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Yesterday was expected to be volatile for Bitcoin as macroeconomic data from the US was released, but because the data was mixed, so was the reaction. It ended up being a rather quiet 24 hours for Bitcoin all-in-all, but outside of BTC, it was anything but. A consumer protection watchdog issued a warning about Tether's reserves and lack of an independent audit, but are the criticisms justified? US diplomats have been applying pressure on Nigerian officials as the Binance exec imprisoned in February remains behind bars and with worsening health. And finally, Donald Trump announces the launch of his crypto platform, World Liberty Financial, led by his son — but what is it? Further reading:Bitcoin price slips from $58K as US PPI, jobless claims surpriseWhat ‘far-fetched' scenarios could still send Bitcoin price to $0?Consumer protection watchdog warns about Tether's reservesUS diplomats pressure Nigeria to release detained Binance execTrump to launch World Liberty Financial crypto platform on Sept. 16Rise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.
European bourses are entirely in the green with the region taking impetus from the prior day's strength seen on Wall Street; US futures are modestly firmer.Dollar is flat ahead of US PPI/IJC, JPY & CHF are subdued amid their haven statuses in risk-on trade.Bonds are modestly lower giving back some the prior day's advances ahead of ECB.Crude oil and base metals are on a firmer footing benefiting from the risk-on mood, precious metals hold an upward bias.Looking ahead, US IJC, PPI (F), ECB Policy Announcement, ECB President Lagarde's Post-Meeting Press Conference, Supply from the US, Earnings from Lennar, Adobe & Kroger.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Petri Redelinghuys of Herenya Capital Advisors discusses the day's markets moves as we saw green across most boards, commodity counters, PGM prices, whether we can still expect a recession in the US, the interest rate decision from the ECB, and US PPI data. SAfm Market Update - Podcasts and live stream
Featuring: Jason Schenker, President of Prestige Economics Anna Edgerton, Bloomberg News Seattle Bureau Chief Rahul Chadha, Chief Investment Officer at Shikhara Investment Management Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437Spotify: https://open.spotify.com/show/0Ccfge70zthAgVfm0NVw1bTuneIn: https://tunein.com/podcasts/Asian-Talk/Bloomberg-Daybreak-Asia-Edition-p247557/?lang=es-es See omnystudio.com/listener for privacy information.
On today's Daily Voice, Sam reviews another good day for the markets, Starbuck's big move higher and previews the upcoming US CPI report
Chantal Marx of FNB Wealth and Investments discusses the day's markets moves, US PPI leading to most currencies including the rand strengthening, concerns if we don't see US interest rate cuts, Sasol's CFO stepping down, Santam's trading update, news out of Pick n Pay, and where to next for the retailer. SAfm Market Update - Podcasts and live stream
Macro Specialist James Brodie and Direct Trader James Todd weigh in on the macro markets' moves over the past week on the back of the data released last week including central bank rate hikes and cuts, U.S. ISM manufacturing and serviced data and U.S. employment data.U.S. employment data was weak, with only 114000 jobs created in July and unemployment sitting at 4.3%.Japan also had its biggest crash in stocks since Black Monday of 1987 with the repercussions of this affecting the Korean market as well.Looking to commodities; Copper is trading at its lowest level since March, with Hedge Funds having their biggest net-short position on commodities in 13 years and Gold support at 2,380 and resistance at 2,468.James and James discuss the recent sharp sell-off of Bitcoin and China heading into deflation.The key data to look out for this week is;Tuesday; US PPI, Japan CPI & PPI, UK wage growthWednesday; US CPIThursday; US jobless claims, Philly Fed, retail sales, Japan GDP, UK GDPFriday; US consumer sentiment, UK retail sales #Bitcoin #Japan #Japanesestock #stockcrash #Korea #unemployment #employment #macro #macronews #finance #SP500 #inflation #deflation
US equity futures are mixed as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. The Bank of Japan announced its intent to taper Japanese government bonds purchases and left rates unchanged as expected. Markets are fully pricing in two Fed rate cuts after cooler-than-expected US PPI provided further evidence on the disinflation trajectory. The G7 meeting saw the US and Ukraine sign a 10-year bilateral security agreement.Companies mentioned: Mastercard, Visa, Adobe
APAC stocks lacked firm conviction after the indecisive performance in the US ahead of key events.European equity futures indicate a flat to incrementally firmer open with Euro Stoxx 50 futures near the unchanged mark after the cash market closed down by 0.1% on Monday.FX markets are contained with DXY caged in a tight range, EUR/USD failed to sustain a 1.08 handle, USD/JPY gained a firmer footing above 156.Bunds were steady overnight and Crude futures traded with little in the way of conviction.Looking ahead, highlights include UK Employment Data, German ZEW, US PPI, OPEC MOMR, Comments from BoE's Pill, ECB's Schnabel, Fed Chair Powell & Cook, Supply from Netherlands, UK & GermanyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Equities are mixed, with trade tentative ahead of US PPI & PowellDollar is flat, GBP softer following commentary from BoE's PillBonds are firmer, taking a further leg higher after BoE's Pill before paring on ZEWCrude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixedWhite House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from ChinaLooking ahead, US PPI, OPEC MOMR, Comments from ECB's Schnabel, Fed Chair Powell & Cook. Earnings from Home DepotRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly lower markets in Asia, while European equity markets are broadly higher. Markets are finding some reprieve from cooler-than-expected US PPI. However, markets are pricing in less than two Fed rate cuts in 2024. ECB-speak after yesterday's policy decision is supporting a June cut, in a divergence from Fed policy. US banks will kickoff Q1 earnings season today.Companies mentioned: Brookfield Asset Management
Featuring: Gregory Daco, EY Chief Economist joins to break down US PPI data and to talk global macro markets. Willem Sels, Global CIO at HSBC Global Private Banking and Wealth, to share his perspective on APAC markets. Taro Kimura, Bloomberg Japan Economist, sits down with us from Tokyo to talk about the upcoming BOJ decision and how inflation is impacting daily life in Japan. Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437Spotify: https://open.spotify.com/show/0Ccfge70zthAgVfm0NVw1bTuneIn: https://tunein.com/podcasts/Asian-Talk/Bloomberg-Daybreak-Asia-Edition-p247557/?lang=es-esSee omnystudio.com/listener for privacy information.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Daniel Hornung, Deputy Director with the National Economic Council and Bloomberg News International Economics & Policy Correspondent Michael McKee discuss US PPI data that rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated. Bloomberg News Technology Reporter Alex Barinka talks about Steven Mnuchin targeting a purchase of TikTok from its Chinese parent company. Bloomberg News Global Economy Reporter Enda Curran provides the details of his Businessweek story America's Plumber Deficit Isn't Good for the Economy. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, shares the hiring platform's fifth annual State of US Nursing report. And we Drive to the Close with George Young, Portfolio Manager at Villere Funds. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.
European stocks closed broadly higher on Wednesday whilst the US took a breather, with some of the big tech stocks lower on the day. Japan was the standout Asian stock market with stocks boosted by an advance in commodity companies and a slightly weaker yen. The general market focus now turns to US PPI data due out today. Our Head of Economics & Next Generation Research Norbert Rücker, gives his latest thoughts on the oil market, and Nicolas Jordan provides the latest market insights from our CIO office.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Bernadette Anderko (Investment Writing)06:22 Oil market update by Norbert Rücker (Head of Economics & Next Generation Research)10:05 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:04 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.
APAC stocks sustained the positive momentum from Wall St where yields softened after the US data deluge.European equity futures indicate a higher open with Euro Stoxx 50 future +0.5% after the cash market closed up 0.7% on Thursday.DXY is marginally firmer vs. peers whilst the JPY marginally lags as the BoJ continues to talk dovishly.BoJ's Ueda said will examine whether to maintain various easing measures when the price target comes into sight.ECB's Villeroy said should not wait too long for cuts, Scicluna open to a cut in March.Looking ahead, highlights include German Wholesale Price Index, UK Retail Sales, French CPI, US PPI, UoM Sentiment, Comments from ECB's Schnabel, Fed's Daly, Bostic, Barr & BoE's Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European equities are entirely in the green, with semi-conductor names lifted in a read-across from Applied Materials post-earnings; US equities are mixed, NQ leadsDollar is around flat, JPY underperforms after dovish BoJ Ueda speakBonds are subdued, largely led by the higher-than-expected UK Retail Sales print, as attention turns to US PPI/Fed speakCrude is softer, paring the prior day's advances; Base metals bidLooking ahead, US PPI, UoM Sentiment, Comments from Fed's Daly, Bostic, Barr & BoE's Pill.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.
APAC stocks traded mixed with the major indices mostly rangebound alongside geopolitical concerns and Chinese data.US and UK conducted a joint strike against Houthi targets in Yemen.Chinese trade data either improved or topped forecasts, while inflation figures were mixed but ultimately deflationary on a Y/Y basis.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.7% after the cash market closed lower by 0.6% yesterday.DXY is caged in tight parameters, EUR/USD still capped by 1.10, USD/JPY remains on a 145 handle.Looking ahead, highlights include UK GDP, Output data & Trade Balance, French and Spanish CPI (Final), US PPI, ECB's Lane & Fed's Kashkari, Earnings from UnitedHealth, JP Morgan, BlackRock, Wells Fargo, Citi, BofA & Delta Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European equities are markedly firmer with sectoral performance led by geopolitical tensions and a negative Burberry update; US mixed into bank earningsUS & UK conducted a joint strike against Houthi targets in Yemen, which has led to marked upside in Crude; Brent back above USD 80/bblDollar is marginally firmer awaiting US PPI, Antipodeans firmer in-fitting with the risk toneTreasuries are unchanged whilst EGBs are modestly firmer deriving support from escalated geopolitical tensions; slight pullback on BoJ sourcesLooking ahead, US PPI, ECB's Lane & Fed's Kashkari, Earnings from JP Morgan, Wells Fargo, Citi, BofA & Delta Airlines.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
In this episode the Blokes discuss the current risk off sentiment in the markets & look at recent events impacting price action. This includes the latest US PPI and US CPI reports which both came out higher than previous. The complications that higher inflation can have on the economy is something Rory has discussed throughout the podcast and explains in this episode.Jonathan also talks us through his thoughts on the US Dollar. Today with little data to move the markets we saw the Dollar strengthen as the risk-off mood continues in the market. Jonathan recaps todays moves in FX pairs with Key levels to watch out for. Jonathan looks at levels we may reach in the DXY & how this could effect other USD pairs, talking us through his reasoning along with his view on the current horizon.Rory offers his view on Crude Oil with all factors looking like a continued rally to the upside. He then goes on to describe the correlation between Oil & the Canadian Dollar explaining how one effects the other.Rory then offers his opinion on Gold after closing a profitable trade today with major support levels coming into play. Rory also talks about the events upcoming in markets this week. As earnings season is drawing to a close a lack of economic data on Monday led to a muted session and the calendar is limited for the remainder of the week with UK inflation and US Building permits on Wednesday. The FTSE100 has been struggling the last few weeks so all UK investors will be watching the data closely for any clues on what the BOE may be doing next.Jonathan and Rory go into a lot more detail on the podcast and within the app so make sure you join one of the fastest growing investing and trading communities today for free!
Sanlam's Nick Kunze talks markets as they look like they're rolling over … US PPI shows inflation is not completely behind us and locally Aspen is looking strong. Paul Hutchinson from Ninety One on why you may have longer than you think as an investor and why it matters. Dylan Govender from Investec for Business on contesting the dti's import tariffs policies.
APAC stocks traded mostly lower after the post-CPI dovish unwinding seen stateside, Chinese property concerns and holiday-thinned conditions.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.6% after the cash market closed up by 1.6% yesterday.DXY is contained just above the 102.50 mark, USD/JPY eyes 145, EUR/USD sits just below 1.10.Looking ahead, highlights include French Unemployment Rate, UK GDP, Trade Balance, US PPI, UoM (Prelim), Speeches from RBA's Lowe, Bullock & Kohler.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
European bourses are under modest pressure as benchmarks gradually dip in catalyst thin trade; US futures near unchangedDXY is incrementally softer with GBP the standout outperformer post UK GDPGiven the above, Gilts lag though EGBs are also lower while USTs remain afloat pre-dataCrude benchmarks are near unchanged after Thursday's subdued settlement, XAU bidLooking ahead, highlights include US PPI & UoM (Prelim).Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Link to slide deck: https://bit.ly/44n5rhj - The equity market rallied continued apace yesterday, encouraged by a drop in treasury yields all along the curve and benign US PPI data. Earnings season kicks off in earnest today and gathers pace next week - can companies deliver after the aggressive expansion of multiples over the last three months? In FX, we note that in trade-weighted terms, the Euro is at all time high (nominal effective terms according to ECB measure). We also note the rising anticipation that the Bank of Japan may have to tweak policy at its meeting in two weeks. Commodities have also been rocked by developments, where today we focus on crude oil, copper and silver. Today's pod features Ole Hansen on commodities with John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo - Intro and outro music by AShamaluevMusic
MON: Riksbank Minutes, Bank of Israel Announcement, Chinese Inflation (Jun), Norwegian CPI (Jun), Chinese New, Yuan Loans (Jun)TUE: EIA STEOWED: BoC Announcement, RBNZ Announcement, German CPI Final (Jun), UK Jobs Data (May/Jun), German ZEW Survey (Jul), US CPI (Jun)THU: ECB Minutes, BoK Announcement, OPEC MOMR, IEA OMR, EU-Japan summit, UK GDP (May), US PPI final Demand (Jun)FRI: US University of Michigan Prelim. (Jul), German Wholesale PriceRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Today we had the pleasure of hosting Rich Powell in the studio. Rich Powell is the CEO of ClearPath, a non-profit organization headquartered in Washington dedicated to developing and advancing smart energy policies. We are always eager to connect with pragmatic, balanced, solutions-oriented people and were delighted to visit with Rich. Rich first helps frame our discussion with background on ClearPath's mission and focus areas, their pulse on the developing world's access to energy and how much development there is left to do to, Rich's observations on the evolution of the climate debate since ClearPath was founded eight years ago, the promising future for nuclear energy with bipartisan support, ClearPath's involvement with the Energy Act of 2020, the process for permitting clean energy projects and how pipelines are fundamental, the footprint of prime energy demand, additional opportunities for bipartisan energy policies, the centrist community in Washington, Rich's observations on young people's energy opinions, his takeaways from attending COP 27, decarbonization priorities, the goal to find new technologies that wouldn't need to be subsidized or mandated, and more. We had a hard time ending the discussion and can't thank Rich enough for joining. Mike Bradley hit on three key points for the week including this past weekend's OPEC meeting, the EU's sanctions package starting on December 5th, and potential market reactions to new US PPI data, scheduled for release on Friday. Colin Fenton shared an update on U.S. shale output in the context of overall U.S. liquids and gas production growth. We hope you enjoy the conversation as much as we did! Thanks to you all.