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Latest Market Notes
13 Oct 2024
Peter Dragicevich, Currency Strategist, APAC
• Consolidation. Quiet end to last week. US S&P500 hit another record. Bond yields ticked up while the USD remained range bound.• China stimulus. More positive rhetoric but no specifics about the next wave of fiscal stimulus. But this looks to be a matter of when, not if.• Event radar. Locally, jobs figures are due (Thurs). Offshore, ECB meets, while US retail sales, NZ CPI, UK CPI, & China...
11 Oct 2024
Karl Schamotta, Chief Market Strategist
The dollar is recovering, ten-year Treasury yields are pushing higher, and risk sentiment is worsening as traders further downgrade odds on rate cuts from the Federal Reserve, forcing investors to brace for a modest tightening in financial conditions. The Canadian dollar is surging on an unexpectedly-strong jobs report, which is also lowering expectations for an accelerated pace of monetary easing...
10 Oct 2024
Peter Dragicevich, Currency Strategist, APAC
• Partial reversal. US equities consolidated, bond yields eased, & base metal prices rose. After a negative run AUD & NZD a bit firmer.• US inflation. Headline & core CPI a touch higher than predicted. Key underlying trends still point to a series of US Fed rate cuts over the next year.• Event radar. China holds a fiscal policy briefing tomorrow. US PPI tonight. Next week AU jobs, US retail...
10 Oct 2024
Karl Schamotta, Chief Market Strategist
Consumer price growth accelerated in the United States last month, reducing the Federal Reserve’s scope for manoeuvre as it eases policy settings, and further depressing odds on a second outsized rate cut at next month’s decision. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index – with highly-volatile food and energy prices excluded –...
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News Feed
1 hour ago
Euro Zone’s Cooling Jobs Market Feeds Calls for Faster ECB Interest Rate Cuts  Bloomberg
2 hours ago
Live news: Chinese equities mixed after weekend press conference and lacklustre data  Financial Times
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