Overview: The recovery in equities stalled, and the risk-off mood has helped lift the US dollar, which had been trending lower. Taiwan and Malaysia were notable exceptions in the Asia Pacific regions to the heavier equity tone. The Nikkei gave back almost 0.5% after surging more than 3% on Tuesday. Europe’s Dow Jones Stoxx 600 …
The capital markets will turn increasingly quiet in the week ahead as the Christmas holiday thins participation. If this is the season of goodwill, investors are lapping it up. Global equity markets are finishing a strong year on a high note. Record highs were recorded in the S&P 500 and the Dow Jones Stoxx 600. …
Overview: The prospects that the US-China deal could include some rolling back of existing US tariffs helped underpin risk appetites. After new record highs in the US S&P 500 and NASDAQ, Asia Pacific markets marched higher, and the MSCI Asia Pacific reached its highest level since August 2018. A small rate cut by China and catch-up …
Overview: As the UK awaits the EU’s decision on its request, disappointing flash PMI readings Japan, Australia, and Germany have filled the news vacuum. Sweden’s Riksbank retained a hawkish tone while keeping rates on hold, and Norway’s Norges Bank also stood pat. The market expects Turkey to deliver a rate cut, while the ECB meeting is …
Flash PMIs Disappoint Despite Negative Interest Rates Read More »
Overview: The momentum from the end of last week carried into yesterday’s activity, but the momentum began fading. Today, equities were mixed in Asia Pacific and weaker in Europe. The Dow Jones Stoxx 600 reversed lower yesterday and is slipped further today. The S&P 500 may gap lower at the open. US 10-year yields are …
Equity markets and the US dollar closed last week and August on a firm note. Ahead of the weekend, the dollar rose to new highs for the year against the euro, Swedish krona, Norwegian krone, and the New Zealand dollar. While the next set of US and Chinese tariffs start September 1, the market is …
With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today. The chief story today, though, is not the greenback but the euro. The euro is trading heavily for …
Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs Read More »
Dollar Mixed in Thinning Activity, Dow 20,000 Watch Continues – Marc to Market Edit The US dollar is narrowly mixed as the holiday markets make for light turnover. Global equity markets are not finding much encouragement from the new record highs by the Dow Jones Industrials. There have been a few developments to note. First, the …
Dollar Mixed in Thinning Activity, Dow 20,000 Watch Continues Read More »
The US dollar has found steadier footing today after trading heavily yesterday. There are two main themes. The first is sterling’s heavy tone. After closing the North American session 0.5% higher yesterday to snap a five-day losing streak, it has come under new pressure today. The ostensible trigger was the RICS house price balance, which …
Sterling Struggles to Find a Bid, While RBNZ Can’t Knock Kiwi Down Read More »