Record high closes yesterday for the S&P 500 and NASDAQ have done little to help global equities today. Most of the Asia Pacific region markets, but Japan and Australia slipped ahead of the weekend while...
The biggest rally in US equities in four months has helped stabilize global shares today. In the Asia Pacific region, Japan, China, and Australian markets advanced. Led by information technology and consumer discretionary sectors, Europe’s...
The greenback had a tough week. It fell against most currencies. Our GDP-weighted currency index snapped a three-week drop, which ended an eight-week advance. The combination of a seemingly more hawkish Federal Reserve and position...
Falling US yields weigh on the US dollar. The 10-year Treasury yield is flirting with the 1.50% mark, and the greenback is trading heavily against all the major and most emerging market currencies. European and...
The US dollar is enjoying broad, even if not large, gains today following yesterday’s recovery from three-year lows against sterling and four-year lows against the Canadian dollar. The greenback is firmer against all the major...
Last week’s cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices. The June gasoline futures gapped higher to extend last week’s 2.4% gain but has subsequently moved lower to enter...
After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today. It is posting broad gains, and the euro has been sold through last week’s lows. Among the...
The capital markets are mostly quiet ahead of the ECB meeting, today’s highlight. The rise in US equities yesterday is helping lift equities today. The MSCI Asia Pacific Index snapped a two-day fall, and Europe’s...
The US raised $207 bln yesterday by selling bills and coupons with little fanfare. The bid-cover on the three-year and 10-year sales were a little softer than at the last auctions. Today, the US will...
Equities have more stable footing today, despite yesterday’s losses in the US, as the relative stability in the bond markets bolster risk-appetites. Led by a 2.7% rally in Hong Kong, which matches its largest advance...
Rising rates continue to spur a rotation and retreat in stocks. Yesterday the NASDAQ sold-off by nearly 2.5% while the Dow Industrials eked out a minor gain. Equities are mostly higher in the Asia Pacific...
Investors have turned cautious ahead of the weekend. The US dollar is firmer, stocks are struggling, bond yields are higher, and gold and oil are consolidating. Profit-taking was seen in Asia Pacific equities, and even...
