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"Australia" tag
japan-marketexpress-in

Japan Drives Home Message

The US dollar is mixed, but the spotlight is on the Japanese yen. It appears that with the market challenging Monday’s intervention, Japanese officials entered the market shortly after the US equity market closed yesterday,...

market-marketexpress-in

Calmer Capital Markets…for the Moment

The capital markets are quiet today. Equity markets and bond yields have a slight upside bias, while the dollar is little changed. Despite reports that the lockdown in Chengdu is easing, Chinese equities underperformed in...

us-interest-rate

Fed Minutes were Not as Dovish as Initially Read

The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...

ecb-eu-marketexpress-in

Euro and Sterling Slumps Extended

Russia’s decision to cut gas supplies to Poland and Bulgaria and the sharp sell-off in US equities yesterday casts a pall over the markets today.  But not the dollar. The euro punched through $1.06 for...

dollar-equities-us

US Employment Data is Important but for the Millionth Time, Don’t Exaggerate It

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...

dollar-markets-marketexpress-in

Did Japan Deliver a Fait Accompli to the US?

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...

markets-global-marketexpress-in

Strong Gains in US CPI and PPI Don’t Stop the Bond Market Rally

A possible deal in OPEC saw a sharp drop in crude oil prices, and there is some follow-through selling today. European yields are lower, though hawkish comments are weighing on UK Gilt prices. Australia’s jobs...

sterling-uk-marketexpress-in

Australia and Britain reach agreement for free trade deal

Australia and the UK have signed a free trade deal as Britain seeks to find alternative markets in the wake of Brexit. The deal was hailed by British Prime Minister Boris Johnson as “a new...

dollar-markets-marketexpress-in

May Fourth be with the Dollar

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...

ecb-eu-marketexpress-in

ECB in Focus, while Australia Pokes the Panda

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...

facebook-newscorp-marketexpress-in

Australia: Facebook to pay Murdoch’s News Corp for content

News Corp and Facebook have come to an agreement three weeks after the Australian government approved laws to make the digital platforms pay for news. The media company had already made a similar deal with...

encrypted-data

Australia passes law forcing tech firms to hand over encrypted data

Passage of a law expanding Australia’s spying powers may have global implications for encrypted communications. Critics say the law may unleash unintended consequences. Australia’s Parliament on Thursday passed a controversial bill that will force tech...