A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate...
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...
After a couple of sessions of taking on more risk, investors are taking a break today. Equities are mostly lower today after the S&P 500’s six-day advance took it almost to its record high, while the...
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...
The short squeeze that lifted the US dollar ahead of the weekend has seen limited follow-through buying, and instead a consolidative tone emerged. Europe is searching for direction and perhaps waiting for US leadership after...
The global capital markets have begun the new month and quarter on a good note. Equity markets are encouraged by yesterday’s gains in the US. Most markets in the Asia Pacific region rallied, led by...
