The RBA are expected to hike by 25bp tomorrow
Whilst money markets favour a 25bp hike tomorrow, we shouldn’t discount the potential for a 15bp or even a 50bp hike.
European Open: FTSE bulls eye new highs, NFP on tap
We wrap off the week with today’s NFP report at 13:30 GMT, but first we’ll see if bulls can retain control of the FTSE 100 following yesterday’s breakout.
US open: Stocks fall as Snap disappoints & ahead of the Fed
Stocks are heading southwards after Snap, a usual canary in the coal mine, posts the slowest revenue growth since going public in 2017 and as investors await the Fed rate decision.
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Russell: US indices look to extend gains as FOMC decision looms
The market has been quick to dismiss the Fed’s hawkishness and price in a lower terminal interest rate in recent meetings...
ECB Preview: All about forward guidance
While a 50 basis point hike is fully priced in, there’s still a lot of uncertainty in terms of forward guidance...
US open: Futures pare earlier losses as the Fed meeting begins
Futures pared earlier losses after US labour cost data comes in weaker than expected a sign of cooling inflation. The data comes as the Fed meeting kicks off ahead of tomorrow's decision and as earnings continue to roll in.
US indices hit by profit-taking
…But the trend remained bullish ahead of key earnings and central bank meetings
Stronger US data maintains goldilocks scenario for risk assets
As well as GDP, there were positive surprises in Jobless claims and durable goods orders
Markets steady ahead of GDP, earnings and CB meetings
There are still a few important macro pointers that investors will be watching this week ahead of a very busy next week
EU markets ease on mixed European PMIs
There were some downside surprises with French and UK services, and German manufacturing, all disappointing expectations
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European Open: Futures point higher, DAX and FTSE bears to fade the rally?
The overnight session had a slight risk-on vibe as China claims to have reached ‘park covid’ ahead of the lunar holiday.
US open: Stocks edge higher ahead of tomorrow's inflation report
Stocks rise, adding to yesterday's gains as investors await tomorrow's key CPI report, which is expected to show inflation falling further.
US open: Stocks fall ahead of Powell's speech
Hawkish Fed comments yesterday and cautious trade ahead of Powell's speech today weigh on stocks.
US indices drift lower as focus turns to Powell
Investors are growing increasingly confident in their view that the Fed’s tightening cycle will end this quarter, before it starts an easing cycle in the third quarter.
Nasdaq hits fresh weekly low as yields jump
Today’s stronger employment data has raised worries about wage inflation, fuelling fears the Fed's terminal interest rate will be above 5%
US open: Markets in holding pattern
We have ADP payrolls later today, while Friday will see the release of Eurozone CPI as well as US nonfarm payrolls and ISM PMI, to hopefully liven things up
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FOMC Minutes: Inflation is still main risk
Despite the hawkishness of the FOMC Minutes, the US Dollar barely budged while stock markets sold off
DAX: European stocks outperform again
Sentiment boosted because of warmer-than-expected weather which has reduced fears about gas shortages.
FTSE (UK 100) rallying on two positive macro stories to start the new year
The index is gaining nearly 1.5% to start the new year, and more importantly, it has rallied up to test its highest level in seven months...
Stocks’ positive start fading
As traders watched the share price of Tesla opening lower, indices were trading higher on the session.