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Stocks don’t believe the Fed!
Does the Fed have it wrong? Bad data is good data for the stock market as it means that the Fed will raise rates as a slower pace
Preview of AU Dec Jobs data and where to next for the ASX200
Tomorrow at 11.30 am Sydney time, Australian labour force data for December is scheduled to be released.
ASX200 through a fresh 2022 lens
My first day back in the office today since Christmas Eve, which brings with it the benefits of a recharged battery and a fresh lens to view markets.
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RBA preview and what comes next for the ASX200?
At its last scheduled monetary policy meeting for 2021, the RBA tomorrow will likely keep interest rates on hold at 0.1% and reiterate that interest rates are unlikely to rise until inflation is sustainably back within its target band.
AU Q3 GDP preview and what Omicron means for the ASX200
Headlines on Friday that new cases of the Omicron variant had been detected in Hong Kong, enough to see the already teetering ASX200 fall 128 points, locking in a 1.6% loss on the week.
Stronger wages data unable to boost the ASX200 after soft CBA trading update
Over the past week and a half, the intraday volatility in the ASX200 has reminded of a caged animal. Its behaviour becoming increasingly frenetic in its attempts to break the confines of a well-established range.
SoMP Preview and what comes next for the ASX200
Wrapping up a massive week for antipodean markets, the RBA’s Quarterly Statement of Monetary Policy (SoMP) that contains the RBA’s key forecasts is released tomorrow.
MAS unexpectedly tighten and what comes next for the China A50
The central bank of Singapore, The Monetary Authority of Singapore (MAS) unexpectedly tightened its monetary policy settings today, to “ensure price stability over the medium term” amid higher inflation.
ASX200 eases ahead of AU business and consumer confidence data
A strong rally on Friday helped the ASX200 close last week 1.9% higher at 7320, bringing a run of four straight losing weeks to an end.
China A50 basing ?
Contrary to moves in other key global indices, September proved to be a good month for the China A50 as it finished up 4.50%. This may come as a surprise given the turmoil caused by China property developer, Evergrande.
Trump trade takes a turn for the worst as UK labour market surprises
The big theme this morning is the growing Russia/ Classified information/ FBI scandal that is engulfing President Trump and seems to be growing, octopus like, as we progress through this week. This is beginning to look a lot like Nixon’s Watergate scandal, in the sense that the Trump administration is fighting new fires everyday. The big question now is will one fire put an end to his Presidency altogether?
US NFP set to bounce back in April
City Index’s NFP forecast model predicts a 181k gain in US non-farm payrolls for April, which is a touch below economist estimates tracked by Bloomberg, that are predicting a gain of 190k. After last month’s large data miss, we will also be looking to see if there is a significant revision to the March NFP figure, where only 98k jobs were created.
Risk appetite tested by Macron, Feds, HSBC and UK economic data
European equities are set to open higher today after French Presidential favourite Macron was considered to have outperformed Marine Le Pen in the final Presidential debate in France last night. This has helped to boost equity markets in Europe and we have also seen a drop in French bond yields, suggesting that political risk premia is falling sharply ahead of the second round of the French election on Sunday
Will the Fed put the nail in the coffin of the stock market rally?
The Federal Reserve will conclude its meeting this evening and announce its latest decision at 1900 BST. The market expects no change in rates, and there is no press conference from Janet Yellen, so the focus will be on the statement.