Headlines: Markets: USD leads, NZD lags on the day European equities mixed; S&P 500 futures down 0.3% US 10-year yields up 1.9 bps to 4.859% Gold up 0.2% to $1,973.24 WTI crude flat at $83.69 Bitcoin up 1.0% to $34,253 It was a slower session today as traders didn’t have as much to work with
China to hold its financial conference focused on economy, debt risks Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016 Australian PM Albanese confirms he will meet with Communist Party Chair Xi in China in Nov Chinese police raided the Shanghai offices of a London-based firm, detained an executive
Markets: WTI crude down 20-cents to $88.14 US 10-year yields down 7.6 bps to 4.91% Gold up $5 to $1978 S&P 500 down 56 points, or 13% GBP leads, NZD lags Equities took another beating but there were signs of optimism elsewhere. Buyers arrived in fixed income after a test of 10s early in US
On Friday markets were worried about the geopolitical risk in Israel. Gold surged Yields move lower on flight to safety Oil surged Stocks moved lower. USD moved higher Although tensions remain elevated in Israel, and bombings continue, there was not the ground and/or air assault expected. So there was a reversal of the trends. Gold
Markets: Gold up $60 to $1928 Oil up $4.74 to $87.65 US 10-year yields down 7.9 bps to 4.62% S&P 500 down 0.6% CHF leads, NZD lags This isn’t the kind of price action anyone wants to see while bombs are flying in the Middle East. The strength of the rallies in gold and oil
When the US jobs report came out and showed a stronger-than-expected 336K nonfarm payroll jobs (estimate 170K) and revisions of over 100K to the prior month’s, the US dollar moved higher, yields moved higher and stocks moved lower. However, then people started to look at things like the unemployment rate remaining at 3.8% (despite the
The day started with US yields down marginally after overnight saw the 30-year bond yield touch 5.0% (at 5.01%) before buyers came in and pushed the yield lower. The yield reached the highest level since August 2007 before retreating.. The 10-year yield reached 4.884% and likewise backed off those elevated levels. For the 10 year,
Markets: Gold down $16 to $1848 WTI crude oil down 78-cents to $90.93 US 10-year yields down 0.2 bps to 4.57% S&P 500 down 12 points to 4288 AUD leads, CAD lags The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some cases
The NZD and the AUD are ending the day as the strongest of the major currencies. The JPY is the weakest. The latest central bank decision came before the US open, when the Bank of Japan in The rates unchanged but did say that they would consider easy policy exit 1 achievement 2% inflation is
Asia FX kicked off the week in waiting mode, this week for the barrage of central bank decisions including those from the Fed, BOJ, BOE and SNB. Major forex rates moved in limited ranges only. On the news front there is no imminent resolution in sight to end a strike by US United Auto Workers.
