Markets Core bonds took a breather after last week’s violent selloff. Japanese markets this morning suggested otherwise though. The long end was pressured strongly with yields rising up to 20 bps at some point on a combination of another increase in oil prices and the Takaichi administration considering an extra debt-funded budget for relief measures….
Markets The by-nature fragile ceasefire between the US and Iran was weakened severely by yesterday’s skirmishes in the Persian Gulf but survives so far. US Defense Secretary Hegseth detailed Operation Freedom in a press conference today, calling it a defensive and temporary mission to open up the vital Hormuz Strait and added that while the…
Nonfarm payrolls enter spotlight after hawkish Fed. RBA prepares for its third straight interest rate hike. Canada employment report comes out alongside the NFP. Switzerland CPI and New Zealand jobs data also on tap. Middle East tensions lift the Dollar and yields The US dollar staged a recovery against its major peers this week, despite…
Central bank special The ECB stuck to a 2% deposit rate and said it is well positioned to navigate through a significantly more uncertain outlook. “Well positioned” isn’t the same as “the good place” the ECB was in prior to the Iran war (and which suggested a long pause), Lagarde said. The energy shock resulted…
Markets Tomorrow’s FOMC meeting has been somewhat overlooked recently. The US central bank started 2026 on the back of three consecutive 25 bps rate cuts as downside employment risks warranted pre-emptive action on the notion that monetary policy could move from restrictive to neutral given falling upside inflation risks and strengthening confidence in the inflation…
Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week. This week concludes a heavy February trading month, with a weighty week incoming right after. Get ready for next week’s action by exploring upcoming events across global Markets. Week in review – Markets remain very anxious, and they just…
Dollar ended last week broadly lower, outperforming only the even more beleaguered Yen. That said, the technical deterioration in Dollar is still measured rather than decisive. For now, Dollar’s selling momentum reflects hesitation more than capitulation. Two key forces are shaping this fragile balance. The first is indecisive risk sentiment, which remains unsettled rather than…
Markets were broadly quiet today as holiday conditions dominated trading, with liquidity thinning further after a major technical issue at the Chicago Mercantile Exchange brought several platforms to a halt. The CME said trading had come to a standstill due to a cooling problem at one of its data centers. The outage affected Globex futures…
Last week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening brought little comfort. U.S. assets struggled across the board. Equities came under pressure as investors…
Week in review – Markets remain very anxious This week finally saw the US government reopen after the longest ever government shutdown, which lasted 43 days. News of the deal initially brought a much-needed rally in stocks on Monday, but throughout the week, markets have been plagued by sudden selloffs without much explanation. NOTE: The…