By Craig Erlam European stocks are making steady gains on Monday, recovering a small portion of last week’s heavy losses as economic concerns mounted. There’s been a shift in the market mindset
By Jeffrey Halley The “R” word is being used more and more as recessionary winds start blowing loudly through economic data and the price actions across the asset class spectrum. On Friday,
By Craig Erlam I think we all earned a weekend break in the sun after a quite extraordinary week in the markets that saw plenty of central bank action, even from those
By Jeffrey Halley The post-FOMC rally ran equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as
By Jeffrey Halley Things didn’t improve from overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts Tuesday. Among the biggest casualties
By Edward Moya US stocks rallied Monday as improvement with China’s COVID situation, optimism that a strong labour market will help the US consumer handle the latest wave of inflation, and after
By Craig Erlam European stock markets are a little lower on Tuesday, handing back Monday’s gains to trade relatively flat on the week. It’s not surprising that we’ve seen a reversal of
By Jeffrey Halley Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the
