By Jeffrey Halley US markets got little solace, but more clarity, from the FOMC minutes overnight; the committee members remained highly focused on culling inflation, even if it was at the expense
By Lukman Otunuga, Senior Research Analyst at FXTM Another wave of risk aversion engulfed markets Tuesday morning after Wall Street closed in a bear market overnight and Treasury yields jumped to levels
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 Jeffrey Halley It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday
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 A massive risk aversion wave swept markets overnight, with the Bank of England raising rates by 0.25% to 1.0% in a split decision (three members wanted 0.50%), in line
By Jeffrey Halley The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on
By Jeffrey Halley Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision Wednesday
By Craig Erlam Tuesday was a mixed day that saw European indices slip a little into the red, while Wall Street enjoyed better returns of more than 1%. US equities managed decent
By Jeffrey Halley The FOMC minutes were released overnight and signalled a faster pace of balance sheet runoff than on previous occasions, targeting $95 billion per month from September, easing into the
