PMI shocker from China, Fed hikes rates

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


Waiting for the Fed

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


Wild week ends

By Craig Erlam It’s been another wild ride in the markets this week, but indices are on course to end it roughly where they started. There has been a lot to digest


Stability amid tech earnings

By Craig Erlam Equity markets stabilised a little in the middle of the week, with big tech earnings failing to steer them significantly one way or another. It’s been a mixed bag


Jumpin’ Vlad flash cuts his gas

By Jeffrey Halley The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China’s slowdown fears grabbed centre-stage. The economic


Tech glitch as Netflix disappoints

By Craig Erlam Wednesday was slightly better for stock markets in Europe as they continued to fluctuate in the same ranges they’ve traded in for the last month. US indices had a


A Bullard in a China shop

By Jeffrey Halley The ‘who can be the most hawkish Fed President’ quiz continued overnight as James Bullard came out swinging, suggesting that Fed Funds may need to rise to a “neutral”


China GDP beat reveals cracks

By Jeffrey Halley With most of Europe, as well as Hong Kong, Australia and New Zealand on holiday on Monday, the focus has been on the tier-1 data releases from China. China


ECB’s unhelpful ambiguity

By Craig Erlam European stocks edged higher Thursday ahead of the long bank holiday weekend; ending the week not far from where they started as investors mull the latest policy decisions, inflation