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 Craig Erlam Stock markets endured another negative day on Wednesday in Europe as investors await Thursday’s hotly-anticipated ECB meeting. Much like the other two days this week, it’s hard to read
By Jeffrey Halley With a dearth of heavyweight data this week until Friday’s US CPI, we are likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news
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 Edward Moya Robust hiring in the U.S. in May pretty much guarantees the Federal Reserve will move forward with a couple of half-point rate hikes at the next two meetings. US
By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western
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 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
