Houthis claim strikes on three Saudi sites including Riyadh airport, unconfirmed Households weather RBA hikes as debt-to-asset ratio hits 1997 low, Deutsche Bank says RBI decision today: most economists expect a hike to 5.50%, MUFG sees a hold Ether fi joins the stablecoin rush: why every crypto platform wants its own dollar RBI expected to hold at 5.25% today, MUFG sees two hikes by February Add…
Deutsche Bank's argument is hawkish at heart. If each hike does less damage to household cash flow than in the past, the RBA may need to do more to slow demand, which keeps a fifth hike in November in play and supports the short end of the Australian yield curve. That would also lend some support to the Australian dollar against currencies where central banks are closer to the end of their…
The detail that matters most for the Bank of Japan is base pay. Regular wages holding steady near 4% points to durable wage growth rather than a bonus-driven spike, which is the kind of evidence policymakers want before tightening further. That supports the yen and front-end Japanese government bond yields at the margin, even as the headline real wage gain slowed. The risk to the real wage…
The split matters for the Bank of Japan. Strength in manufacturing supports the case that the economy can absorb further rate increases, but respondents in property and services directly cited higher interest rates and weaker household spending as drags. That mix fits the gradual, no-pre-set-pace approach board member Ayano Sato outlined this week rather than any acceleration. Cost pressure…
Oil: Private survey of inventory shows a headline crude oil draw S&P 500, Nasdaq Composite and Nasdaq 100 close at records Crude oil rebounds as Hormuz tensions rise. Can buyers take back full control? Fed Schmid: Labor force remains a in a good place Although the broader indices are looking to close at record levels, the Magnificent 7 (sans Nvidia) lag behind US treasury sells $58 billion of 3…
There isn't much on the economic and event agends during the Aisa-Pacific timezone to shift marekts around too much upon release. Nnote that ECB board member Piero Cipollone will be speaking at an event in The Philippines, in a panel discussion at Reinventing Bretton Woods Committee International Research Fair. This article was written by Eamonn Sheridan at investinglive.com.
There is a little change in the market after the auction resultsThe first leg of the 3 coupon auctions this week including the 3 year, 10 year and 30 year is complete. Summary WI level at the time of the auction: 4.934% High yield: 4.932% WI level at the time of the auction: 4.934% Stop-through: 0.2 basis points vs the average stop-through of 0.3 basis points Bid to cover: 2.62X vs the average of…
Headlines: EUR/USD rebounds as French government takes steps to reduce deficit, narrowing OAT-Bund spread Ethereum consolidates at a major trendline as Glamsterdam hits Sepolia testnet. What's next? The price action in gold remains rangebound as US-Iran stalemate and CPI risk cap the upside Connecting the dots: How France’s budget problems are turning into the euro’s problem France is having its…
Prior month -92.8 billion Details from the BEA: Goods and services deficit: $105.6 billion. Prior $92.8 billion, revised. That is worse than expectations of -102.0B Deficit widened $12.7 billion, or 13.7%, from July. Exports: $315.2 billion, up $4.5 billion or 1.4%. Imports: $420.8 billion, up $17.2 billion or 4.3%. Goods deficit: $136.6 billion, widening $12.8 billion. Services surplus: $31.0…
Prior was +0.77 billion (revised to 0.79 billion) Exports: +2.5% MoM. Prior -2.6% Imports: -2.0% MoM. Prior +8.3% Canada's merchandise trade surplus widened sharply to C$4.2 billion in August, from C$787 million in July, as exports increased while imports declined. The result marked Canada's sixth consecutive monthly trade surplus, with merchandise exports rising 2.5% and imports falling 2.0%.…
France's bond market recently sent a strong message to policymakers. The spread between French and German 10-year government bonds surged above 150 basis points last week, reaching its widest level since the euro-area debt crisis. French borrowing costs approached 5%, while concerns over the country's deficit, debt trajectory and political fragmentation intensified ahead of the 2027 presidential…
With all that is happening in markets, there are plenty of charts worth watching in Europe right now. However, this in particular may be one of the most important. The gap between French and German 10-year bond yields has surged over the past month, as investors are demanding a much bigger premium for holding French government debt over German bunds. The move looks even more striking when you…
EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low tier releases like the Swiss unemployment rate and the Eurozone retail sales. None of the data won't change anything for the respective central banks, so the market reaction will likely be muted. AMERICAN SESSION In the American session, the calendar is going to be light as well, with just the…
Solana launches open settlement standard for institutions, with JPMorgan input ICYMI: Citi raises bitcoin target to $113,000 and ether to $3,028 as crypto inflows return Reports that Hormuz crude flows near 76% of prewar levels. Diesel shortage persists. Trump's red diesel order unlikely to cut most pump prices, says GasBuddy's De Haan S&P 500 defies midterm slump as Bank of America says history…
The Treasurer's warning puts fiscal pressure alongside monetary tightening as a theme for Australian markets, with higher interest costs likely to constrain spending in the mid-year update. A rising debt servicing bill could add to supply concerns for Australian government bonds if deficits widen, keeping upward pressure on longer-dated yields. With the RBA in a hiking cycle and global yields at…
Westpac's call for a November follow-up hike, despite the sentiment slump, signals that inflation risk still outweighs demand weakness for the RBA. That keeps support under Australian short-end yields and should limit downside for the Australian dollar on soft domestic data. Fuel is the key transmission channel, so further gains in crude prices would sharpen both the inflation pressure and the…
Firms widely expect interest rates to rise over the coming year, and signs that spare capacity is shrinking would support that view. Easing cost and pricing gauges, however, give the Reserve Bank of New Zealand some room on the inflation side. Oil is the main swing factor: the renewed US-Iran conflict has lifted fuel prices again, and further gains would test NZIER's view that the energy shock is…
The Nasdaq composite and NASDAQ 100 leads US stocks higher BoJ's Ueda in focus as markets weigh a back-to-back October rate hike Crude oil technicals: Middle east tension has crude oil futures moving higher.What next technically? You Have to BELIEVE in something: Why I trust the 100 and 200 moving averages ISM non- manufacturing PMI 54.9 versus 55.2 estimate S&P global composite PMI for September…
China remains on holiday. Mainland markets reopen on 8 October. During the Tokyo afternoon today we'll hear from Bank of Japan Governor Ueda. I'll get a preview of this posted separately. This article was written by Eamonn Sheridan at investinglive.com.
Prior month nonmanufacturing services PMI 55.4 Details from a ISM Services PMI: 54.9. Prior 55.4. September components compared with August: Business activity: 56.5 vs 61.7 New orders: 59.8 vs 60.9 Employment: 50.1 vs 47.8 Prices: 74.0 vs 72.6 Supplier deliveries: 53.2 vs 51.3 Backlog of orders: 56.6 vs 55.6 Inventories: 57.8 vs 56.7 New export orders: 46.9 vs 56.3 Imports: 52.9 vs 56.3 Inventory…
News text belongs to its source; only the headline and a short summary appear here.
