Market news: headline, short summary and source. Read the full story at the source.
Prior was 1.239m Prior starts were -12.4% Building permits 1.394m vs 1.410m expected Prior permits 1.433m US housing starts fell 2.6% and permits were lower by 2.7% as the pain in the US housing market continues. US 30-year mortgage rates are now about 7% so there's no help coming but with the Fed showing that it's serious about inflation, there might be some relief on the other side of the Iran…
Prior was +47.4 Details: New orders 29.2 versus 30.1 last month Shipments 27.7 versus 27.7 last month Unfilled orders 20.4 versus 14.4 last month Delivery times 26.5 versus 3.7 last month Inventories -12.5 versus -3.7 last month Prices paid 48.6 versus 40.9 last month Prices received 31.3 versus 17.7 last month Number of employees 11.8 versus 27.9 last month Average employee workweek 18.0 versus…
US jobless claims for the week ending September 12: Initial jobless claims: 196K vs 208K expected. Prior 206K Four-week average of initial claims: 203.25K vs 206K previously Continuing claims: 1.730M vs 1.780M expected. Prior revised to 1.769M from 1.774M Four-week average of continuing claims: 1.761M vs 1.778M previously Insured unemployment rate: 1.1% vs 1.2% previously US initial jobless…
Prior was +0.6% Prices % y/y vs +12.4% prior This article was written by Adam Button at investinglive.com.
China has privately asked Iran to use its influence over Yemen's Houthis to help contain the group's military campaign, according to three Iranian sources familiar with the matter. The request reportedly followed an appeal from Saudi Arabia to Beijing as Houthi forces rapidly expanded their control along Yemen's Red Sea coast. According to the sources, Riyadh sought China's help after the Houthi…
Headlines: BOE leaves bank rate unchanged at 3.75% in 6-3 vote Long-end Treasury yields stay calm as markets digest the Fed Was the Fed really that hawkish or the market just overreacted? An objective overview Oil prices ease as Saudi Arabia projects to restore half pipeline capacity within days and Trump plans meeting with Gulf leaders S&P 500 looks for a technical bounce as 100-day moving…
Eurozone August final CPI +3.2% vs +3.3% y/y expected Prior +2.9% Eurozone August final core CPI +2.4% vs +2.4% y/y expected Prior +2.5% The breakdownThe final estimate shows a mild revision lower to headline annual inflation, recording 3.2% in August. The monthly estimate still reaffirms a 0.4% move higher in consumer prices, pushing up the annual rate to the highest since May. Energy price…
There are plenty of ways to pick apart the market reaction to the Fed, but I think the one that matters most right now is happening in the bond market. More specifically, at the long-end of the curve. 10-year Treasury yields are still hovering just below 5% after the Fed raised interest rates by 25 bps and delivered what was, on balance, a fairly hawkish message. It briefly dipped as low as…
After the EU talked about pulling Canada closer to its orbit yesterday, it was only a matter of time before we see Trump respond with his distaste and displeasure over the situation. And you can probably guess what his go-to response was to that. Yes, tariffs. Again. The EU opened the door for Canada to become the bloc's first-ever "associate member", in an attempt to deepen trade and security…
EUROPEAN SESSION In the European session, we have the BoE rate decision. The central bank is expected to keep the Bank Rate unchanged at 3.75% with a 6-3 vote split, while keeping a tigthening bias. The BoE has enough reasons to stay put for now, following a soft UK employment report and benign inflation data. The market is pricing in 42 bps of tightening by year-end and a total of 102 bps by the…
Nikkei, Kospi gain as expected Fed hike and lower oil ease market nerves TD forecast a Federal Reserve (FOMC) rate hike in October and January Goldman ditches one and done call, now sees a second Fed hike in October Saudi crude reroute via Oman pulls oil off four month highs PBOC sets USD/ CNY central rate at 6.7580 (vs. estimate at 6.7241) IMF says RBA may need more hikes as it urges Australia…
New Zealand Q2 GDP +2.6% y/y expected +2.3%, prior +1.7% +0.2% q/q expected +0.1%, prior +0.9% I'll have more to come on this separately ... added, here: NZ Q2 GDP beats forecasts at 2.6% y/y, easing RBNZ growth concerns This article was written by Eamonn Sheridan at investinglive.com.
A cancelled or downgraded summit would likely revive the trade friction narrative that had eased since the two leaders' May meeting in Beijing, with implications for sectors tied to that fragile detente, including agricultural exporters awaiting the Chinese soybean and grain purchases promised earlier this year, and aerospace names exposed to the stalled Boeing order. Conversely, a summit that…
NZD/USD reaction is likely to hinge less on the more upbeat bank forecasts and more on how far the actual print diverges from the RBNZ's own flat, 0.0% q/q baseline, since that is the figure underpinning the central bank's current policy guidance. A print in line with or above that flat forecast would likely be read as mildly reassuring for the recovery without materially shifting rate…
You know the people who think they are cool 'cause they have contrarian "hot takes" (after the event, of course ;-) )? Well, here's my effort: This is a boring week, nothing unexpected happened. Clarity bill failed - expected! FOMC hike - expected! NZ GDP the main info item today, I'll be back with a preview soon. This article was written by Eamonn Sheridan at investinglive.com.
Fed's Warsh: The economy appears to be strengthening Fed dot plot signals another 2026 rate hike as growth strengthens and inflation remains elevated The full statement from the Federal Reserve Board for September 2026 FOMC rate decision: Fed hikes for the first time in three years BOC summary of deliberations: Governing Council agreed near-term inflation likely to stay elevated Atlanta Fed…
West Texas Intermediate (WTI) Oil falls on Wednesday as Saudi Arabia steps up efforts to restore flows through its East-West pipeline, which was damaged by a drone attack last week.
NZD/USD trades around 0.5755 at the time of writing on Wednesday, virtually unchanged on the day after rebounding from an over two-month low at 0.5737.
The British Pound (GBP) trades just above 1.3450 on Wednesday, down 23 pips, after a morning that ran in two directions. It climbed into the August inflation release at 06:00 GMT, spiked on it, then spent six hours handing the move back and another 30 pips with it.
The Dow Jones Industrial Average trades just above 52,100 and has spent the Wednesday morning going nowhere, on the day the Federal Reserve (Fed) is expected to raise its rate for the first time since 2023. That is not indifference.
News text belongs to its source; only the headline and a short summary appear here.
