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Tuesday: Weaker US factories support Sept rate cut

US stocks rise and Treasury yields fall as weaker US manufacturing activity adds to signs the Fed can cut in September; the Aussie dollar continues i…

1 year, 11 months ago

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Monday: All eyes on FOMC and BoJ this week

US PCE data was in line with forecasts. The Fed is seen waiting until September before cutting, rather than this week. The Bank of Japan is expected …

1 year, 11 months ago

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Friday: US GDP stronger than expected

US GDP growth beats expectations. Tonight’s US inflation data could take the Fed within touching distance of 2% inflation. The Nikkei falls the most …

1 year, 11 months ago

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Thursday: US stocks slump, but Yen surges

US stocks have fallen sharply on weak earnings from Tesla and tech stocks. The Bank of Canada cuts again. A surging Yen is pushing the US dollar down…

1 year, 11 months ago

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Wednesday: Global markets pause ahead of US data

Markets took a breather overnight to refocus on US GDP and inflation data tomorrow night. Australian consumer confidence improves as tax cuts arrive.…

1 year, 11 months ago

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Tuesday: Markets digest what Harris Presidency could mean

Kamala Harris’ backing to replace Joe Biden supports tech stocks, while a flight to safety sees the Aussie and Kiwi dollars both fall half a percent;…

1 year, 11 months ago

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Monday: Joe Biden won't stand for second term

US President Joe Biden announced this morning he won’t seek a second term. That’s after US tech stocks fell sharply on Friday night on the Crowdstrik…

1 year, 11 months ago

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Friday: ECB holds, but set to cut twice more in 2024

The ECB holds its official interest rates and markets see an 80% chance it will be able to cut again in September. US stocks edge lower with ongoing …

1 year, 11 months ago

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Thursday: Nasdaq hit by Trump comments

The Nasdaq is down almost 3%, especially its chip stocks, after Donald Trump said Taiwan should pay for its own defence. New Zealand’s soft inflation…

1 year, 11 months ago

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Wednesday: Strong US retail sales can't dent rate cut bets

Stronger US retail sales do little to dent September rate cut hopes. Gold hit a fresh high overnight. New Zealand inflation is being watched for sign…

1 year, 11 months ago

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