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Tuesday: China stocks rally fizzles out

China’s authorities moved over the weekend to stimulate stock market activity, but an initial 5% surge has faded overnight.

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2 years, 6 months ago

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Monday: Fed talk boosts US$ over 146 yen

The US$ is strong above 146.4 yen after the Fed warned inflation was still too high and it may have to hike again. Traders are on high alert for BoJ …

2 years, 6 months ago

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Friday: Rates jitters return ahead of Jackson Hole

US stocks are down around 1% and US Treasury yields are up 3-5 basis points on concerns big central bank speeches tonight could be hawkish. US second…

2 years, 7 months ago

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Thursday: Global flash PMIs surprisingly weak

US stocks and bonds are rallying after the first indicators of global business activity in August were much weaker than expected, reinforcing market …

2 years, 7 months ago

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Wednesday: PBoC escalates currency support

The PBoC has bolstered support for the renminbi, fixing the rate well above market expectations and squeezing funding costs higher for short sellers.…

2 years, 7 months ago

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Tuesday: High US rates driving strong US$

The US dollar strengthened again overnight to over 146 yen, thanks to another surge in the 10-year Treasury yield to 4.35% ahead of a key Fed speech …

2 years, 7 months ago

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Monday: All eyes on PBoC and Jackson Hole

China is expected to cut a key lending rate today and all eyes this week will be on Jerome Powell, who starts the Jackson Hole symposium on Friday ni…

2 years, 7 months ago

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Friday: US 10-year yield at 16-year high

The US 10-year Treasury yield jumped to 16-year highs overnight on growing talk the Fed will have to hike again. Risk-sensitive currencies are weak o…

2 years, 7 months ago

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Thursday: US factories humming on IRA, CHIPS

US industrial production data was much stronger than expected overnight. The RBNZ held its cash rate, but hinted it may have to do a bit more inflati…

2 years, 7 months ago

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Wednesday: US retail strong, just as China slides

US retail sales data was stronger than expected, ramping up the inflation pressure on the Fed. But China’s growth is slowing sharply, leading to a su…

2 years, 7 months ago

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