Headlines: 10-year JGB yields fall back after first run up against 0.50% How significant was the impact of the BOJ surprise this week? ECB’s de Guindos: 50 bps rate hikes may be the new standard UK Q3 final GDP -0.3% vs -0.2% q/q prelim Markets: AUD leads, CAD lags on.
US stocks close higher for the 2nd consecutive day Bloomberg: US recession rises to 70% in 2023 WTI crude oil futures settles at $78.29 US treasury auctions off 20 year bonds at a high yield of 3.935% Two-year Treasury yield falling below Fed funds argues for a weaker US dollar.
Headlines: Light changes among major currencies for the most part Germany January GfK consumer sentiment -37.8 vs -38.0 expected UK December CBI retailing reported sales 11 vs -23 expected US MBA mortgage applications w.e. 16 December +0.9% vs +3.2% prior Zelensky will visit Washington later today on Biden’s invitation Markets:.
Gold was a solid place to camp out in a rough global market in 2022. It’s trading at $1815 at the moment, which is just a shade below the Dec 31, 2021 closing level of $1829. Compare that to stocks, bonds or crypto and it’s a big win but what.
The major US stock indices are opening marginally lower. Each of the indices are down for four consecutive days. All the indices are down for the month as well with the NASDAQ index leading the way it down -8.4%. The last time the indices were down in December were in.
Headlines: One final surprise before Christmas from the BOJ BOJ’s Kuroda: Today’s decision is not a rate hike BOJ’s Kuroda: We have absolutely no intention to hike rates, tighten policy BOJ’s Kuroda: US inflation has clearly passed its peak The Japanese yen continues to soar post-Kuroda Equities recover some poise.
Headlines: USD/JPY holds lower to start the week amid BOJ rumours ECB’s de Guindos: We do not know when rate hikes will stop ECB’s Šimkus: No doubt that there will be a 50 bps rate hike in February ECB’s Kazimir: Strong action will be necessary in 1H 2023 Germany December.
In the past year we’ve seen the implosions of: NFTs Meme stocks Crypto Tech stocks With that, you would think retail traders would sober up. Instead, they’ve switched from hard liquor to crack cocaine in the of ultra-short-dated equity options. Here’s a chart from Goldman Sachs showing that 44% of.
Headlines: ECB’s Centeno says very low probability of returning to 75 bps rate hikes ECB’s Holzmann: The choice was between hawkish 50 bps or dovish 75 bps rate hike ECB’s Rehn: There is quite some way to go with rate hikes ECB’s Villeroy: Must not speculate on the number of.
Headlines: BOE raises bank rate by 50 bps to 3.50%, as expected SNB raises policy rate by 50 bps to 1.00%, as expected Dollar climbs as stocks retreat in European morning trade Equities on the retreat as we get into European trading Germany November wholesale price index -0.9% vs -0.6%.
The market calls the Fed’s bluff US stocks erase declines. Trade higher on the day as Powell testimony continues Powell Q&A: Strong view of FOMC is need to stay with rates high until inflation falls A look at the technicals post the FOMC rate decision Powell opening statement: We have.
The major US stock indices are trading mixed/little changed at the open. A snapshot of the market is showing: Dow Industrial Average up 65.91 points or 0.19% at 34174.56 S&P index up 4.91 points or 0.12% at 4024.55 NASDAQ index up 3.29 points or 0.03% at 11260.10 Russell 2000 up.