Category: wrap
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French Political Turmoil Ignites Rush for Havens: Markets Wrap
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(Bloomberg) — Investors sought safe-haven assets as concerns grew about political unrest in France, with European stocks heading for their worst week since October and U.S. stock futures weakening. Most read from Bloomberg The Stoxx 600 index fell by 1.2%, extending its losses since Monday to 2.6%. France’s CAC 40…
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Forexlive Americas FX news wrap: CPI gives and Powell takes
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Markets: Gold rose $3 to $2,319 The yield on US 10-year bonds fell by 7 basis points to 4.33%. West Texas Intermediate crude rose 46 cents to $82.39 The Standard & Poor’s 500 index rose 0.8% to a record high The Australian dollar is advancing, and the dollar is lagging…
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Traders in Wait-and-See Mode Before US CPI, Fed: Markets Wrap
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(Bloomberg) — European stock futures rose while Asian shares fell, as the double whammy of an upcoming U.S. inflation report and a Federal Reserve decision kept traders on edge. Most read from Bloomberg Hong Kong’s stock index fell more than 1%, with auto stocks leading the decline ahead of the…
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European Futures Rise Ahead of Key US Indicators: Markets Wrap
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(Bloomberg) — European stock futures rose as traders eyed U.S. inflation data this week and the Federal Reserve’s monetary policy decision. Most read from Bloomberg Futures on the Euro Stoxx 50 rose 0.2% even as most Asian stocks fell. Treasuries crept higher in Asia, while the Bloomberg dollar gauge advanced…
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Forexlive Americas FX news wrap 7 Jun”: US adds 272K new jobs but unemployment rate rises
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The US jobs report came out stronger, but again there were some ambiguous/less strong elements. Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimates Average hourly earnings increased by 0.4% versus 0.3% expected Average year-over-year earnings increased by 4.1% versus…
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Forexlive Americas FX news wrap 31 May: US PCE doesn’t scare. Yields lower. US down and up
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The big event this week was the core personal consumption expenditures data in the US. The Core Personal Consumption Expenditures Index is the Fed’s preferred measure of inflation. Expectations were for an increase of 0.3%. The actual increase was approximated to 0.2% for the basic measurement. In fact, the unrounded…
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Forexlive Americas FX news wrap 29 May: The USD moves higher with higher yields.
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The US dollar rose supported by higher yields. For the third coupon auction this week, demand was less than ideal. Yesterday was the 2 and 5 year auction. Today was a 7 year note. For the trading week, the 10-year yield did not come close to 15 basis points while…
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Asian Stocks Retreat as Bond Selloff Spreads: Markets Wrap
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(Bloomberg) — Stock and bond trading fell in Asia on Wednesday as traders weighed the impact of a jump in U.S. Treasury yields overnight and comments from the Federal Reserve chairman dampened bets on a Fed rate cut. Most read from Bloomberg The MSCI Asia-Pacific index fell for a second…
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Forexlive Americas FX news wrap 28 May: USD rebounds helped by rising yields &confidence
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US consumer confidence came in much better than expected in the US session. The index moved to 102.00 versus estimates of 95.9 details: The current situation index is 143.1 compared to 142.9 previously Expectations Index 74.6 compared to the previous 66.4 Hard-to-find jobs 13.5 vs. 15.5 previously 16.9% of consumers…
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Stocks Rise, Dollar Slips Ahead of Inflation Data: Markets Wrap
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(Bloomberg) — Asian stocks rose Tuesday as the dollar fell ahead of a string of inflation that is expected to impact the direction of global monetary policy. Most read from Bloomberg The MSCI AC Asia-Pacific Index rose, with stocks in Hong Kong leading gains in Asia. Markets in Japan and…
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Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
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(Bloomberg) — Asian stocks rose while the dollar fell on expectations of a rate cut from the Federal Reserve this year, and U.S. inflation data due this week are likely to indicate an easing of price pressure. Most read from Bloomberg Stock markets in Hong Kong, China, Australia, South Korea…
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Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week
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As the week comes to a close, the Canadian dollar ends the day as the strongest among the major currencies. The Swiss franc is the weakest. The US dollar was mostly lower with modest gains against the Japanese yen and Swiss franc. The Canadian dollar rose despite lower-than-expected retail sales…
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European Stocks Slip as Fed Rate Bets Pushed Back: Markets Wrap
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(Bloomberg) — European stocks fell on Friday, tracking declines in the U.S. and Asia, as traders retreated from expectations of the Federal Reserve’s first interest rate cut. Most read from Bloomberg The Stoxx Europe 600 index fell 0.5%, heading for its first weekly decline in three weeks, with technology and…
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ForexLive Asia-Pacific FX news wrap: Gold hit a record high, silver and copper surged also
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Speakers at the Fed on Monday included Bostic, Barr, Waller and Jefferson Iranian official media confirmed that there were no survivors from the helicopter crash The Saudi Crown Prince postpones his visit to Japan ICYMI – China’s benchmark lending rates remained steady: 1-year loan coverage ratio at 3.45% and 5-year…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Asian Stocks Rise After US Gains, China Support: Markets Wrap
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(Bloomberg) — Asian stocks were mostly higher in early trading after U.S. stocks hit a new record high amid resilient corporate earnings and as China took steps to shore up its real estate market. Most read from Bloomberg Stocks rose in Australia and Japan, and Hong Kong futures pointed to…
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Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
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The British pound ended the US session as the strongest of the major currencies today. The Swiss franc is the weakest. The US dollar ended the day mixed with gains against the Japanese yen and Swiss franc and losses against the British pound, Australian dollar and New Zealand dollar. The…
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Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame
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US CPI, retail sales and New York manufacturing data combined with the CPI falling 0.3%, retail sales showed no gains during the month and New York manufacturing had a weaker day. All of this gave the green light to risky assets as yields fell, stocks rose and the US dollar…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Forexlive Americas FX news wrap: PPI offers up a headfake
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US Producer Price Index for April +2.2% y/y vs. +2.2% expected Powell: The labor market is as tight as it was before the pandemic in 2019 US credit card balances rose 13.1% year over year in the first quarter Winch from the European Central Bank: Higher interest rates for a…