By Craig Erlam I think we all earned a weekend break in the sun after a quite extraordinary week in the markets that saw plenty of central bank action, even from those
By Jeffrey Halley The post-FOMC rally ran equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as
By Craig Erlam Stock markets endured another negative day on Wednesday in Europe as investors await Thursday’s hotly-anticipated ECB meeting. Much like the other two days this week, it’s hard to read
By Jeffrey Halley With a dearth of heavyweight data this week until Friday’s US CPI, we are likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news
By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.
By Edward Moya Robust hiring in the U.S. in May pretty much guarantees the Federal Reserve will move forward with a couple of half-point rate hikes at the next two meetings. US
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the U.S. Memorial Day holiday.
By Jeffrey Halley Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the
