All Articles Tagged - US500

Daily Market Comment – Fed’s dovish taper lifts stocks but yields stay elevated, boost dollar

Posted on November 4, 2021 at 9:56 am GMT

Fed kicks off tapering but markets calm as Powell promises to be “patient” on rates ECB also pushes back on rate hikes, but dollar wins FX race Focus is now on Bank of England as pound slips again Restart of Iran nuclear talks keeps pressure on oil ahead of OPEC decision Powell delivers smooth taper The Federal Reserve announced the long-awaited tapering of its emergency stimulus on Wednesday, confirming plans to reduce its asset purchases by $15 billion a month, [..]

Daily Market Comment – Investors hold their nerve as policy tightening looms

Posted on November 1, 2021 at 9:48 am GMT

Equities shrug off weak China PMI data on hopes of more fiscal stimulus in US and Japan Dollar attempts to extend gains as investors zero in on liftoff timing Aussie and pound slip ahead of RBA and BoE meetings Positive start to month as markets look past China jitters Global equities have started November mostly in positive territory, buoyed by fresh all-time highs by Wall Street’s leading indices on Friday. Optimism seems to be the name of the game as [..]

US Open Note – Bank of Canada takes center stage; dollar loses momentum

Posted on October 27, 2021 at 1:11 pm GMT

BoC rate decision coming up The Bank of Canada’s interest rate decision is the main event of the day. Policymakers are predicted to leave rates unchanged at 0.25%. Economic growth has fired up, inflation is hot, businesses are feeling optimistic, the housing market is booming, and oil prices continue to climb. Macroeconomic projections that will be updated may provide some hints. The CPI for September came in at 4.4% year on year, more than double the target of 2% and significantly higher than the intended range of 1-3%. Retail sales and employment data [..]

US Open Note – Calm day ahead of busy week; oil around $85

Posted on October 25, 2021 at 1:00 pm GMT

US futures near new highs; Facebook releases its earnings Today’s economic calendar is light, but the rest of the week promises to be very interesting, with central bank meetings in the Eurozone, Canada, and Japan, as well as earnings reports from the technology industry’s heavy hitters. Facebook will launch the earnings campaign immediately following Wall Street’s closing bell. It is somewhat bizarre to watch US futures trading marginally lower from their all-time highs, even as inflation predictions continue to rise. If the tech sector earnings approve, the [..]

Daily Market Comment – Muted jubilation as Evergrande makes debt payment

Posted on October 22, 2021 at 9:14 am GMT

Relief as Evergrande averts default but China’s property woes not over Stocks mostly up but gains are modest as tech weighs Dollar hovers in recent range, eyes Powell speech for direction Commodity dollars bounce back, flash PMIs support euro and pound Evergrande interest payment calms nerves, slightly Embattled property giant, Evergrande, has reportedly paid its overdue interest on dollar-denominated bonds amounting to $83.5 million following weeks of speculation about its finances. Markets were taken by surprise from the news as [..]

Daily Market Comment – Evergrande jitters return, yen climbs, dollar steady

Posted on October 21, 2021 at 9:10 am GMT

Evergrande shares plunge after sale of unit falls through, mood sours in equities Treasury yields ease back as Fed dampens early rate hike talk Yen bounces back, dollar edges up but commodity currencies take a tumble Stocks under pressure as Evergrande default risks grow Equity markets were feeling the strain of a fresh panic about China’s heavily indebted property sector after troubled real estate giant – Evergrande – told investors that the sale of its property services unit for $2.6 [..]

Daily Market Comment – Dollar steadies as yields climb, Wall Street edges closer to record highs

Posted on October 20, 2021 at 8:46 am GMT

Dollar off lows as 10-year yield hits 5-month high but Fed rate hike still seen lagging others Yields likely to stay in spotlight as raft of Fed speakers coming up Strong earnings drive S&P 500 to fifth day of gains, but futures slip Rate repricing underway Expectations that high inflation is here to stay continued to firm in the bond markets, sending global bond yields to fresh highs in the last 24 hours. With energy and metal prices still soaring, [..]

US Open Note – Stocks buoyant, dollar slips and gold improves

Posted on October 19, 2021 at 1:55 pm GMT

Sentiment upbeat as US yields retreat; FOMC speakers to draw focus The recent climb in US stocks appears supported by gains in the technology and communication service sectors. Moreover, expectations of strong earnings and the stabilization in longer-term yields, after a drop, are not aiding the greenback. Despite the pickup in sentiment, inflationary concerns and the energy crisis seem to be risks that may drag on for a while longer. The dollar index surrendered ground from the 94.00 mark down [..]

Daily Market Comment – Dollar slumps, stocks advance amid earnings optimism

Posted on October 19, 2021 at 9:08 am GMT

US tech rebound leads global stocks higher as earnings season about to heat up Dollar plunges as mood improves and Fed seen falling behind in the tightening race Riskier currencies power ahead as US yields fall back Focus on earnings as jitters subside Worries about soaring inflation, supply-chain chaos and slowing growth in China were put on the back burner on Tuesday as investors turned their attention on the Q3 earnings season that kicked off last week with a bang. [..]

Daily Market Comment – Inflation and growth worries take heat off stocks rebound, dollar firms

Posted on October 18, 2021 at 8:58 am GMT

China GDP misses estimates, New Zealand CPI surges, reviving stagflation fears Stocks back in the red as doubts resurface but hopes on earnings keep optimism alive Bond yields edge up again as oil keeps climbing Kiwi erases earlier gains from rate hike bets as dollar bulls regain control China growth disappoints, dents risk appetite Economic growth in the world’s second largest economy slowed more than expected in the third quarter as China reported that GDP rose by 4.9% from a [..]

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