Closing changes for the main US equity markets:
On the week:
On the week:
Schlagwort-Archiv: GBP
US 2-year yields rise above 0.40% for the first time since the pandemic
Bonds continue to price in hikes
The bond market is having a rethink on inflation and interest rates today. US 2-year yields are up 4.5 basis points today to 0.40%. It’s the highest since the start of the pandemic as the front end of the curve looks to make a move.
The bond market is having a rethink on inflation and interest rates today. US 2-year yields are up 4.5 basis points today to 0.40%. It’s the highest since the start of the pandemic as the front end of the curve looks to make a move.
WTI crude oil settles at $82.88 in new cycle high to cap eighth-straight week of gains
WTI crude oil up 97-cents to $82.28
What a run it’s been for the crude oil bulls in basically a straight line to $82 from $62 on August 23.
This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there’s moderate backwardation through the contract table,
What a run it’s been for the crude oil bulls in basically a straight line to $82 from $62 on August 23.
This is the eighth straight week of gains in crude and the highest close since 2014. Today is contract expiration and there’s moderate backwardation through the contract table,
ForexLive European FX news wrap: Yen pairs continue to surge higher
Forex news from the European trading session – 15 October 2021
Headlines:
Markets:
– GBP leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%
Headlines:
Markets:
– GBP leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%
PBOC says that inflation risks are controllable
Remarks by the Chinese central bank
Well, at least they’re not using the T-word but it is rather implied. In any case, with the shift to ‚common prosperity‘ focus and the power crunch hitting, China is likely to maintain more easy policy in order to support the economic recovery from the pandemic still.
Well, at least they’re not using the T-word but it is rather implied. In any case, with the shift to ‚common prosperity‘ focus and the power crunch hitting, China is likely to maintain more easy policy in order to support the economic recovery from the pandemic still.
SPD, Greens, FDP leaders said to be in agreement to recommend starting formal coalition talks
„Traffic light“ coalition impending for Germany
Reuters reports with the above headline, citing sources familiar with the matter. This was the expected outcome after the election but it is taking a while to sort out. Some context on what this could mean for euro area assets .
Reuters reports with the above headline, citing sources familiar with the matter. This was the expected outcome after the election but it is taking a while to sort out. Some context on what this could mean for euro area assets .
Tokyo Stock Exchange reportedly to extend trading by 30 minutes starting in 2024
Nikkei reports on the matter
This was also rumoured back in September already but I reckon we’re nearing an official announcement in the days ahead, so there is a rerun via local media.
This was also rumoured back in September already but I reckon we’re nearing an official announcement in the days ahead, so there is a rerun via local media.
PBOC says that Evergrande risks to the financial system are controllable
PBOC reaffirms that Evergrande isn’t going to pose a major threat to the Chinese financial system
They are also urging developers and shareholders to fulfil debt obligations and have asked banks to keep stable, orderly loans to the real estate sector.
They are also urging developers and shareholders to fulfil debt obligations and have asked banks to keep stable, orderly loans to the real estate sector.
ForexLive European FX news wrap: Dollar subdued, equities firm as yields soften
Forex news from the European trading session – 14 October 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.8%
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.8%
ECB’s Rehn: Medium-term inflation expectations are in line with ECB strategy
Remarks by ECB policymaker, Olli Rehn
here
It’s a bit of a mixed message considering that the broader stance is that inflation is more subdued and is some ways off reaching 2% in the medium-term considering that the recent surge is all supposed to be temporary.
here
It’s a bit of a mixed message considering that the broader stance is that inflation is more subdued and is some ways off reaching 2% in the medium-term considering that the recent surge is all supposed to be temporary.