IN THE OVERNIGHT 14 FEB
US CPI DAY!! Mixed Markets Overnight Overnight News/Data Japan Weak Q4 GDP rebound poses challenge for BOJ’s exit pathDrop in capex, inventory behind weaker-than- expected rebound – Q4 prov. GDP SAAR 0.6% vs. expected 2.0% – Q4 GDP 0.2% q/q vs. expected 0.5% – […]
WEEKEND PREP 12 FEBRUARY
Although markets ended lower this week, the pervasive question seems to be “Can the market rally continue?” Let us take a look at what banks are saying and some data. Goldman Sachs Beyond curve inversion in interest rate and credit markets, and rating divergence within US high-yield credit, we think most financial assets reflect limited […]
IN THE OVERNIGHT 10 FEB
Sea of RED Overnight News/Data Jan PPI flat m/m 9.5% y/y vs. expected 0.3%/9.7% US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Copper slips on demand concerns; Shanghai nickel jumps Energy **Russia said it plans to cut March production by 500,000 barrels a day TC Energy says stress, weld fault caused Keystone oil spill Aramco to […]
IN THE OVERNIGHT 9 FEB
Strong Markets Overnight Overnight News/Data US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Peru mines power on despite protests, though shutdown risk looms Fortescue Metals preparing to cut up to 1,000 jobs – The Australian Anglo American to buy 9.9% stake in Canada Nickel Gold outlook weak as markets assess Fed policymakers’ comments Copper prices rebound […]
IN THE OVERNIGHT 8 FEB
Mixed Markets Overnight News/Data Shoppers to face fresh price hikes as stores, suppliers pass on costs US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Copper climbs on Powell comments; supply headwinds help Energy US natgas output to hit record high in 2023, demand to fall US natgas futures jump 5% with output slow to return, profit taking […]
IN THE OVERNIGHT 7 FEB
*JEROME POWELL SPEAKS TODAY* 12:40 PM ET Mixed Markets Overnight Data/News UK house prices stabilise after four-month fall, Halifax says Dec real wages rebound on one-off bonuses, household spending falls Dec Labor Cash Earnings 4.8% y/y vs. expected 2.5%, largest gain since January 1997 Dec Real Cash Earnings 0.1% y/y vs. expected -1.5% […]
WEEKEND PREP 5 FEBRUARY
Big week last week!! OPEC + Holds steady OPEC + met on February 1 and decided to hold policy steady. This was one of the least surprising events of last week. JMMC reaffirmed its commitment to the DoC which extends to the end of 2023 as agreed in the 33rd OPEC and non-OPEC Ministerial Meeting […]
IN THE OVERNIGHT 3 FEB
Mixed Markets Overnight News/Data US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Copper set for weekly decline on slow China demand, firm dollar Colombia’s mining royalties hit record $1.32 bln in 2022 -industry group Energy US natgas eases to 21-month low with warmer weather coming next week China boosts imports of fuel oil blended from Russian […]
IN THE OVERNIGHT 2 FEB
Mixed Markets overnight Overnight news/data **ECB rate decision up at 8:15 AM ET (50 bps expected)** US DATA TODAY OVERNIGHT COMMODITY HEADLINES Metals Gold hits more than 9-month high after Powell strikes dovish tone London copper rebounds as dollar plunges Peru’s Las Bambas mine set to halt production as blockades remain, source says Brazil readies […]
IN THE OVERNIGHT 1 FEB
Mixed markets overnight -strong comeback in China Overnight data/news UK set for biggest strike action for years as teachers, civil servants walkout Up to 500,000 people expected to join UK strikes Recession looms after -0.4% fall in Q4 2022 GDP BOJ buys record $182 billion worth of bonds in Jan US […]