IN THE OVERNIGHT 31 JAN
Markets broadly down Overnight data/news China’s property sector turmoil to weigh on future growth China Top 100 Developers See Jan Sales -32.5% Year on Year: CRIC US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Gold slips ahead of Fed, but on pace for third monthly gain Copper prices ease with Fed meeting, China rebound in focus […]
IN THE OVERNIGHT 30 JAN
China markets reopen after the holiday Overnight Data/News US DATA TODAY OVERNIGHT COMMODITIES HEADLINES Metals While Dr Copper waits for China, China buys more copper: Andy Home China’s refined copper imports in 2022 were the second higheston record 8.7% Seasonal new year copper stock build in China looks muted Gold ticks up as dollar slips ahead […]
WEEKEND PREP 29 JAN
2023 is off to a strong start, helped by another gain last week. Stocks are up roughly 6% so far this year. Equities rose again last week, the third weekly gain in the last four, guided by a slew of corporate earnings announcements and fresh economic readings. So what does this mean for the year ahead? Let […]
IN THE OVERNIGHT 25 JAN
Mixed Markets Overnight data/headlines Canada BOC rate decision today The Bank of Canada is expected to hike a further 25 bps to 4.50%, though markets are only pricing an 80% probability, and with all eyes on whether it signals a pause, given that it was already quite conditional about hiking today at its previous meeting […]
IN THE OVERNIGHT 24 JAN
Mixed overnight Overnight Data US DATA TODAY COMMODITY HEADLINES OVERNIGHT Metals Indian gold prices hit record high, curtail demand -dealers Gold edges higher as dollar weakens; traders await U.S. data Energy India’s crude imports hit 5-month high in December on cheapRussian supply Commodities set to outperform other asset classes again in 2023, says Goldman Freeport […]
IN THE OVERNIGHT 23 JAN
Chinese Lunar New Year Holiday Very Quiet Overnight BoJ Minutes Japan US DATA TODAY (none basically) COMMODITY HEADLINES OVERNIGHT Metals Gold edges up on softer dollar, Fed slowdown hopes Copper firms on China demand hopes; Lunar New Year break curbs trading Glencore copper mine in Peru suspends operations after another attack Energy US natgas futures […]
WEEKEND PREP 22 JANUARY 2022
After a positive start to the year in markets – in part driven by a better inflation narrative in the U.S. and globally – this past week investor sentiment seemed more mixed. Equity markets turned negative midweek after economic data pointed to a weaker manufacturing sector and U.S. consumer. In addition, the overhang from the […]
IN THE OVERNIGHT 20 JAN
TOP STORIES Japan: Consumer inflation hits fresh 41-yr high, Dec National CPI 4.0% y/y China: China says COVID has peaked as holiday rush gets into full swing Germany: Dec PPI -0.4% m/m 21.6% y/y vs. expected -1.2%/20.7% UK: UK Retail Sales & GfK Consumer Confidence misses serves as a timely reminder that UK economic headwinds […]
IN THE OVERNIGHT 19 JAN.
Overall pretty quiet, no major market movers…everyone waiting on ECB minutes “The December ECB minutes will be scrutinized for some clues about the size of hikes in February and March, as will the numerous number of ECB speakers at the Davos WEF. Of particular note within the minutes will be what persuaded the hawks to […]
IN THE OVERNIGHT
Japan: Largest Market Mover-BOJ Policy Meeting The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. The surprise decision sent the yen skidding against othercurrencies and bond yields tumbling […]