IN THE OVERNIGHT 15 NOVEMBER
Sea of GREEN TOP STORIES OVERNIGHT Euro Area to Avoid Recession as Inflation Retreats, EU Says-BBG The euro area and its biggest economies will avoid a recession as growth returns at the end of the year, helped by slowing inflation and a robust jobs market, according to new European Union forecasts. Output in the 20-nation […]
IN THE OVERNIGHT 14 NOVEMBER
CPI DAY!! 8:30 AM ET Mixed Markets TOP STORIES OVERNIGHT China Mulls $137 Billion of New Funds to Aid Housing Market-BBG China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s urban village renovation and affordable housing programs in its latest effort to shore up the struggling property […]
WEEKEND PREP 12 NOVEMBER
Very little data last week (that said check my post on USD at the end about the surprise Moody’s downgrade of the US after the bell on Friday) Let us dive into the health of the US consumer, which I have been asking our Wednesday Spaces guests about all month CONSUMER HEALTH Last week @unusual_whales […]
IN THE OVERNIGHT 10 NOVEMBER
Pretty RED out there Stocks Retreat on Powell Interest Rate Warning-BBG Global equities retreated after Federal Reserve Chair Jerome Powell’s warning that interest rates may have to climb further. The Stoxx 600 shed 0.6%, undermined also by a set of poor corporate announcements. Shares in Diageo Plc fell more than 8% on a surprise outlook cut from the drinks maker, while Richemont sank as […]
IN THE OVERNIGHT 9 NOVEMBER
Pretty GREEN out there TOP STORIES OVERNIGHT Markets Price an End to Interest-Rate Hikes Across the World-BBG Rates traders are betting that the steepest global tightening cycle in a generation is over and that monetary easing will begin from mid-2024. Swaps signal the average cash rate for developed economies will be steady over the coming six […]
IN THE OVERNIGHT 8 NOVEMBER
Powell speaks 9:15AM ET No EIA crude inventories today, scheduled maintenance TOP STORIES OVERNIGHT Stocks Slip Before Powell Speech-BBG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. Europe’s Stoxx 600 fell 0.1% and US equity futures traded little […]
IN THE OVERNIGHT 7 NOVEMBER
Asia Mixed…Europe RED TOP STORIES OVERNIGHT Oil prices at 2-1/2 month lows as China data offset supply cuts-Reuters Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. While China’s crude oil imports in October showed robust growth both year on year […]
WEEKEND PREP 5 NOVEMBER
There were 3 KEY data events that turned this market around last week Let us take a look at what they were: The first, and VERY under the radar, was the BULLISH US Treasury refunding announcement on Monday This marked the low on the week, and hardly anyone was talking about it…except a few Yellen […]
IN THE OVERNIGHT 3 NOVEMBER
HAPPY NFP DAY! Asia GREEN ..Europe Mixed TOP STORIES OVERNIGHT US October Jobs Report to Mark End of Blowout Payroll Gains-BBG The monthly US jobs report is set to show that the blowout gain in September was only temporary, according to Bloomberg Economics. Employers likely added 157,000 workers to payrolls last month, less than half the pace […]
IN THE OVERNIGHT 2 NOVEMBER
Pretty GREEN out there TOP STORIES OVERNIGHT Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets-BBG Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting. “The question […]