IN THE OVERNIGHT 18 OCTOBER
Israel-Hamas headlines dominating markets overnight Pretty RED out there TOP STORIES OVERNIGHT Oil Jumps as Iran Steps Up Rhetoric Against Israel-BBG Oil surged as Iran called for an embargo against Israel by Muslim countries, following a deadly explosion at a Gaza hospital that raised the risk of a further escalation of hostilities in the Middle East. […]
IN THE OVERNIGHT 17 OCTOBER
Mixed Markets TOP STORIES OVERNIGHT German Investor Confidence Improves as Interest Rates Hit Peak-BBG German investor confidence improved for a third month — signaling hope that an end to more than a year of interest-rate increases can help Europe’s biggest economy overcome its current weakness. The ZEW institute’s gauge of expectations rose to -1.1 in October from […]
WEEKEND PREP 15 OCTOBER
Geopolitical Risk Governs the Markets Like many of the past geopolitical crises, the attacks in Israel triggered an initial flight-to-safety move in the markets, with government bonds, the U.S. dollar, gold, oil rallying rallying last week Via Edward Jones: Rates remain in the driver’s seat An unusual first year off of an equity bear-market low Last […]
IN THE OVERNIGHT 13 OCTOBER
Q3 Earnings Kick Off With Banks Today (see post below) SEA OF RED TOP STORIES OVERNIGHT US imposes first sanctions under Russian price cap on tanker owners-Reuters The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil priced above the G7’s price cap of $60 a barrel, one in Turkey […]
IN THE OVERNIGHT 12 OCTOBER
HAPPY CPI DAY! Sea of GREEN TOP STORIES OVERNIGHT CPI Forecasts Wall Street forecasters expect the September CPI to show the headline index rose 0.3% from August, lowering the 12-month rate to 3.6% from 3.7% They see core CPI up 0.3%, lowering the 12-month rate to 4.1% from 4.3 Accelerating US Core Inflation Set to […]
IN THE OVERNIGHT 11 OCTOBER
Markets GREEN TOP STORIES OVERNIGHT European Gas Pauses Rally As Traders Monitor Australia LNG Talks-BBG Europe’s rally in natural gas futures took a breather, with traders awaiting clarity on talks between Chevron Corp. and its liquefied natural gas workers in Australia. Benchmark futures fluctuated Wednesday after surging 37% in the previous three sessions. The Dutch contract […]
IN THE OVERNIGHT 10 OCTOBER
Mostly GREEN TOP STORIES OVERNIGHT China Mulls New Stimulus, Higher Deficit to Meet Growth Goal-BBG China is considering raising its budget deficit for 2023 as the government prepares to unleash a new round of stimulus to help the economy meet the official growth target, according to people familiar with the matter. Policymakers are weighing the issuance of at least […]
WEEKEND PREP 8 OCTOBER
ISRAEL DELARES WAR (Please note: I am keeping this post objective in analyzing markets only) What does this mean for markets and commodities? Here is a roundup of responses from investors, economists, traders and market strategists to the weekend’s news via Bloomberg: Gonzalo Lardies, senior equities fund manager at Andbank “This will add more uncertainty to […]
IN THE OVERNIGHT 6 OCTOBER
Pretty GREEN out there TOP STORIES OVERNIGHT September Jobs Report May Be Last Good One Before Sharp Slowdown-BBG A monthly US jobs report due Friday may be the last to show solid hiring before a sharp slowdown, according to Bloomberg Economics. The report will probably show employers added 173,000 workers to payrolls in September, though figures […]
IN THE OVERNIGHT 5 OCTOBER
Mixed Markets TOP STORIES OVERNIGHT Only an Equities Crash Can Rescue the Bond Market, Barclays Says-BBG Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. “There is no magic level of yields that, when reached, will automatically draw in enough buyers […]