It’s probably too early to conclude if Australian inflation has peaked but it’s encouraging that the CPI y/y (7.4%, 8.1% forecast, 8.4% previous) came in well below expectations. The level…

Friday’s higher-than-expected PCE reading was poison to the bulls. Bids were pulled and ignored resulting in another leg down in equities. Equities have been under pressure recently as strong data…

Even though GDP growth disappointed equities yesterday steadied and bonds moved higher from support and yields came down a bit. DAX rallied strongly while DJ and NAS created another narrow…

Equities reacted to the latest minutes relatively well. The decline in DJ stopped and NAS and DAX traded higher. This was a reaction to most Fed officials preferring a slower…

DJ and NAS saw the biggest declines in 2023 in yesterday’s session Disappointing earnings forecast from Home Depot (HD) and fears that the Fed will keep interest rates at elevated…

Equities and the major dollar rivals have been trading lower after the US holiday. Both German and French services PMIs came in much stronger than their manufacturing counterparts. As a…

As the US bank holiday means the markets are likely to be quiet today I will focus on the big news item that hit the wires over the weekend: China…

Risky assets sold off as the strong employment, retail sales and inflation data indicate the Fed might stay hawkish for longer. This has pushed the expectations for the first rate…