Opinion – Tuesday 30 September 2025

U.S. Indexes saw mild gains to start the week as NVIDIA gains (PT raise at Jefferies) supported in light newsflow, with Fed speak coming via Williams, Musalem, and Hammack, and US data in Pending Home Sales, which was better than expected. On the Fed footing, little...

Opinion – Monday 29 September 2025

U.S. Indexes closed the final session of the week in positive territory following strength in wake of the US PCE report for August, which saw all the major metrics print in line. Treasuries saw two-way action on PCE, while the Dollar sold off. In the FX space, the...

Opinion – Thursday 25 September 2025

U.S. Indexes closed lower, and it was largely one-way traffic from the sell-off at the open, albeit on no particular headline driver. The Dollar saw notable gains as it attempted to retrace its WTD losses, so far, which weighed on all G10 FX peers. The Australian...

Opinion – Wednesday 24 September 2025

U.S. Indexes closed lower, putting the recent rally on standby for now. The sector breakdown saw Energy outperform amid a rebound in crude prices; meanwhile, Consumer Discretionary and Technology lagged. NVIDIA (NVDA, -2.8%) pared some of Monday’s upside on the...

Opinion – Tuesday 23 September 2025

U.S. Indexes closed higher on Monday, owing a large part of the gains to a strategic partnership announced between NVIDIA and OpenAI. The deal is to see NVDA invest up to USD 100 billion in OpenAI, deploying 10GW of AI centres, first to deploy in 2026. NVDA (+3.9%)...

Opinion – Monday 22 September 2025

U.S. Indexes closed higher on Friday led by the S&P 500 hitting fresh record highs while the majority of sectors were green. Upside was led in Tech with the heavy cap stocks outperforming, leading to the NASDAQ 100 outperforming, while the Russell 2000 pared from...