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Weaker than expected US Payrolls (+154k) still-benign earnings growth (3.1%) and an unchanged 3.7% unemployment initially drove US bonds yields and the US Dollar lower Friday (while a much stronger than expected Canadian labour market report and, later, higher oil...
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It has been a sea of red for equities in Europe and the US, mainboard European stocks down around 3% and the S&P 500 down over 3% at one stage before a late rally saw the market close just 0.40% lower. US energy stocks are again being beaten up with oil prices...
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With the US Equity and Bond Markets closed for the funeral of George H.W.Bush markets have traded in a narrow range following the aggressive sell-off in equity markets on Tuesday. The Bank of Canada issued a dovish statement following its ‘’no change’’ rates decision,...
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The last hour of US stocks trading is often referred to as the ‘’hour of power’’ such is the scale of moves (both up and down) often recorded by the major US Indices. Yesterday it would be better referred to as the ‘’four hours of power’’, with a large crack appearing...
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The market has held on to early gains from the US-China trade armistice. All major equity markets have started the new week with positive returns, risk sensitive currencies are higher and gains in commodities have been led by higher oil prices. However, initial gains...
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After a good Argentinian steak and a glass of Malbec, a trade truce has been reached between Presidents Trump and Xi at the G20 meeting over the weekend (no increased in tariffs for 90 days), setting up the stage for a risk positive start to the new week. The Euro has...
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