by Warren Head | Nov 24, 2023 | Currency, Economy, Money Market
Markets are quiet, with the US on holiday but European bond yields have pushed higher, with slightly better than expected PMIs, a backdrop of hawkish ECB commentary and Germany suspending its debt limit all in the mix, notes BNZ Markets this morning. Currency...
by Warren Head | Nov 23, 2023 | Currency, Economy, Global Share Markets, Money Market
23.11.23 US jobless claims and inflation expectations data weren’t market-friendly, sending US Treasury yields higher, reversing earlier declines, while providing broad support for the USD, says BNZ Markets this morning. “Thus, the NZD hasn’t managed to hold onto its...
by Warren Head | Nov 22, 2023 | Currency, Economy, Global Share Markets, Money Market
]22.11.23 Overnight trading conditions have been uneventful, but the NZD has managed to hold on to most of the gains seen during local trading hours from the tailwind of stronger Asian currencies, notes BNZ Markets this morning The US 10-year rate has consolidated...
by Warren Head | Nov 21, 2023 | Commodities, Currency, Economy, Global Share Markets, Money Market
The US dollar has extended its recent decline. “It has been under pressure amid softer than expected inflation and activity data which has reinforced investors' expectations that the Fed tightening cycle is complete.” Notes Stuart Riston at BNZ Market. The dollar...
by Warren Head | Nov 20, 2023 | Currency, Economy, Global Share Markets, Money Market
US equities made modest gains on Friday in the absence of first-tier economic data or other market drivers, NOTES bnz mARKETS THIS MORNING The S&P ended up 0.1%, and consolidated above 4,500, having advanced close to 2% during the week. US investment grade credit...
by Warren Head | Nov 17, 2023 | Currency, Economy, Money Market
A risk-off vibe has been overhanging the market, with commodity currencies underperforming over the past 24 hours, albeit with no fresh damage done to the NZD and AUD overnight, notes BNZ Markets this morning. US Treasury yields are lower, with the market supported by...
