by Warren Head | May 10, 2022 | Currency, Economy, Global Share Markets, Latest News, Money Market
Global equities and industrial commodities continue to tumble on rising global growth concerns, with heavy losses seen across all the major equity indices overnight, notes BNZ Markets this morning “The CNY has continued its recent sharp downtrend while the NZD and AUD...
by Warren Head | May 6, 2022 | Daily Market Report Australia, Global Share Markets
6.5.22 The Australian sharemarket experienced its largest decline in two and a half months, with the S&P/ASX 200 sliding by 2.2 per cent or 159 pts, to 7206, comments CommSec. Today’s weakness was driven by a sharp selloff overnight in the US, which reflected...
by Warren Head | May 6, 2022 | Global Share Markets
A sharp rise in US interest rates following a reassessment of the US Federal Reserve’s stance on the magnitude of further rate hikes has torpedoed gains on Wall Street¸ in a massive market reversal. In first reaction to yesterday’s Fed rates hike of 50 basis points...
by Warren Head | May 4, 2022 | Currency, Economy, Global Share Markets, Money Market
4.5.22 US equity markets remain choppy and currently show a modest gain, following a strong late rally yesterday. The US 10-year rate has pushed slightly lower after returning to the 3% mark. The AUD has been the best major since this time yesterday, although the net...
by Warren Head | May 2, 2022 | Currency, Global Share Markets, Money Market
2.5.22 Global rates moved sharply higher again on Friday, following upside surprises to US wage data and European core inflation. The Fed is almost universally expected to raise its cash rate by 50bps this week, but the market has moved to price an almost 50% chance...
by Warren Head | Apr 14, 2022 | Currency, Economy, Global Share Markets, Money Market
14.4.22 Global rates have shown further signs of stabilising overnight on hopes that inflation may be close to peaking, notes BNZ Markets. The US 10-year Treasury rate has fallen to around 2.68%, helping to boost equity markets and driving a fall in the USD, says Nick...
