The day’s moves show the risk premium is being driven more by threats to infrastructure and shipping than by actual supply losses. Gulf export volumes are recovering, yet prices rose anyway. WTI…
A December dated call from a major bank gives traders something concrete to price, so expect merger speculation to feed directly into Tesla and SpaceX shares. How the two stocks react relative…
US stocks closed lower Wednesday, with AI and semiconductor shares taking a particularly hard hit. The Nasdaq Composite recorded its worst day since July 23, while the Nasdaq 100 and S&P 500…
With NAB, Westpac and consensus all at 20,000 and three major banks seeing unemployment at 4.6%, the bar for a surprise sits mainly in the jobless rate. A drop to 4.5% would…
The data focus is the labour marekt report for September in Australia. I’ll have more to come on this separately, but for now, an earlier preview: Thursday’s jobs data is tipped to…
US September CPI 3.7% vs 3.6% expected Canada August building permits rise 8.8% vs 2.0% expected Fed’s Beige Book: Nine of 12 districts report growth as price pressures broaden Fed’s Goolsbee: CPI…
CPI data was ‘discouraging’ Service inflation in CPI was a concern Key to focus on trend of inflation, not one report Hearing about cost and prices from contacts, not hearing about worries…
Gold buyers had their shot. Monday’s rebound stalled ahead of the familiar swing level near $4,226.81, and today the price has moved back below both its 100-hour and 200-hour moving averages. The…
Two districts reported moderate growth, three modest, four slight and three no change. In August, 10 grew and two were unchanged. Most districts reported little or no change in consumer spending. Employment…
It’s getting increasingly ugly in the stock market. The S&P 500 is at the lows of the day, down 98 points to 7706. The 1.3% decline is the largest since late July…
US stocks are lower, Treasury yields are higher, and oil prices are higher. That risk-off backdrop is weighing on Bitcoin. But for traders, the technical levels help answer the more practical questions:…
As London/European traders exit for the day, the major European stock indices are mostly higher. The UK’s FTSE 100 leads the gains, followed by France’s CAC. Italy’s FTSE MIB bucks the trend…
