Something of a turnaround: What does the bond market see?
There is a bounce in the war trade after the market open. It’s a tough one because it’s a long weekend and tomorrow’s non-farm payrolls report is also a tricky one (though…
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investingLive European session wrap: Oil prices surge as market sentiment sours
Headlines: Oil extends gains, risk slumps further after Trump address Crude oil surges back above $100 after Trump’s speech as traders price out optimism Dollar back in favour as Trump address dims…
US February trade balance -57.30 billion vs -61.00 billion expected
Prior -54.50 billion Exports 314.8 billion vs 302.2 billion prior Imports 372.1 billion vs 356.9 billion prior The February increase in the goods and services deficit reflected an increase in the goods…
Canada February trade balance -5.74B vs -2.25B expected
Prior was -3.65B (revised to -$4.18B) Exports 66.31B vs 62.488B prior Imports 72.05B vs 66.13B prior Canada’s merchandise trade activity increased sharply, with imports rising 8.4% and exports increasing 6.4%. There were…
US initial jobless claims 202K vs 212K estimate
The weekly initial and continuing claims shows: Initial jobless claims 202K vs 212K estimate. Prior week revised to 211K from 210K 4 week moving average of initial jobless claims 207.75K versus 210.75K…
Iran claims to have targeted US-linked steel and aluminum facilities in the Gulf region
The comments are coming from the IRGC in saying that they have targeted US-linked steel and aluminum facilities in Gulf states. Adding that these strikes are just a “warning” for now. And…
US March Challenger layoffs 60.620k vs 48.307k prior
US-based employers announced 60,602 job cuts in March, some 25% higher than what was seen in February. That being said, it is down roughly 78% from the 275,240 cuts announced during the…
OPEC+ set to weigh further oil production increase on Sunday – report
The report says that OPEC+ is likely to weigh a further increase in oil production when the bloc convenes on Sunday. That so as to position themselves to add more barrels if…
Oil extends gains, risk slumps further after Trump address
The market optimism from yesterday has been dashed after US president Trump’s address here. There was some anticipation that he would hang the “mission accomplished” banner but it wasn’t really that in…
Switzerland March CPI +0.3% vs +0.5% y/y expected
Prior +0.1% Core CPI +0.4% y/y Prior +0.4% Even with the surge in energy prices, the impact on Swiss price pressures is less profound that what we saw with the Eurozone. Even…
How is China handling the unrest in the Middle East?
We are now in the fifth week of the conflict between the United States and Iran. Although the U.S. president has repeatedly stated that victory is near and that the situation will…
Gulf countries reportedly mulls new pipelines to bypass Strait of Hormuz
The FT is reporting on this, citing officials and industry executives as saying that the Gulf states are looking to explore new pipelines to reduce their reliance on the Strait of Hormuz…