Eurostoxx -0.8% Germany DAX -0.4% France CAC 40 +0.1% UK FTSE +0.1% Spain IBEX +0.2% Italy FTSE MIB -0.5% It’s a mixed start to the day in Europe, though the broader mood is…
France September final CPI +3.1% vs +3.0% y/y prelim Prior +2.4% France September final HICP +3.4% vs +3.4% y/y prelim Prior +2.6% France September core CPI +1.5% y/y Prior +1.1% The final…
It’s been quite a messy reaction in the bond market after the hotter-than-expected US CPI report yesterday. 10-year Treasury yields briefly pushed above 5.30% on the initial reaction before falling back now…
There are a couple of key expiry levels to take note of on the day, as highlighted in bold below. The first is a rather chunky one for EUR/USD at the 1.1250…
Gold took a knock after the hotter-than-expected US CPI report, with the precious metal briefly dipping back below the $4,100 mark yesterday. The drop at the time touched a low just under…
US stocks took a hit yesterday from the hotter-than-expected September CPI report, which saw headline prices jump and core annual inflation also push up to 2.6%. Tech shares were the ones bearing…
Conway’s comments keep a late-October hike live, which should support the New Zealand dollar against currencies where rate expectations are falling, most notably the Australian dollar after Thursday’s weak jobs report. That…
RBNZ’s Conway says October rate decision completely open, OCR more likely to rise AUD lower: Australian jobs fall 39,300 in September, unemployment at five-year high of 4.7% BOJ’s Koeda says bank should…
The comments support the view that the ECB can hold its nerve on an energy-led price shock, which should limit pressure for tighter policy in the near term and leave the euro…
The report shifts the RBA debate from when the next hike comes to whether it comes at all, with a pause now looking the likelier near-term outcome. That leaves the Australian dollar…
Koeda’s message leans hawkish: by placing the neutral rate considerably above the current 1.25% policy rate and warning against excessive caution, she keeps further BOJ hikes firmly on the table. That should…
The rebound suggests markets may have overreacted to the CPI print, with the post-data selloff in Treasuries now looking stretched. For gold, the key level is less a price than a relationship:…
