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We’re coming out of a quiet holiday Monday that had Japan, the US and Canada in holiday mode. There hasn’t been a whole lot of change in market levels since last Friday’s close, though what little we have seen, has been more risk off. read report
Global equities were bought back up in the previous week, helped along by the more upbeat outlook on the global trade front. And this wasn’t the only place markets were feeling better. Monday's calendar is exceptionally thin. US and Canada desks will be light on account of holidays in the respective countries. read report
It’s been a week of optimism in markets. The outlook on the global trade front has been improved, with US-China updates sounding a lot more deal friendly, while over on the Brexit front, talk of a possible pathway towards a deal before the end of the month, has been a major relief. read report
Overall, price action has been subdued, with global markets coming out of a very quiet Wednesday session of trade. What little updates we have seen have been risk positive, as headlines come through of China still being open to a partial trade deal with the US, and US sources confirming talks are ongoing. read report
There are three major themes influencing markets at the moment, which include global trade, Fed policy expectations and the Brexit outlook. Updates on these fronts will be what shape the direction we take over the coming days, weeks and months. read report
Investors felt good about last Friday’s US jobs report data, expecting it would increase the probability the Fed would be more inclined to be cutting rates going forward. Stocks rebounded as a result, on that same free money, lower for longer mentality that has been supporting stocks for a decade. read report
We come into Friday with investors looking to regain appetite for risk, following a week of intense selling in US stocks. The major market drivers this week have been the deterioration in US economic data and ongoing efforts from the US administration to pursue its protectionist, soft Dollar trade policy. read report
A lot of worry in global markets this week, with investors heading for the exit doors on the back of softer US economic data and ongoing efforts on behalf of the US administration to ramp up protectionist trade policy. On Wednesday, the US announced it would be imposing a fresh round of tariffs on EU goods. read report
The US Dollar took a bit of a shot on Tuesday, after initially rallying to fresh multi-month highs against many currencies. This included Dollar highs against the Euro, Aussie and Kiwi, before a discouraging round of US economic data encouraged profit taking on the long US Dollar exposure. read report
As we head towards the weekly close, we stare at a market that has been mostly choppy and directionless. The Euro is a standout underperformer this week, with the single currency getting more attention on account of its slide to the lowest levels against the Buck since May 2017. read report
