Daily
Daily financial market analysis with numbers and trends of major stock, bond, currency, commodity and cryptocurrency indices
Volatile Financial Conditions as Yields, Debt Debate Temper Risk-On Sentiment
Financial market conditions remain volatile. The attempt at a risk-on recovery has encountered new obstacles amid renewed tensions in the Middle East and growing debate over the sustainability of France’s public debt. The latter has fueled—despite the lack of any [+]
Risk-On Momentum Builds as Global Bonds Search for a Bottom
Attempts to strengthen the risk-on tone across financial markets continue, with US equities edging back toward record highs, driven by the technology and semiconductor sectors. On the other hand, global fixed income continues to test a potential bottoming area. Investors [+]
Markets Stay Neutral-to-Moderately Positive as Equities-Yields Dynamic Holds Firm
Financial markets continue to grapple with two deeply divergent narratives across equities and fixed income. Sentiment remains between neutral and moderately positive, with equities still in neutral territory according to our scores, although elements of risk-on behavior are emerging from [+]
Financial Markets Remain Neutral as Week Begins; Focus Shifts to Oil Supply and Geopolitical Risks
Financial markets are starting another week that looks set to be dominated by the “usual” hot topics, with fewer macroeconomic data releases: oil (following the latest G7 moves and with supply seemingly stabilizing), inflation and yields (with US macro data [+]
Markets Brace for Key Macro Data: Eurozone Inflation, US Jobs in Focus; Sentiment Neutral
The week draws to a close with important macroeconomic data releases, providing financial markets with another opportunity to assess the growth outlook and the prospects for monetary policy. On the one hand, there is inflation in the Eurozone and its [+]
Markets Enter Final Quarter in Neutral Territory as Mixed Data, Oil Hopes and AI Shape Equity Outlook
Financial markets are leaving behind a rather gloomy September and welcoming the final quarter of the year with mixed signals, fueling the ongoing dual narrative across equities and bonds. Yesterday’s US macroeconomic data provided reassurance on both inflation and the [+]
Markets Brace for Inflation Data, Micron Results and AI Focus
Financial markets are gearing up for a data-heavy macroeconomic session, while geopolitical uncertainties remain in the background and pressure on yields is beginning to show up in sovereign debt spreads as well (the BTP-Bund spread has moved back above 100 [+]
Bond-Yield Pressure Persists as Dollar Rises and Gold Falters; Markets Await Key Macro Data
The narrative across financial markets remains unchanged. Inflationary pressures, and other factors, continue to push bond yields higher and raise interest-rate expectations. The dollar rises to a Health Score of 68, its highest level in a year, while gold remains [+]
Financial Markets Hold in Neutral Territory Ahead of Micron Earnings and US Jobs Data
The week in the financial markets begins with sentiment still broadly in neutral territory. On the one hand, pressure on bond yields, also driven by renewed expectations of higher interest rates; on the other, equities continue to hold up thanks [+]
Bond Yields Keep Markets on Edge as Stocks Lean on Tech and Hopes for US-Iran Talks; Sentiment Remains Neutral
The period of tension in bond yields continues. Yesterday’s surge briefly pushed the yield on the U.S. 10-year Treasury close to 5.14%, a level not seen since 2007. But it is the entire fixed-income market that is sending signals of [+]
Bonds Slide Again as Markets Hold Neutral Sentiment Ahead of Trump-Xi Meeting
Market sentiment remains in neutral territory, with signs of risk-on positioning in equities offset by renewed tensions in bond yields. Better-than-expected PMI surveys are fueling expectations of higher interest rates, weighing not only on global fixed income but also on [+]
PMI Surveys, Trump-Xi Meeting Among Today’s Key Market Movers
For financial markets, yesterday’s session was a period of consolidation following a strong Monday. The technology sector remains under the spotlight, as does oil. For both, the key word is meeting: the meeting between Trump and Xi, which begins today, [+]
Oil and Tech Stocks Drive Markets Higher as Week Gets Underway
Overall sentiment across financial markets remains in neutral territory, and the strong start to the week on the equity front has done little to dispel the many uncertainties that are still present. In the absence of major macroeconomic data releases, [+]
Markets Absorb Fed Hike, Weigh Duration of New Tightening Cycle; BoE in Focus Today
In the end, the Fed raised interest rates in line with financial market expectations. The rate hike had already been fully priced in, but it came against a backdrop of persistent inflation and the likely need for further action by [+]
Fed Rate Hike Could Offer Stocks a Measure of Relief
Today is Fed decision day, with markets now pricing in as a near certainty (more than 80% probability) the first rate hike of the Warsh era. Comments from White House economic adviser Kevin Hassett appear to have somehow given the [+]
Rate-Hike Bets Boost Dollar, Pressure Gold as Bank Earnings Risk Emerges After AI Selloff
Two hot fronts are currently developing across financial markets, while a third one may be emerging. Expectations of higher interest rates (with the Fed tomorrow, followed by the BoE and BoJ in the days ahead) are giving the US dollar [+]
Markets Brace for Central Bank Week as Inflation, Yields and AI Drive the Agenda
The week ahead is a crucial one for three of the world’s major central banks. The BoJ, Fed and BoE are all set to decide on interest rates, with the probability of a rate hike relatively high, at least in [+]
Inflation, Oil and Bond Yields Hit Debt Markets, Threaten Stocks Ahead of US CPI
Financial markets are heading toward the end of the week with bond yields, oil prices, and inflation heavily influencing sentiment. Following the ECB’s decision—which leaves the door open to further action—and the release of US producer price data, expectations are [+]
Markets Focus on U.S. Bonds and ECB Decision as Sentiment Stays Neutral
The bond market remains the main protagonist of the current phase in financial markets. The U.S. Treasury’s move to triple the volume of long-term securities buybacks has so far failed to have any impact on yields, while on the other [+]
Markets End the Week in Risk-On Mode, but Inflation and Tech Uncertainty Linger
The week in the financial markets closes with sentiment strengthening, although it remains “only” moderately positive. The latest U.S. macroeconomic data (inflation and PPI) have further reduced the likelihood of a Fed rate hike in September. This, combined with a [+]