Westpac Bank
Finance AM
This is your daily morning briefing. With commentary and analysis from Westpac's Institutional Research team, Finance AM brings you insights on today's business news, the markets, FX and more. In one short bulletin, you'll get the heads up on what will drive markets in the day ahead. Any information provided in this podcast series is general in nature and has been prepared without taking into account any personal circumstances.
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Episodes
090224 08.02.2024 3:44
Bond yields and the US dollar rose slightly amid little major news for markets.
070224 06.02.2024 3:51
Bond yields and the US dollar fell amid little major news flow and mixed Fedspeak.
050224 04.02.2024 5:03
Bond yields, the US dollar and equities all rose sharply after much stronger than expected US payrolls data, the S&P500 up 1.1% to a record high.
020224 01.02.2024 5:18
Bond yields are lower after a volatile session amid mixed economic data. The US dollar is also lower while equities are higher, the S&P500 up 1.0%.
010224 31.01.2024 4:33
Bond yields and the US dollar initially fell after softer US labour data, but then retraced after the FOMC statement which was slightly less dovish than markets had expected. The S&P500 is down 0.7%.
310124 30.01.2024 4:34
Bond yields jumped after stronger US economic data on the eve of the Fed’s rate decision. Currencies were only slightly ruffled.
300124 29.01.2024 3:56
Bond yields fell slightly amid some dovish comments from ECB officials. The US dollar was slightly firmer.
290124 28.01.2024 3:20
US bond yields rose following data showing stronger personal spending, helping the US dollar recover early session losses. Equities were little changed.
260124 25.01.2024 4:37
The US dollar rose slightly and bond yields fell slightly, while the S&P500 rose 0.1% to a fresh record high. The ECB held steady, and US GDP data showed solid growth and muted inflation.
250124 24.01.2024 4:15
Market sentiment was buoyant, helped by easing from China’s central bank and stronger US PMI data. The S&P500 is up 0.4% to a record high, the defensive US dollar is lower, and bond yields are higher.
240124 23.01.2024 2:53
The US dollar and bond yields rose during a session with little major news flow. The S&P500 nudged 0.1% higher to a fresh record high.
230124 22.01.2024 2:54
Equity markets remained upbeat, the S&P500 up 0.2% to a fresh record high. Despite that, AUD and NZD fell slightly, as did bond yields.
220124 21.01.2024 3:57
Upbeat sentiment in equities markets saw the S&P500 rise 1.2% to a record high. That, and surveyed inflation expectations receding, depressed the US dollar slightly, while bond yields were mixed.
041223 03.12.2023 4:20
Bond yields and the US dollar fell after Fed chair Powell’s comments which were less hawkish than expected. Also contributing to the moves were softer than expected US ISM manufacturing data and dovish ECB-speak. The S&P500 rose 0.6%.
011223 30.11.2023 3:45
Bond yields rebounded and the US dollar rose, despite PCE inflation declining as expected. Markets are looking ahead to Fed chair Powell’s comments tonight.
301123 29.11.2023 5:43
Bond yields fell slightly further, helped by softer German inflation data, while the US dollar rose slightly amid mixed Fedspeak and US data.
291123 28.11.2023 4:34
Bond yields fell further, amid mixed Fedspeak and US economic data. The US dollar fell to a low since August.
281123 27.11.2023 2:52
Bond yields fell overnight, helped by softer US economic data. The US dollar is little changed, but AUD and NZD made fresh highs since August.
261123 26.11.2023 3:24
During a shortened US session following Thanksgiving Day, the US dollar fell amid slightly improved risk sentiment and bond yields rose slightly.
241123 23.11.2023 3:57
Markets were mostly contained overnight, given the US holiday. Currencies were mixed with minor movements, while bond yields rose.
231123 22.11.2023 4:21
Bond yields and the US dollar rose in response to second-tier US economic data (jobless claims, inflation expectations), and the S&P500 is up 0.4%.
201123 19.11.2023 2:51
Short-term bond yields rose amid central bank comments disagreeing with markets pricing rate cuts. Equities were steady, but the US dollar fell.
171123 16.11.2023 4:09
Bond yields fell after US economic data showed the economy cooling. The US dollar and equities are little changed. Oil fell sharply.
161123 15.11.2023 4:45
Bond yields partly retraced the previous day’s decline following mixed economic data. The US dollar and equities rose slightly.
151123 14.11.2023 6:09
US CPI inflation data was softer than expected, causing a plunge in bond yields and the USD, and a rise in equities (S&P500 up 1.9%).
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