Moving Markets

US stocks rallied yesterday, closing at all-time highs after the US Federal Reserve left its benchmark interest rate unchanged for a fifth straight meeting in a range of 5.25 to 5.5 percent. The market optimism is extending to Asia today, where stocks are at their highest levels in nearly two years as the tech sector rallies. Carsten Menke, Head of Next Generation Research, provides an update on i...

Investors adopted a cautious stance ahead of the much-anticipated Fed decision, with government bond yields stabilising yesterday. That didn’t stop equities in the US and Europe from reaching new record highs. The focusnow moves to central banks for the rest of the week. Dario Messi, Fixed Income Strategist, talks about the Bank of Japan, the Swiss National Bank and what to expect from the FOMC me...

After 17 years, the Bank of Japan has become the last global central bank to end its negative interest rate policy, but the JPY is lower as some expected even more policy tightening. US equities outperformed on strength in AI names, in particular Alphabet. Nvidia unveiled a new chip that is up to 30 times faster than its predecessor. Demand for high yield bonds remains strong despite low spreads....

With a number of major central banks meeting this week, volatility will potentially return to equity markets. Slightly weaker economic growth data, coupled with inflation that is proving stickier than expected, is making life difficult for central bankers now. Mensur Pocinci, Head of Technical Analysis, explains why investing at market tops tends to be beneficial over time. 00:00 Introduction by H...

Higher-than-expected producer prices spooked investors yesterday, sending Treasury yields and the US dollar higher and equity markets lower. In Asia, the People’s Bank of China kept its one-year medium term lending facility rate unchanged and investors are now focusing on Japan’s interest rate decision next week. Bitcoin saw a pullback, while oil climbed to a fresh 2024 high after the Internationa...

European stocks closed broadly higher on Wednesday whilst the US took a breather, with some of the big tech stocks lower on the day. Japan was the standout Asian stock market with stocks boosted by an advance in commodity companies and a slightly weaker yen. The general market focus now turns to US PPI data due out today. Our Head of Economics & Next Generation Research Norbert Rücker, gives h...

US and European equity markets put in another strong performance yesterday, climbing to fresh records as the latest hotter-than-expected inflation figures did little to alter bets the Federal Reserve will cut rates this year - even if officials keep a more cautious stance for now. Dario Messi, Fixed Income Strategist, shares details about yesterday’s US inflation report and what it means for the F...

US equities ended mostly lower in a calmer session yesterday ahead of today’s eagerly awaited inflation print out of the US. The Japanese yen fell against its peers after the latest comments from Bank of Japan Governor Ueda. Manuel Villegas, Next Generation Research, provides an update on Bitcoin and shares his insights into what’s driving its string of new all-time highs. 00:00 Introduction by He...

The US labour market continues to cool, but red-hot Nvidia first hit a record high then recorded a 10% intra-day drop, the USD had its longest losing streak since last October, and gold and Bitcoin reached all-time highs – these are just some of the headlines from last week. Asia is starting this week with better inflation figures out of China, but prospects of higher interest rates and a stronger...

Both European and US stock market indices rally to new all-time highs as the two most important central bankers hint at interest rate cuts as early as this summer. In currencies, the Japanese yen is higher again this morning, trading at multi-month highs against the US dollar. And Carsten Menke, our Head of Next Generation Research, shares his thoughts on why he thinks gold's rally has no legs. 00...

After Fed Chair Jerome Powell’s congressional testimony yesterday, US equity markets rallied further, recouping some of Tuesday's pullback. And Europe’s STOXX 600 index reached an all-time high yesterday, ahead of today’s ECB policy rate decision. Tim Gagie, Head of FX & PM Solutions Geneva, joins us with an update on currencies and precious metal markets. And Richard Tang, Head of Research Ho...

Markets were on the back foot yesterday, dragged down by tech giants such as Tesla and Apple, which added to their year-to-date losses. While tech stocks led the declines, the losses were fairly broad-based. In addition to the tech correction, some weaker than expected economic data added to fears that a soft landing might not be a done deal. The general weakness in data helped to push government...

It’s a big day in politics today. Not only is it Super Tuesday in the US where primaries are being held, but China has also kicked off its National People’s Congress today, where it has set its annual growth target ‘at around 5%’. So far, China has not announced any major fiscal stimulus and as such, Asia-Pacific markets are mostly lower today. This also follows yesterday’s session in the US, wher...

European and US equity indices reached new highs on Friday and indeed, one bank has now set a 5,400 year-end target for the S&P 500. And the rally continues in Asia this morning with both Japan and India setting new highs. Ahead of a busy week that will culminate with the all-important US employment report on Friday, our Head of Technical Analysis Mensur Pocinci tackles the technical challenge...

The release of US and European inflation data eased concerns about renewed price pressures, pushing bond yields lower and giving a boost to US equities in particular, with the S&P 500 and Nasdaq closing at all-time highs. But the real star of February in terms of monthly equity performance was Asia, with Japan (also at an all-time high) and China outperforming global equities. And India just r...

While equities traded slightly lower yesterday ahead of some key economic data due today, all the action was around Bitcoin, the largest digital asset, which shot through the USD 60,000 mark, accelerating a rally that has seen it gain 50% in February alone. And Norbert Rücker, Head of Economics and Next Generation Research, puts the latest moves in the energy market into perspective - the main mes...

While most investors are eagerly awaiting tomorrow's US inflation numbers, yesterday's data releases have raised some doubts about the stability of the US economy. Meanwhile in Asia, new government initiatives in Hong Kong are boosting the property sector, while the Chinese government is tightening its national security protocols. Corporate news is also moving markets, such as Apple's decision to...

US benchmark equity indices broke their winning streak yesterday as fresh economic data underwhelmed investors. In Japan, core consumer inflation slowed for a third straight month in January but beat forecasts, fuelling speculation that the central bank may soon abandon its negative-interest-rate policy. And Manuel Villegas, Next Generation Research, joins us with an update on Bitcoin spot ETFs an...

While equity markets are pushing higher, bond investors need to navigate carefully. Last week’s FOMC minutes, PMIs and employment data, all had a hawkish tilt to them. US weekly jobless claims fell more than expected, showing the continued strength in the US labour market. The price components of the PMI data showed that inflationary pressures remain. And the FOMC minutes sent a clear message that...

Nothing is certain but death and taxes … and Nvidia beating earnings. Global equity markets stormed to fresh all-time highs on Thursday following Nvidia’s blowout earnings report. The company added USD 277 billion to its market capitalisation yesterday alone, making this the biggest single-session gain in value of all time. The Nvidia-led optimism sent the S&P 500, Nasdaq 100 and Dow Jones ind...

Giant chipmaker Nvidia published an eye-watering set of results and forecasts yesterday, sparking a rally in Asian equities this morning. Meanwhile, the minutes from the Federal Reserve’s last meeting provided more fuel to those believing that interest rates will remain where they are for longer. David Kohl, Chief Economist, puts things into perspective after the latest round of inflation prints,...

Concerns that Nvidia may miss high expectations for its quarterly results and that the technology sector is overvalued have weighed on the broader US equity market. Later today, investors will look to the January FOMC meeting minutes for fresh clues on the Federal Reserve’s outlook. In Asia, China’s stimulus measures appear to have been successful, with stock indices rising. In today’s episode, Da...

Global markets have been subdued over the last 24 hours given the US holiday. In very quiet markets, the STOXX 600 built on its run of four consecutive weekly gains to close within touching distance of its record high. Overnight attention was focused on China, where stocks fluctuated after domestic banks cut a key mortgage reference rate by a record amount. Manuel Villegas from the Next Generation...

While US bond markets continued to sell off last week on higher-than-expected inflation data, equities were less impressed. However, European equities managed to eke out a gain over the week for the fourth time in as many weeks. Meanwhile, Mensur Pocinci, our Head of Technical Analysis, remains bullish on US equities and shares his views on whether he thinks Japanese equities can go even higher. 0...

European equities are close to their 2022 highs, Japanese equities are just below their 1989 highs, and US equities closed at an all-time high with the rally broadening beyond the Magnificent 7. The European bond market saw the largest corporate bond offering in more than a year from Siemens, which was more than three times oversubscribed. Shares in Hong Kong are showing signs of life, up for a th...