All about the Fed
Without a shadow of a doubt, the main attraction of today’s session is the Federal Reserve’s rate decision for the September meeting and albeit money markets almost fully pricing in a 25bps cut, a small minority bets that a jumbo 50bps cut could also be on the table. Even though inflationary pressures remain above the […]
Strength of US consumer gets an update
The highlight for investors during today’s session is the US retail sales update which will showcase how consumer spending trends evolved in the month of August. So far retail spending activity has been robust, albeit a few short-lived hiccups, indicating that despite the Fed’s tightening efforts to constrict inflationary pressures, the US consumer remains resilient […]
Week Ahead Schedule
Since there are scarcity economic news releases during today’s session, apart from President Lagarde’s speech, we decided to outline the most important releases for this week: Tuesday: We kick off the week with Eurozone’s ZEW economic sentiment indicator for September and industrial production rates for July, from Canada we note the latest CPI print and […]
US labour market concerns overshadow rekindled price pressures
Yesterday, markets put aside the modest reignition of inflationary pressures and instead diverted their attention onto the latest weekly initial jobless claims figure, that showcased a surprise rise to levels last observed before in October of 2021. According to the latest CPI print for the month of August, price pressures saw an increase of 0.2% […]
Euro parked at 4-year highs ahead of ECB’s decision
In a week’s time, Federal Reserve officials will convene for their September meeting and will most likely lower policy rates for the first time in 2025 by 25bps. Today, ECB policymakers will likewise convene but it is rather unlikely that they will vote to lower rates, but are rather expected to keep them intact for […]
Oracle’s stellar outlook sends stock soaring
Yesterday during the aftermarket hours of the American session, Oracle unveiled its second quarter earnings results and albeit slightly missing its EPS and Revenue targets, its rambunctious forward outlook sent its stock price more than 30% higher. Oracle’s reported total revenue for the quarter was $14.9bn, recording a modest 12% increase on year-on- year basis, […]
What to look out for this week
Since today, Tuesday, is a rather slow week in terms of economic news releases, we thus turn our attention and shed light to onto the events that lie ahead. Tomorrow Wednesday, attention will fall upon the latest CPI print from China in the far east and early in the Asian session, which would highlight whether […]
Chinese firms continue to circumvent Trump’s tariffs, sales in other markets soar
China’s exporting mechanism remains robust, albeit its modest slowdown in August, as manufacturers manage to circumvent the harsh tariffs imposed by the Trump administration and find clients across the rest of world. Exports were only up by 4.4% in August, the latest report showed, missing the markets’ 5% expectation and recorded its slowest growth expansion […]
High-stakes NFP print to steer the Fed’s policy decision for September
The anticipation is over and the time has come for the highly anticipated Non-Farm Payrolls data for the month of August, which will be released later on today and could finally, and hopefully, definitively confirm whether the Federal Reserve would decisively embark on its rate cutting campaign. In recent weeks, the focus and importance of […]
Swiss economy avoids deflationary rout
Earlier today, the latest CPI update from Switzerland matched economists’ expectations, standing still at the 0.2% level and rather confirmed the market views that SNB policymakers will most likely vote to keep rates unchanged at their upcoming quarterly policy decision in September. The central bank however is expected to face challenges in how they deploy […]
Act of defiance; China pumps up its chest towards the West
Worries across the Western hemisphere have been on the rise that China’s Xi is on a mission to redraw a geopolitical map with India’s PM Modi and Russia’s President Putin, alongside other leaders, in an act of defiance, fearing that the world order created by the US will soon be challenged by a fierce coalition, […]
UK’s Gilts climb to 1998-year highs on mounting fiscal concerns
Anxiety took hold of UK markets earlier today, as investors battled with souring growth prospects but also murky revival efforts from the government due to concerns over the country’s fiscal outlook. Driving 30-year gilts higher were concerns of the markets in regards to Chancelor Reeve’s Autumn Budget which entail further tax raises to keep targets […]
Safe haven assets attract bids amidst rising rate cut bets
Safe haven assets such as gold and silver attracted renewed interest from investors late last week as a flurry of US economic news releases, dovish Fed talk rhetoric and uncertain tariff developments, nudged money market participants to upwardly revise odds for a 25bps cut in September. Despite a hotter than expected PCE print investors fixated […]
Could runaway inflation discourage Fed cuts?
Today, investors eyes will inevitably be drawn upon the Fed’s favourite inflation metric update, the Core PCE index, which will shed light onto how price pressures evolved within the US in the month of July, but more importantly what will the implications be for the trajectory of the Federal Funds rate during the remainder of […]
S&P captures record highs, will complacency follow?
US equity futures continue to gradually crawl higher week after week as traders stay hopeful and optimistic, despite the frothiness around tech stocks and their lush AI promises, showcasing that investors place much more emphasis on the impending rate reductions from the Federal Reserve and the arrival of looser policy conditions. Money markets are currently […]
All eyes fixate upon Nvidia’s earnings data
Hefty promises have bolstered NVIDIA’s share prices to historic highs over the past year and a half and today’s earnings call is no different, as investors brace for a substantial post-earnings movement towards new highs, expecting that the AI chip manufacturer was and will be flooded with orders from top tech customers. Analysts expect Nvidia […]
RBNZ slashes 25bps from OCR, signals dovish intents
Earlier today, the RBNZ’s monetary policy committee voted to shave off another 25bps from its overnight cash rate, a move aligned with the broader expectations of market participants. Albeit policymakers acknowledging the upside risks of inflation and overall downside risks on the economic development front, they reached 4-2 majority decisions to lower rates further at […]
Is Intel’s revival on the horizon?
The once mighty semiconductor heavyweight Intel may be standing at the foothills of a major revival to its former glory days, after President Trump floated the idea of using funds from the CHIPS Act in and become the largest stakeholder. Trump administration reportedly plans to take approximately 10% stake in Intel, using up to $11 […]
Trump-Putin peace talk summit for Ukraine
Late last Friday, Russian President Vladimir Putin returned to US soil after a decade to meet with Donald Trump to discuss the possibility of ending the war in Ukraine and restoring peace at the easter front of the European continent. President Trump noted that the immediate end of the war lies in the hands of […]
Growth in the UK exceeds expectations
Investors apprehended the latest round of GDP data from the UK for the second quarter of 2025 with hopefulness, contributing to extension of the Sterling into 5-week highs. The British economy grew by three tenths of a percent (0.3%) in the second quarter, above market expectations for a mere 0.1% rise, but results were below […]