Chancelor’s Reeves surprise speech
Two days ahead of the Bank of England’s rate decision, the UK’s Chancelor of Exchequer, Rachel Reeves, held an uncanny, surprise public announcement to inform British citizens about the Labour party’s fiscal plans, addressing the massive budget hole that she and her colleagues have to fill. Even though the Chancelor did not lay down concrete […]
Aussie traders await RBA’s next move
In tomorrow’s early Asian session, Aussie traders will fixate upon the Reserve Bank of Australia’s rate decision for their November meeting to gauge the direction of the Australian Dollar but also the Australian equity market, in the foreseeable future. Money markets project with a 95% certainty that RBA policymakers will go for a pause at […]
Amazon shares shoot up after blockbuster quarter
The world’s largest online retailer, Amazon, positively surprised Wall Street with its third quarter performance, driving its share price up by over 12% in the aftermarket hours and into uncharted all time high territory once again. Robust revenue growth across its core businesses, retail and cloud, toppled analysts’ lofty expectations and have also contributed positively […]
ECB seen standing still for the foreseeable future
Unlike the Federal Reserve yesterday, which extended its easing campaign by slashing another 25bps off its federal funds rate, the European Central Bank is widely expected to stand pat and hold rates steady for a third consecutive meeting. Fore reference, the main refinancing rate is set to remain at 2.15%, while the deposit facility rate […]
Fed to deliver policy decision without updated data
The main attraction of the week is bound to be the monetary policy decision from the Federal Reserve later on today, which will steer the direction of rates amidst a period of scarce economic data due to an ongoing US government shutdown. Policymakers have been flying blind over the past month or so, as the […]
Policy decisions, Mag 7 earnings and crucial econ data ahead
Given the lack of economic news releases today Monday, we decided to outline the most important and crucial events scattered across this week on the economic, policy and earnings fronts: Tuesday: We begin with the BoJ Core CPI print in the early Asian session and the CB consumer confidence indicator for the month of October […]
Focus returns on economic data after blackout period
Even though the US government shutdown is still underway, marking 22 consecutive days without the passage of legislative funding for financing the federal government, market participants rejoice as they will apprehend the first crucial piece of economic data and draw their best conclusions, as to how the Federal Reserve will proceed in its upcoming policy […]
The West’s united pressure-measures against Russian energy giants
Crude oil futures are on track to sustain the headway made in the prior two sessions and rebound further from 4- month lows, as the United States ramped up efforts to restrict flows of cheap Russian oil in energy markets. Washington’s renewed sanctions package now includes Lukoil and Rosneft, two of Russia’s largest energy players […]
Earnings miss drags Netflix lower
Shares of Netflix slipped by over 6% in the aftermarket hours yesterday, as the company missed Wall Street analysts’ earnings estimates by a wide margin in the third quarter of 2025, but has, broadly speaking, achieved another strong quarter of growth. More specifically the online streamer reported an adjusted EPS of $5.87, missing the $6.96 […]
US plans stakes in Australian miners to counter China’s supply chains
The US administration is reportedly pondering to take equity stakes in Australia’s largest miners according to a report in efforts to minimize the influence of its most prominent rival, China, and remain competitive in the race for global superiority. Washington noted that the move aims to create alternative supply chains, after China, the top producer […]
Earnings turnaround story lifts Nike higher
The sports apparel giant, Nike, just did it with its latest earnings call and outperformed Wall Street analysts’ forecasts, possibly signalling the return of the world-renowned sports brand, back to its former glory days. Shares rose by over 4% in the aftermarket hours signalling investors’ optimisms, as Nike toppled both the EPS and Revenue targets […]
The plan to end the war in Gaza
Headlines for the 20-point peace plan for the war in Gaza flooded market feeds earlier today, after President Trump met with Binyamin Netanyahu, the PM of Israel, and discussed the future of Palestine, after almost two years of extensive bloodshed. The first stage of the plan entails, the release of all, 48, Israeli hostages that […]
Dollar returns to weakness after stagflation confirmation
After a brief period of gains, the greenback reversed course and returned to its characteristic devaluation path, as the latest Core PCE print, the Federal Reserve’s preferred gauge of inflation, showcased no material change and hinted that the US economy is indeed experiencing a stagflationary cycle. Price pressures were unchanged in the month of August, […]
US PCE update edging closer
The main attraction of today’s session is the Fed’s preferred gauge of inflationary pressures, the Core PCE index, for the month August whose results will have a direct impact on the Federal Reserve’s impending rate decisions in the remaining two meetings of 2025. According to forecasts, year on year Core PCE reading is seen at […]
Hybrid and EV car sales thrive in Europe
The latest year-on-year data from the New Passenger Car Registrations indicator showcased that in the month of August, hybrid and battery electric vehicles(BEVs) far outperformed sales of traditional, petrol and diesel vehicles, showcasing that a shift in consumers behaviour may have occurred. Petrol car sales fell by -16%, diesel by -18% whereas, sales of hybrid […]
The bullion’s unstoppable rise to new heights
Investors continue to relentlessly allocate capital into the safe haven commodity, fuelling its ascent to fresh record highs week after week, as a confluence of bullish catalysts supercharges their conviction. The precious metal has recorded an impressive 40% gain year to date, its strongest gain performance since 1979 and analysts have upwardly revised their end […]
Eurozone flashes signs of life
Euro traders rejoiced earlier today after manufacturing and services updates from the bloc showcased a possible end of the long-lasting tarnishing trend and signalled that brighter days may lie ahead. Services activity appears to be at the early stages of escaping long periods of stagnation or mild contraction and instead return to expansion, as the […]
PBOC maintains cautious stance despite weak domestic activity
The People’s Bank of China opted to stand pat for a fourth consecutive meeting and kept both of its loan prime rates intact near historical levels, in line with market expectations, avoiding additional stimulus injections albeit the persistent slacking of domestic consumption and loss of economic momentum. The 1-year loan prime rate, a proxy for […]
BoJ surprises with ETF and REIT sale announcement
The Bank of Japan kept its policy rate intact at the 0.5% level at its September meeting, in line with broader market expectations, but surprised the markets by announcing that it will begin unwinding its ETF and REIT holdings portfolio, in a step to further normalize its monetary policy practices. Albeit keeping rates at their […]
Bank of England up next for a decision
After markets digested the Federal Reserve’s rate decision, the speech of Fed Chair Powel and the renewed projections of the FOMC committee for the foreseeable future, now attention is expected to shift, cross the Atlantic and fixate upon the respective policy decision from the Bank of England. BoE has slashed rates multiple times this year, […]