Investors call Powell’s rates bluff and bet on growth stocks
A shift in market expectations toward the Federal Reserve’s monetary easing has bolstered investor confidence, leading to a resurgence in global growth stocks.
Sustainable debt finds greener pastures in 2023
Sustainable bond issuance rebounded in the first quarter of 2023, following a challenging 2022. This signals the overall decline observed last year is not a continued trend.
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Mar 29, 2023 when USD/CAD traded near 1.36.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Oil Steadies as Tighter Supply Balances Growth Concerns
Oil gained over 6 last week on OPEC cuts, US inventory drop Progress on resuming Iraq northern oil exports in view US inflation data to help investors gauge Fed rate hike path OPEC, IEA reports due this week LONDON, April 10 Reuters Oil steadied on Monday, after rising for three straight weeks, as looming supply […]
European Shares Rise as Banking Gains Offset U.S. Recession Jitters
German Feb industry output rises more than forecast Shell climbs on higher LNG output expectations Zurich Insurance is second firm to quit climate alliance STOXX 600 rises 0.5 April 6 Reuters European shares rose on Thursday, heading into a long Easter weekend break, as real estate and travel stocks helped outweigh concerns over a U.S. […]
Londons FTSE 100 Climbs ahead of Easter Break
Shell up after forecasting stronger LNG volumes UK house prices rise by 0.8 in March Halifax Robert Walters slides after Q1 trading update FTSE 100 up 1.0, FTSE 250 adds 1.1 April 6 Reuters UK39;s bluechip index rose on Thursday, gaining for a third consecutive week, as a rally in commodity stocks and signs of […]
SafeHaven Gold Eases on its Way to Weekly Rise on Economic Woes
Focus on Friday39;s release of U.S. employment data Gold up over 2 so far this week Silver, platinum set for fourth straight weekly gain April 6 Reuters Gold prices pared some gains on Thursday ahead of a key U.S. jobs report, but bullion was still on track for a weekly rise as weak U.S. economic […]
Joe Biden Historic Economic Recovery, ECB Committed to Raise Interest Rates, Oil Rally Stopped Changes in May
PREVIOUS TRADING DAY EVENTS 07 April 2023 Announcements S. Average Hourly Earnings at 0.3 change as expected. The number of employed people during the previous month increased by 236K, which was more than expected but less than the previous figure. The unemployment rate had almost no change, at 3.5 for March. The figures show the […]
Can the Japanese Yen rely on its safe-haven appeal in Q2 – Will USD retaliate?
While the BoJ is expected to maintain the current status quo throughout Q2, the focus remains on the Fed’s next move.
Crude Oil Is Still Not Out of the Woods Despite OPEC+ Output Cut
Oil prices haven’t been able to extend gains after the initial jump following the surprise announcement of the output cut by OPEC+ producers. What is the outlook and what are the key levels to watch?