Smartphone providers await 2H smartphone rebound
Smartphone providers Apple, Samsung, Oppo and Vivo are likely to see improving demand later this year after a slump through 1H.
Bond greenium surfacing in developed markets
A greenium has emerged across developed markets, with yields up to 40 bps lower for green vs. corporate bonds.
S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage
US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend.
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Apr 20, 2023 when USD/CAD traded near 1.35.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
Did ECB Just Put Brakes on Euro’s Rally? EUR/USD, EUR/AUD, EUR/JPY
The European Central Bank (ECB) may have just raised the bar for an imminent break higher in the euro against some of its peers. What is the outlook for EUR/USD, EUR/AUD, and EUR/JPY?
Russian Rouble Soars to 1Month High, Oil Prices Halt Slide
May 4 Reuters The Russian rouble climbed to a morethanonemonth high on Thursday, gaining for a fifth straight session, as oil prices staged a partial recovery, countering the impact of reduced foreign currency supply. By 0923 GMT, the rouble was 1 stronger against the dollar at 78.44 , its strongest mark since April 3. It […]
Stocks and Euro Sag ahead of Expected ECB Rate Hike
SINGAPORE, May 4 Reuters Europe39;s stock markets and the euro sagged on Thursday as investors waited for another European Central Bank rate rise after the U.S. Federal Reserve signalled that its marathon hiking run might finally have hit pause. Another rout in regional U.S. bank shares overnight was hardly helping spirits, but with gold a whisker […]
Feds Hiking Pause May not Signal AllClear for US Stocks
NEW YORK, May 4 Reuters The end of a marketpunishing rate hiking cycle may be in sight, but uncertainty over stock valuations and the economic outlook is keeping investors on alert for more turbulence ahead. The Federal Reserve on Wednesday signaled it may pause interest rate increases after raising rates by 500 basis points over the last […]
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 28, 2023 when Wall Street traded near 32,430.10.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
Oil Edges Up after ThreeDay Plunge, Demand woes Linger
Oil prices fall more than 8 so far this week Fed raises rates, opens door to pause in tightening cycle ECB set to raise interest rates for 7th time in inflation fight May 4 Reuters Oil prices rose on Thursday but were unable to claw back much of this week39;s more than 8 decline as […]