Markets continued to rally overnight with the SP500 eyeing off the key 4160 level. Whether the rally will continue or turn back lower will come down to the US CPI reading tonight. The reading is expected at 10:30 pm AEST, the forecast is expected a fall in headline CPI from 8.5% to 8.1% and core
Read MoreMarkets finished off the week higher, but whether the rally will continue or turn back lower will come down to the US CPI reading tomorrow night. The reading is expected at 10:30 pm AEST, the forecast is expected a fall in headline CPI from 8.5% to 8.1% and core to rise from 5.9% to 6.1%.
Read MoreMarkets managed to put on a slight gain overnight despite Hawkish comments from Jerome Powell and the ECB lifting rates by 75 points. The FED on the 22nd of September will likely follow and lift rates again. If they do this will be the 3rd straight 75-point rise taking them to over 3%. The US
Read MoreThe mood of the market shifted overnight as we saw Crude fall to the lowest level since January this year. This takes crude back to Pre Russia-Ukraine levels, despite a slight cut in production from OPEC+. Energy futures in general fell strongly as investors continue to worry above demand as central banks are set to
Read MoreThe US market fell despite positive leads from futures markets heading into the open. Bond yields continued to climb aggressively as markets continue to readjust to higher rates for longer after Jerome Powell’s speech 2 weeks ago. The US 10-year is now trading at 3.35. This is drastically higher still from 3% a few weeks
Read MoreUS markets gave no leads overnight as they were closed for the labour day long weekend. US futures markets have traded sideways since yesterday morning, pushing up around 9 points (0.20%) overnight. European market closed lower after news that Russia’s state-owned energy giant Gazprom is halting gas flows to Europe via the Nord Stream 1
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