A positive start to the week

  Equities move higher Friday’s positive mood on Wall Street continued in morning trade in Asia, with US indices gaining between 0.49% and 0.59%. The outperformer of the day was the HonkKong33 index, which rallied 1.8% after the ongoing weekend anti-government protests, now in its 11th week, passed off peacefully for the first time in […]

Recycling, White House style

Prepared by Jeff Halley, Senior Market Analyst   A quiet weekend The weekend was blissfully quiet on the news front with even the Hong Kong protests passing without much incident. Hong Kong incidentally, will be the focus for other reasons this afternoon as it releases unemployment data at 16:30 Singapore time (SGT). It is unlikely […]

Daily Markets Broadcast 2019-08-19

Daily Markets Broadcast 2019-08-19 Wall Street gains on trade talk progress Wall Street stocks advanced on Friday amid reports of “good” talks between the US and China. Oil prices rebound but the weak demand outlook tempers gains. Markets are now looking forward to the annual Jackson Hole symposium, which starts on Thursday.   US30USD Daily […]

Aussie jumps as jobs data beats estimates

  Strong full-time jobs The Australian dollar jumped across the board after July’s employment report came in better than forecast. The Australian economy added a net 41,100 jobs last month, more than the 14,000 economists had expected and almost matching the 42,300 jobs added in May. The details also suggested a robust report, with 34,500 […]

Four seasons in one day

Prepared by Jeff Halley, Senior Market Analyst   Equities suffer a winter cold European and North American stock markets were cremated overnight, following weak Chinese and European/German data highlighting that both economies are slowing, exacerbated by the ongoing US and China trade war. This was in sharp contrast to the previous North American session where […]

Daily Markets Broadcast 2019-08-15

Daily Markets Broadcast 2019-08-15 Wall Street tumbles as recession fears intensify Wall Street stocks nose-dived yesterday after the US yield curve inverted for the first time since 2007, which is often seen as a precursor to a recession. Weak data out of China added to the malaise. The key Australian jobs report is due today […]

Commodities Weekly: Bullish gold bets at 3-year high

  The ongoing trade turmoil and its implications for global growth is helping to boost precious metals. The energy sector is struggling however, while agricultural commodities have taken a hit following the latest USDA WASDE report.   Precious metals Speculative investors boosted net long GOLD positions to the highest since September 2016, according to the […]

Argentinian voters deliver a “steak” to the heart

Prepared by Jeff Halley, Senior Market Analyst   Trade-war induced global slowdown Global financial markets continued their collective hand-wringing overnight, with worries over the trade-war induced global slowdown becoming a long and drawn out hangover for the street that just won’t go away – no matter how many vitamin C tablets go into the glass […]

Daily Markets Broadcast 2019-08-13

Daily Markets Broadcast 2019-08-13 Wall Street drops on trade, recession fears US indices fell for a second consecutive day yesterday, constantly pressured by the threat of prolonged US-China trade talks and the implications for global growth. Singapore’s second quarter growth was revised slightly higher but missed forecasts.   US30USD Daily Chart The US30 index fell […]

Aussie higher as China PMI beats estimate

  Manufacturing PMI still below 50 The Australian dollar rebounded from six-week lows versus the US dollar this morning after China’s manufacturing PMI came in higher than expected. The manufacturing PMI rose to 49.7 in July, an improvement from June’s 49.4 reading and better than the 49.6 forecast. It still remained below the key 50 […]