Results for New Zealand
Edit

Banking Stress Eases

March 21, 2023
Overview: The banking crisis is ebbing. The Bank of England and European Central Bank assured investors that the AT1 bonds are senior to equity claims, and Switzerland is a unique case. Bank share indices in the Europe and the US rose yesterday, even though the shares of First Republic Bank fell by 47% yesterday. The $123-stock at the end of last …
Banking Stress Eases Banking Stress Eases Reviewed by Marc Chandler on March 21, 2023 Rating: 5
Edit

Swiss National Bank Support Steadies Market as ECB Faces Difficult Choice

March 16, 2023
Overview: The pendulum of market psychology is swinging dramatically. Amid the US banking crisis, Credit Suisse's long-running pressures percolated back to top-of-mind, sending ripples through the capital markets, trigging a sharp slide in the euro. The SNB support is helping the markets calm today. The odds of a 50 bp hike by the ECB today ha…
Swiss National Bank Support Steadies Market as ECB Faces Difficult Choice Swiss National Bank Support Steadies Market as ECB Faces Difficult Choice Reviewed by Marc Chandler on March 16, 2023 Rating: 5
Edit
Upside Surprise in UK's Flash PMI and Better-than-Expected January Public Finances Lift Sterling Upside Surprise in UK's Flash PMI and Better-than-Expected January Public Finances Lift Sterling Reviewed by Marc Chandler on February 21, 2023 Rating: 5
Edit

Poor US Data Cast Doubts on New Found Hopes of a Soft-Landing

January 19, 2023
Overview:  Yesterday's string of dismal US economic data delivered a material blow to those still thinking that a soft-landing was possible. Retail sales by the most in the a year. Manufacturing output fell by nearly 2.5% in the last two months of 2022. Bad economic news weighed on US stocks. The honeymoon of New Year may have ended yesterday.…
Poor US Data Cast Doubts on New Found Hopes of a Soft-Landing Poor US Data Cast Doubts on New Found Hopes of a Soft-Landing Reviewed by Marc Chandler on January 19, 2023 Rating: 5
Edit

Macro and Prices: Data and Psychology in the Week Ahead

November 19, 2022
The week ahead has a relatively light economic schedule, punctuated by the US Thanksgiving Day holiday on November 24. Nevertheless, the data highlights include the preliminary November PMIs, Tokyo's November CPI, and the FOMC minutes from this month's meeting. The data is not the driver now; psychology is. The precise print, for example, …
Macro and Prices: Data and Psychology in the Week Ahead Macro and Prices: Data and Psychology in the Week Ahead Reviewed by Marc Chandler on November 19, 2022 Rating: 5
Edit

Turn Around Tuesday Aside, is the Dollar Topping?

October 18, 2022
Overview:  Global equities moved higher in the wake of the strong gains in the US yesterday. US futures point to the possibility of a gap higher opening today. Most of the large Asia Pacific bourses rallied 1%-2%, with China’s CSI a notable exception, slipping fractionally. Europe’s Stoxx 600 is edging higher and is near two-week highs. If the gai…
Turn Around Tuesday Aside, is the Dollar Topping? Turn Around Tuesday Aside, is the Dollar Topping? Reviewed by Marc Chandler on October 18, 2022 Rating: 5
Edit

New Week, New Hope

July 18, 2022
Overview: Risk appetites have been recharged over the weekend. Equities are mostly higher as are benchmark yields, while the dollar has pulled back. Tokyo markets were on holiday, but the other large markets in the Asia Pacific region advanced by more than 1%, including China, Hong Kong, Taiwan, South Korea, Australia, and India. The MSCI Asia Pac…
New Week, New Hope New Week, New Hope Reviewed by Marc Chandler on July 18, 2022 Rating: 5
Edit

Eurozone Inflation Surprises Higher, but German Rates Slip

February 02, 2022
Overview: The apparent campaign by Fed officials to calm market fears that its operational flexibility was going to choke growth is having the desired effect.  The implied yield of the December Fed funds futures contract is easing for the second session after jumping by more than 25 bp in the previous five-session slide.  Tech earnings from Alphab…
Eurozone Inflation Surprises Higher, but German Rates Slip Eurozone Inflation Surprises Higher, but German Rates Slip Reviewed by Marc Chandler on February 02, 2022 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.