Edit

China's PMI Disappoints, US getting more Serious about Deploying SPR

March 31, 2022
Overview: The poor Chinese March PMI and talk that the US could tap its strategic oil reserves by as much as one million barrels a day for six months have rippled through the capital markets.  After the S&P 500 snapped a four-day advance yesterday, equities in the Asia Pacific region may have been on the defensive today, but sub-50 boom/bust r…
China's PMI Disappoints, US getting more Serious about Deploying SPR China's PMI Disappoints, US getting more Serious about Deploying SPR Reviewed by Marc Chandler on March 31, 2022 Rating: 5
Edit

BOJ Steps-Up its Efforts, US 2-10 Curve steepens, and the Dollar Softens

March 30, 2022
Overview:  A pullback in US yields yesterday and the Bank of Japan's stepped-up efforts to defend the Yield Curve Control policy helped extend the yen's recovery.  This spurred profit-taking on Japanese stocks, where the Nikkei had rallied around 11% over the past two weeks.  Hong Kong, China, and Taiwan led the regional advance.  However,…
BOJ Steps-Up its Efforts, US 2-10 Curve steepens, and the Dollar Softens BOJ Steps-Up its Efforts, US 2-10 Curve steepens, and the Dollar Softens Reviewed by Marc Chandler on March 30, 2022 Rating: 5
Edit

Calmer Markets: Hope Springs Eternal

March 29, 2022
Overview:  Interest rates continue to rise, but equities are looking through it today and the dollar is drawing less succor.  Asia Pacific equities were mostly higher.  With half of Shanghai in lockdown, Chinese equities were unable to join the regional advance.  Europe's Stoxx 600, led by energy and consumer discretionary sectors, is rising f…
Calmer Markets: Hope Springs Eternal Calmer Markets: Hope Springs Eternal Reviewed by Marc Chandler on March 29, 2022 Rating: 5
Edit

Yields Jump, Greenback Bid

March 28, 2022
Overview: Yields are surging.  Canada and Australia's two-year yields have jumped 20 bp, with the US yield up 10 bp to 2.37% ahead of the $50 bln sale later today.  The US 10-year yield has risen a more modest three basis points to 2.50%, flattening the 2-10-year yields curve.  The 5–30-year curve has inverted for the first time since 2016.  E…
Yields Jump, Greenback Bid Yields Jump, Greenback Bid Reviewed by Marc Chandler on March 28, 2022 Rating: 5
Edit

Caution: Trends in the Foreign Exchange Market

March 27, 2022
The recent themes in the foreign exchange market continued last week. On the one hand, the dollar-bloc currencies and Norwegian krona trended higher, while the euro, and especially the yen, traded heavier. On the other hand, although some critics argued that the Fed's 25 bp rate hike earlier this month was too timid, the Fed is signaling it co…
Caution: Trends in the Foreign Exchange Market Caution: Trends in the Foreign Exchange Market Reviewed by Marc Chandler on March 27, 2022 Rating: 5
Edit

US Jobs, EMU CPI, Japan's Tankan, and China's PMI Highlight the Week Ahead

March 26, 2022
This year was supposed to be about the easing of the pandemic and the normalization of policy. Instead, Russia's invasion of Ukraine threw a wrench in the macroeconomic forecasts as St. Peter’s victories broke the brackets of the NCAA basketball championship pools. The war has pushed up the price of energy, metals, and foodstuffs, which seemed…
US Jobs, EMU CPI, Japan's Tankan, and China's PMI Highlight the Week Ahead US Jobs, EMU CPI, Japan's Tankan, and China's PMI Highlight the Week Ahead Reviewed by Marc Chandler on March 26, 2022 Rating: 5
Edit

Markets Turn Cautious Ahead of the Weekend

March 25, 2022
Overview: With the US warning about a "vertical escalation" by a stymied Moscow and the EU cautioning that Beijing may send semiconductors and other tech hardware to Russia, it is little wonder that risk appetites are being curtailed ahead of the weekend.  Japan eked out a small gain, most of the major bourses in the Asia Pacific region …
Markets Turn Cautious Ahead of the Weekend Markets Turn Cautious Ahead of the Weekend Reviewed by Marc Chandler on March 25, 2022 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.