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Adam Button

AUD: RBA to stick to 25bps hike: market implications – BofA

Bank of America Global Research discusses its reaction to tonight's RBA policy meeting."We expect the RBA to stick to its gradual 25bp hiking pace and raise the cash rate by 25bp on 1...

Now isn’t the time for over-confidence in election polls

Tuesday, November 8 is election day in the United States as Americans cast a vote for all of the House and one-third of the Senate.Most market-watchers assume Democrats will lose either the House...

Biden to float a windfall tax on energy producers but it will be tough to pass it

Biden is set to speak on oil companies later today and the AP now reports he will float the idea of a windfall tax on energy producers.This is undoutedly an election ploy.It would...

Dallas Fed October manufacturing index -19.4 vs -17.2 prior

Prior was -17.2Employment 17.1 vs 15.0 last monthHours worked -0.1 from 8.0 last monthNew orders -8.8 from -6.4 last monthProduction 6.0 vs 9.3 last monthRaw material price paid 32.0 vs 37.1 last monthPrices...

US equities stumble lower at the open as US dollar stays strong

US stocks are set for one of the best month's in history but today's trading so far is lower. The S&P 500 is down 0.7% and the Nasdaq down 1.0%.Here's how things were...

Other markets aren’t confirming the move in equities

The S&P 500 is up 2.1% and the Nasdaq up 2.5%, both session highs. This looks an awfully lot like a stocks-only short squeeze. I could get behind the move if Treasury yields...

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