Tag: Day

US 2-year yields back away from the highs of the day

Whether the Fed ends at 4.50-4.75% or 4.75-5.00% is immaterial but a strong jobs report today raised the chances that the hiking cycle restarts next year.The easiest way to see that is in...

Stock declines are fully erased. Still one more day to the US jobs data

The US major indices - led by the Nasdaq - got off to a weak start today. The RBNZ hiked by 50 and did not follow the RBA lead. The dollar moved...

US major stock indices staging a comeback. Prices are down on the day but erasing losses.

Looking at the S&P index on the hourly chart above, the rally on Monday and Tuesday saw the price extend toward the 38.2% retracement of the move down from the September high. That...

US stock markets soar for the second day in a row

<p>US equities are now up more than 5% in just two trading days in October. That&apos;s an phenomenal start after a 9% decline in September.</p><p>Today&apos;s changes:</p><ul><li>S&P 500 +112 points to 3790 or +3.1%</li><li>DJIA+2.8%</li><li>Nasdaq...

Oil – An OPEC+ 1mn barrel / day output cut “would tighten the market considerably”

In brief summary comments on oil via ANZ. Crude oil prices rallied sharply as expectations of a large cut to OPEC production rose. The OPEC+ alliance is due to meet in Vienna on...

Bond yields climb to the highs of the day

Tell me what bonds do in October and I'll tell you what the rest of the market will do.There's a reasonably strong consensus that anything around 4% is attractive in the long term...

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