Market Overview

Confidence continues to float equity markets higher with the latest ECB meeting adding fuel to the fire with Wall Street picking up pace and dragging European shares along with it. The USD continues...

DXY sagged last night:AUD blasted off:With JPY:Brent is a bust, gold is running:Dr Copper want to break out:Miners meh:EM might be bulling up:Junk yawned:As yields firmed:Stocks only go up:It was an...

Economic activity remains on a path to slow in the next month’s release of first-quarter GDP data, according to the median nowcast via a set of estimates compiled by CapitalSpectator.com.The...

Asian share markets are putting in mixed sessions today despite the strong response overnight on Wall Street with the USD falling amid lower bond yields. Hawkish comments from the BOJ haven’t...

The bank expects to shut the doors to 45 of its branches by October, with a further 15 to be converted to CommBank branches. Key points Bankwest will make the leap to a digital-only bank in 2024 It...

Household spending dropped 14% in January, with services spending down nearly 6% compared to December, and goods spending dropping 21.5%. Key points Household spending declined 14% through...

DXY sank last night:AUD bounced:North Asia a little as well:No luck for oil. Gold is running:Dirt meh:Miners finally got some bids:EM might be getting a bit more bullish:As spreads contact:And yields...

Fed Chair Jerome Powell is scheduled to testify in the House today (Wed., Mar. 6) and markets will be all ears on topics that offer guidance on the outlook for interest-rate cuts.The current consensus...

Stocks fell sharply yesterday, ahead of Jay Powell’s testimony today. It would be great if Powell acknowledged how much financial conditions have eased and that easing conditions could undermine...

Asian share markets have had a mixed session today despite the falls overnight on Wall Street with volatile commodity prices and US politics overshadowing confidence. The USD remains slightly weak...

In late 2022, I often said that while I didn’t think it would be severe I figured we would have a recession in 2023 because we had never seen an energy spike at the same time that the Fed was...

Westpac’s latest Home Ownership report reveals 44% of Australians are planning to purchase a new property in the coming five years – up 9% in six months. Key points The number of first...

Measured by current prices, GDP growth through the year to December was 4.4%, but this doesn't take into account that prices rose 4.1% over the same time. Key points GDP growth was 0.2% through Q4,...

Overnight saw the release of the latest US ISM services PMI, which came in much softer than expected and led to a drop in the USD and bond yields. Wall Street still lacks confidence to move higher...