It was a slow-paced session, with broader markets remaining stable. In the last two days, equities have risen slightly, but Treasury yields have also risen. 10-year rates have risen somewhat but remain just below 1.30 % for the time being.…
Continue ReadingWeekly oil inventories in the United States Prior to that, it was +6866K Gasoline +1039 vs -1786K experience. +3657K for distillates vs. +0.877K for exp Refinery utilization -0.4% vs. +0.5% in the previous year Cushing -1589K Late yesterday, API…
Continue ReadingGBP is remains weak after yesterday's BoE disappointment, while NZD is strong due to Eamonn's earlier report on positive trade balance and employment figures. Risk on tones were felt across markets when the market opened with gousto due to President…
Continue ReadingThe dollar is stronger, but most currencies are close together ahead of Powell's speech. The NZD is the strongest currency in the North American session, while the GBP is the weakest. With the exception of the New Zealand dollar, the…
Continue ReadingUS Stock index futures erase overnight losses, new point to higher open as busy week kicks off: S&P 500 E-mini futures up 0.5%, NASDAQ futures, DOW futures up 0.6% Apple is being investigated by the German cartel office Oil rose…
Continue Reading
