Category: Blog

Economy Update Although Wall St handed over strongly after EU tariff moratorium and a beat in US Consumer Confidence, APAC and Europe remain contained with few fresh drivers and drift. A poor showing in Japan’s long-dated bonds saw the Nikkei back off and questions of global fiscal stress catch some news. FOMC minutes will be…

Greetings everyone, We open this holiday week on the positive side in the US markets, as they seek to make back Friday losses. Along with this, we have the much-anticipated earnings reports coming from Nvidia after market close on Wednesday. Nvidia has been a highly volatile equity as of recent, being very susceptible to swings…

Economy update After announcing a 50% import tax on EU goods, the US president delayed the implementation of punitive measures until July 9. The move is in line with recent capricious policymaking and sent bond yields sharply lower, equities higher. The dollar is trying to recover. The index, which measures economic sentiment in the common…

Economy update The US tax and spending bill cleared the House floor yesterday by the margin of one vote in a major victory for President Trump. A variety of taxes will be slashed, federal budget cut and military spending and border reinforcement boosted. Investors are demanding higher yields to finance the growing deficit. The German…

Economy update Business activity in the euro zone took an unforeseen U-turn. Its index, compiled by S&P Global slipped to 49.5, down from 50.4 in April. On the brightish side, German business sentiment improved in May, the latest Ifo survey shows. US equity and bond investors are cautious ahead of the vote in the House…

Economy update Consumer prices rose faster than expected in April in the UK. Inflation surged 3.5%, up from 2.6% in March. The main culprit is the jump in airfares over Easter. Japanese shipments to the US fell in April, a clear sign of the impact of US tariffs. Total Japanese exports increased by 2%, in…

As we progress through another slow week of earnings reports, one noteworthy one comes from Target (TGT) Wednesday before the markets open. Target has struggled recently, as their foot traffic has been on a steady decline for the last 10 weeks, and they are being wrecked by their competitors, Walmart, Amazon and Costco. Additionally, their…

Equities are in a holding pattern even with China cutting 1-year Loan Prime Rate by 10bps in a stimulus move and Australia’s RBA cutting rates by 25bps. It is not enough to counter the conservative chat from FED speakers yesterday with hawks suggesting only 1 cut this year and all point to erratic tariff policies.…

Economy update A plethora of negative economic data over the weekend and this morning has led to the souring of investors’ sentiment and to an elevated level of anxiety about economic growth. Rising government debt and budget deficit precipitated US downgrade, something that the White House dismissed. Chinese retail sales came in under expectations. The…

Fairly quiet Friday docket and little tariff talks sees bourses contained but with a positive bias. Slower US Retail Sales and PPI now sees 2 FED cuts being priced in for 2025 which skids the USD and favours bourses although tech has been bothered by META issues on AI. Tariff concerns blamed for Japan’s real…