Markets await FOMC rate decision today
June 16, 2021Asian stocks, US and European futures saw muted trading on Wednesday as investors awaited a policy decision from the Federal Reserve. Focus will be on the Fed members’ projections, or dot plots,…
Turkish assets lower following US-Turkey meeting
June 15, 2021US stocks closed mostly high even as treasury yields rose; 10Y yields closed 0.04% higher at 1.4940%. The NASDAQ continued its ascent closing 0.74% up while the S&P gained 0.18%;…
Treasuries dip with the focus on FED
June 14, 2021US bonds yields are trading near three-months lows as investors expect the Federal reserve to maintain the dovish stance at the FOMC meeting this week, while global shares are holding…
Market shrugs off US CPI overshoot
June 11, 2021US stocks closed higher even as US inflation overshot expectations; YoY print came at 5.0% against an expected 4.7%. The NASDAQ led gains up 0.78% while the S&P and the…
All focus on U.S inflation data
June 10, 2021All eyes/focus would be closely kept on the US inflation data which is due today. As at yesterday we saw the 10-year Treasury yield extend a slide below 1.5%, signaling support for…
Angola rules out a eurobond sale this year
June 9, 2021Despite data showing an increase in job openings in the US, which did not spur significant concern about inflation, the S&P 500 traded near record territory on Tuesday before retreating…
Heating Russian inflation raises expectations for aggressive rate hike
June 8, 2021US stocks started off the week on a soft note with the Fed tapering back to the fore on investor minds; this followed comments by Treasury Secretary Janet Yellen on…
Sluggish start of ECB week
June 7, 2021We start this week with positive data on Chinese imports that grew at their fastest pace in 10 years in May due to rising commodity prices. After a benign US…
Close attention to the economic data releases
June 4, 2021The weekly data showed a continued recovery in the labour market leading to a fall in US stocks as investors closely watched any potential policy shifts from the Fed. The…
Inflation anxieties reappear as the reflation theme dictates market…
June 3, 2021The US equity market recorded marginal gains on Wednesday as the economic recovery strengthens and inflationary pressures dominated market sentiments. Stocks in the communication, consumer discretionary and materials segment were…