Blackrock has come out with his latest note on macro perspectives and makes a compelling argument: inflation is largely being driven by supply shocks, not fiscal policy, and raising interest rates is not the solution. This was largely caused by manufacturing shortages and a shift in consumer spending towards goods rather than services. We’ve heard it all before, and it’s […]

GBP/JPY was down 0.7% on Friday, falling from above 155.00 to around 154.00. Risk-off flows and weak UK data weakened sterling, while safe haven demand and lower global bond yields strengthened the yen. GBP/JPY fell sharply on Friday and sharp falls in global stocks and commodities weighed on risk-sensitive currencies like sterling, while a sharp fall in global bond yields […]

The world’s leading streaming services and production company NETFLIX (#Netflix) with a market cap of $239.57 billion, is expected to report its fourth quarter 2021 financial results and business outlook Thursday, January 20, 2022 after market close. The report is prepared for the fiscal quarter ended December 2021. In the third fiscal quarter of 2021, ended March 30,th September 2021 […]

European equity markets are sold out across the board, as global equity markets came under pressure from rising yields and heightened expectations, hitting technology stocks in particular. In this environment, strong data releases only add pressure rather than lift sentiment on stocks and the GER30 and UK100 are currently down -1.2% and -0.8% respectively. Core EGBs were little changed, with […]

Equity markets fell (Nasdaq -2.6% while VIX rose +5.22%). Financial and pharmaceutical companies led the slide, U.S. dollar more firmly supported by high Income – the main market driver. US 10-year bonds 1.85%, German 10-year highs to May 2019 as UK and German inflation hit 30-year highs. oil higher again, gold keeps circling. The pressure on the British Prime Minister […]

The weakest start to the new year since 2009 for the US Treasury market continues to undermine equities and support the USD as yields continue to rise.   The Market Week – January week 3 The markets are now in focus inflation and the central banks. Treasuries continue to make a stormy start to 2022 and the move in yields […]

USDCAD Canada’s CPI got on 4.8% Pace in December from the growth rate of 4.7% in November. CPI fell 0.1% after gaining 0.2% in November. The average of the three core CPI measures of the BoC was 2.9% in December compared to 2.8% in November. Key annualized trimmed CPI reading rose 3.7% from expectations of an “unchanged” reading at 3.4%. […]

Equity markets fell again (Nasdaq -1.15%) Financial and technology companies led the decline, U.S. dollar slipped like Yields – slides from highs, oil higher again, gold The day’s asset rose to $1842, helped by more hot inflation data from Germany, UK and Canada and strong US housing data. China cut mortgage rates and lifted Asian markets (Nikkei +1.11%). Lagarde: The […]

GBPUSD, daily GBPUSD raised 1.3636 during the European morning but remains in yesterday’s range and tested the key 1.3600 even. The rise in yields has fizzled out for now and with Treasuries outperforming core European markets, the dollar struggled during the European AM. The fact that British Prime Minister Johnson has managed to hold on despite the heated debate over […]

Microsoft Microsoft, the second largest company on Wall Street by market capitalization (after Apple) and developer of the Windows operating system and office suite, is expected to report its results for the quarter ended December 2021 Tuesday, January 25th, after market close. Zacks forecast sales for the quarter at $50.32 billion, above that $43.08 billion in the same period last […]