Takaichi’s landslide election win revives reflation trades, lifting stocks but renewing pressure on the yen as officials warn intervention remains firmly on the table. Yen is weaker in very early trade: As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around,…
DBS Group Research report, authored by Radhika Rao, reports that Moody’s has changed Indonesia’s rating outlook to ‘negative’ from ‘stable’ while affirming the Baa2 rating. The agency cited concerns about reduced predictability in policymaking and increased spending without corresponding revenue generation. The report emphasizes the potential for a downgrade if policy actions do not improve over the next 12-18…
U.S. jobs and inflation data dominate after government shutdown delays, while RBA’s hawkish hike aftermath, European GDP prints, and China deflation fears complete a volatility-packed week.
Headlines: Markets: Precious metals bounce back, US futures cover early losses, Bitcoin rebounds Silver up 4.1% to $74.18 after the low in early Asia hit near $64 Gold up 2.3% to $4,882 in less volatile trading S&P 500 futures up 0.5% as tech shares bounce back, Amazon down 8% in pre-market though Bitcoin up over 5% to above $66,000…
The Canadian Dollar (CAD) climbed sharply on Friday, adding half a percent against the US Dollar (USD) after January labor market data showed the unemployment rate dropping to 6.5%, its lowest reading since September 2024. The Loonie found support despite headline employment falling by 25,000, as a sharp decline in labor force participation drove the jobless rate lower. USD/CAD…
There’s a risk that we draw too much comfort from dip in inflation in April Inflation falling to target earlier is good news Policy must address any remaining persistence Private sector growth is subdued but positive The labor market has eased quite significantly We should not overinterpret changes to growth outlook in February BoE forecasts The latest pay intentions…
Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.
There was no government shutdown to delay the Canadian employment data so it gets the Friday morning spotlight all to itself. Employment change: -24.8K vs -5.0K estimate, +8.2K prior Unemployment rate: 6.5% vs 6.6% estimate, 6.8% prior Full-time employment change: +44.9K vs +50.2 last month Part-time employment change: -69.7K vs -42.0K last month Participation rate: 65.0% vs 65.4% last…
The US Dollar (USD) saw little movement this week after markets assessed the United States (US) President Donald Trump’s nomination of Kevin Warsh, a former member of the Federal Reserve (Fed) Board of Governors, as the next Fed Chair, and the partial US government shutdown that pushed employment and inflation data to next week. The shutdown was ultimately resolved…
Comments from a spokesman for Iran’s foreign ministry: US-Iran talks are over “for now” A reporter from State TV says unsure when talks might restart Keep an eye out for Iran headlines. Oil is current nearly flat, down 13 cents to $63.16. I’d estimate there’s at least at $3 gepolitical premium in oil at the moment. Here is a…
