Australia’s January CPI delivered a double beat — headline inflation held firm at 3.8% year-over-year while the trimmed mean rose to its highest level in 16 months — but a chaotic macro backdrop made the post-event price action anything but straightforward. Which of our four Aussie strategies managed to move beyond the watchlist stage, and how much did geopolitical…
Sun: OPEC Meeting Mon: German Retail Sales (Jan), Final Manufacturing PMIs (Feb), US ISM Manufacturing PMI (Feb) Tue: Japanese Unemployment (Jan), EZ Flash HICP (Feb), US RCM/TIPP (Mar), UK Spring Statement Wed: Australian GDP (Q4), Chinese NBS PMIs (Feb), Swiss CPI (Feb), Final Composite/Services PMIs (Feb), EZ Unemployment (Jan), PPI (Jan), US ISM Services PMI (Feb) Thu: ECB Minutes…
United States Baker Hughes US Oil Rig Count dipped from previous 409 to 407
The US and Israel struck Iran Saturday, killing its Supreme Leader. This week, the Strait of Hormuz, an oil shock, and NFP Friday dominate every trade.
Prior was +2.6% GDP -0.2% q/q vs +0.6% prior Real GDP increased 1.7% in 2025 Exports rose 1.5% in the fourth quarter, after increasing 0.9% in the third quarter. Imports rose 0.3% December GDP +0.2% The number might not be as bad as it looks as the fourth quarter decrease was largely due to withdrawals of business inventories following…
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Friday as the Greenback reverses earlier gains despite stronger-than-expected US Producer Price Index (PPI) data. At the time of writing, AUD/USD is trading around 0.7112 and is on track for an eighth consecutive week of gains. The headline PPI rose 0.5% MoM, beating the 0.3% forecast, while…
The USDCHF is moving lower in North American trading, pressured by a softer US dollar backdrop as risk sentiment deteriorates. US equities opened sharply lower, with the S&P 500 down 0.78% and the NASDAQ falling 1.08%. At the same time, US yields are declining despite higher-than-expected PPI data, signaling markets are looking past inflation strength for now. The 10-year…
The Pound Sterling (GBP) drops some 0.10% on Friday as the Greenback is underpinned by a hot inflation report in the US, which prompted investors to price in a less dovish Federal Reserve (Fed). Also heightened risks in the Middle East weighed on the GBP/USD pair, which trades at 1.3469 at the time of writing. Sterling eases as firm…
Sector Overview The stock market today showcases a complex tapestry of trends and fluctuations. The technology sector is under significant pressure, with major players like Microsoft (MSFT) down by 2.63% and Nvidia (NVDA) witnessing a 2.24% decline. Notably, Broadcom (AVGO) is also down by 3.11%, pointing towards a widespread downturn within the tech space. On a brighter note, energy…
Societe Generale’s Kunal Kundu reviews India’s FY27 Union Budget, highlighting policy continuity and fiscal consolidation in a context of geopolitical strains and currency weakness. The note flags modest allocations to employment schemes, questions execution of six focus areas, and warns that without stronger revenues, capital expenditure may again be cut to meet the 4.3% of GDP deficit target. Fiscal…
