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Showing 211 - 220 of 2965 results for "Overnight"

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
Iron ore continues the uptrend that started in mid-June, reaching US$70.24 a tonne overnight. For the technically inclined, this puts iron ore in a bull market - defined as a 20% increase from its nearest bottom - that should encourage further prices ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
... back up to 42 bps. Commodity prices too are heading higher. The Bloomberg commodity price index has backed up to 82.69 overnight - a 4.2% gain from the June low - supported by improving outlook in China. China's latest data dump indicates rising momentum ...

The Trump risk on global trade

BENJAMIN ONG  |  FRIDAY, 14 JUL 2017
... GFC bottom of 764 in December 2008 or that of the European debt crisis' 706 in February 2012 - the BDI climbed to 859 overnight. The one major risk to the continued improvement in trade is Donald Trump and his "America First" policy. One that Trump reminded ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
... It was different across the border. The Bank of Canada's (BOC) decision to lift its benchmark rate by 25 bps to 0.75% overnight came as no surprise to financial markets. This was telegraphed in late June by BOC chief Stephen Poloz when he commented that ...

Hawkish central banks? Not the BOJ

BENJAMIN ONG  |  FRIDAY, 7 JUL 2017
... money is nigh. But while yields on 10-year bonds have risen sharply - US Treasuries were up 23 basis points to 2.37% overnight from 2.14% at the close of the week ended 23 June (before hawkish comments); Eurozone bonds up 31 bps and UK gilts up 28 bps ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
... day of FY2016-17 with an EOFYS (end of financial year sale) gauging from the heavy selling on Wall Street and Europe overnight. The S&P 500 index closed 0.9% lower last night (the Nasdaq even more, down 1.4%) while the Stoxx Europe fell by 1.3%. [To ...

The Fed's inflation and asset price conundrum

BENJAMIN ONG  |  WEDNESDAY, 28 JUN 2017
... Treasuries and TIPS (Treasury Inflation-Protected Securities) have clearly trended lower. The differential stood at 1.7% overnight, down 1.94% at the start of 2017 and this year's high of 2.07%. The IMF's recent downgrade of its US economic growth forecast ...

Good oil, bad oil

BENJAMIN ONG  |  FRIDAY, 23 JUN 2017
... Intermediate (WTI) and Brent dropping by more than 20% from this year's highs. WTI oil edged up a little to US$42.73/barrel overnight after dropping to 10-month low of US$42.51 the day before - down 21.6% from the 2017 peak of US$54.48 reached in February. ...

Eurozone gaining momentum

BENJAMIN ONG  |  THURSDAY, 22 JUN 2017
... months." Brent oil was trading at around US$50 per barrel before the ECB's June meeting. It closed at US$44.68/barrel overnight. Not a good indication for inflation. "At the same time, measures of underlying inflation remain low and have yet to show ...

BGL partners with Link for automation

EMMA RAPAPORT  |  TUESDAY, 30 MAY 2017
... reconciled on a quarterly basis or any other time required by the SMSF as part of a compliance check, automatically overnight. "Automating the reconciling of holding balances with share registries, the single source of truth, provides our clients with ...