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  • Article / Yesterday at 23:59 GMT

    Today's Trade: ASX slips as industrial shares falter

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: ASX slips as industrial shares falter
    The AUD has been moving steadily higher with fears gathering that it was overvalued at USD 0.77, but it has eased in early trade. As for the ASX, Brambles fell heavily as the bourse opened, outweighing some initial strength manifesting in the banks. Up 20 points at the very start of the day the ASX/S&P 200 was down 10 within the first 30 minutes.
    Read the article
  • Squawk / Friday at 21:19 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Quiet trading Friday in the US ahead of a long weekend (markets closed Monday for President’s day)

    The S&P 500 made a small gain, USD index rose (mainly because of a weak EUR); bond yields were down a touch.

    Note in the chart below that the USD index is not reacting to the rising prob. of a March 15 rate hike. Since 1994 the Fed has never moved unless market pricing in the lead up was at least 75%. Today March is priced at only 40%. Even June is marginal.

    But plenty of Fed speakers next week with a chance to “guide” the market.

    Meanwhile Pres.Trump is promising more “tremendous” announcements.

    The second chart shows the US fed funds curve in a global context. Only the Reserve Bank of New Zealand is priced to follow a similar track to higher rates.
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    19h
    Jim Earls Jim Earls
    I would argue that the PE in the 40's during 2000 was an aberration due to a 1st stage bubble of three being focused into only...
    9h
    seas seas
    I would tend to agree with that. There are new efficiencies and economies of scale to take into account though.
    8h
    seas seas
    And that can feed the monkey.
  • 2d
    seas seas
    Ditto on that.
    2d
    Hisham Boulos Hisham Boulos
    Totally agree the media like mad dogs against Trump while I guess his doing a better job than Obama looking after his people and country ..
    2d
    Stephen Pope Stephen Pope
    A well written executive summary.
    Puts the gyrations firmly in context.
  • 2d
    Martin O'Rourke Martin O'Rourke
    Consumer spending did indeed slide in the UK during January by 0.3% month-on-month after a 1.9% fall m/m in December. It supports the thesis that a post-Brexit...
  • 3d
    Market Predator Market Predator
    Hello APAC guys, thanks for your services. I just want to ask you if there will be MacroMonday broadcasting next week? Last session Mr. Andrew XY (or...
    1d
    ANBR ANBR
    HI MP. There will be a Macro Monday call tomorrow usual. Andrew will host in KvPs absence.