Morning Markets: Fed ripples rile markets
- UK: Labour Market Report (0830 GMT)
- US: Atlanta Fed Business Inflation Expectations (1400 GMT)
- Most Asian stocks gained in early trade as crude oil traded above $46/barrel
- Chinese stocks rose on new HK-Shenzhen exchange trading link
- Overnight regional Fed chiefs' hawkish comments disrupted market rally
- Both Dudley and Lockhart indicated US interest rates could be boosted
- NY Fed's William Dudley said markets were “too complacent” on the outlook
- The probability of a US hike by the end of 2016 edged up to 51%
- The MSCI Asia Pacific Index was up 0.2% in early trade
- BHP up 2.9% in Sydney trading after reporting a record full-year loss
- US home construction accelerated in July and US factory production increased
- Australian domestic wages quarterly growth 0.5%, in line with expectations
- QBE shares slump as much as 11.5% and CSL falls 6% after reporting profit slide
- JPY weakened in early trade to 100.43 per dollar, having risen as high as 99.54
- AUD edged up 0.1% to 0.77
From the Floor
JPY down, stocks up. "The Nikkei rallied 1% on verbal yen intervention," says Liu.
Metals retrace. "We are seeing inverted hammers on the gold, silver and platinum charts," says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
1... 2... 3
One of the first bits of hard data on Britain’s post-Brexit economic profile will be in and expectations are not high for good news, says James Picerno
Fed ups ante
When did Fed doves turn into hawks? In William Dudley's case, it seems to have occurred overnight, with a hawkish speech unsettling the markets, says Michael O'Neill
NZD versus RBNZ
The kiwi dollar seems to react in exactly the opposite way the Reserve Bank of New Zealand would like it to act, moving up as it eases monetary policy, as Max McKegg explains
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
Click here to make sure you're up to date with the latest developments.