Investors are weighing up what Friday's US jobs data mean for the Federal Reserve ahead of a key read of consumer inflation.
A stronger dollar kept gold pinned below $1,900, but a rosy demand picture kept oil at post-pandemic highs. Shares traded close to record highs.
Data on jobless claims, economic growth, and durable goods orders could move markets on Thursday.
Signs that the US recovery is slowing, the Fed's ultra-low interest rates, and rebounds in other countries are weighing on the dollar.
Most markets were shut for a public holiday, but a key read on the US labor market that could show the best jobs growth in six months was hours away.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.
European stocks jumped and US futures rose, although US markets are closed. WTI oil rose past $US60 for the first time since January 2020 as demand bounces back. Bitcoin fell from a record high of close to $US50,000 after surging the previous week. Sign up here for our daily newsletter, […]
Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospect of $US1.9 trillion in stimulus, but bitcoin has tumbled. Investors will get a first look at 4th quarter US GDP and the Federal […]
Bets against the dollar have risen to their highest level in close to a decade. The shorts against the dollar come despite the greenback rising around 0.6% this year. Analysts say Treasury yields have been the key driver and could cause dollar bears more pain. Signup here for our daily […]
US stock futures fall despite Joe Biden unveiling a $US1.9 trillion stimulus plan. Bonds and the dollar rose as investors moved into safer assets. US Federal Reserve chair Jay Powell sought to calm worries about bond-buying. US stocks were set to end the week on a downbeat note, despite President-elect […]
The US economy’s V-shaped recovery is “in tatters”, due to rising coronavirus cases and new restrictions, according to Yale economist and former Morgan Stanley Asia chair Stephen Roach. Roach said the dollar could drop around 20% this year, thanks to the growing US budget deficit and next-to-zero interest rates at […]
Stocks rose, boosted by investor optimism over the outlook for the economy, in light of an anticipated deluge of stimulus from a Democrat-led Congress. Democrats will vote on whether to impeach Donald Trump a second time over his role in the storming of the Capitol last week, but financial markets […]
US stock futures climbed despite unprecedented scenes of violence in Washington, DC the previous day, where Donald Trump supporters stormed Capitol Hill. Investors chose to look ahead to likely fiscal stimulus under Joe Biden and a Democratic Congress, after the party won two key runoff elections in Georgia. Bond yields […]
US stock futures fell along with the dollar as investors reacted to two crucial Democrat victories in the Senate in tight Georgia runoff elections Democrats Raphael Warnock and Jon Ossoff were projected to win their respective Georgia elections for Senate seats, handing their party majority control. Analysts said US tech […]
Global shares rose, buoyed by investor hopes that a successful COVID-19 vaccine rollout would cement economic recovery this year. The dollar fell to its lowest in almost three years against other major currencies, including the Chinese yuan, which sent gold to two-month highs and propped up oil, while Bitcoin traded […]
Global shares ease, but set to post record-breaking year, dominated by coronavirus, market turbulence and political uncertainty. US deal on stimulus and Brexit helped foster some risk appetite in holiday-thinned trade, in which a number of major markets remained closed. “The central focus for markets heading into 2021 is how […]
The dollar hit its lowest point since April 2018, pressured by investors pushing back into risk assets as COVID-19 vaccines reach the general population. The dollar index is set for its biggest fourth-quarter slide since 2003, having lost 4% so far. Major investment banks, economists and asset managers are predicting […]