March 17, 2016
Good morning! Yesterday the FED left interest rates unchanged at 0.5%. All further interest rate hikes have been put on hold for the time being after fears of a slowdown in China and falling oil prices affected investors. The global economic situation continues to pose risks which results in inflation expected to remain low for… View Article
March 17, 2016
The FOMC last night kept the federal funds target rate unchanged at 0.50% and revised down the number rate hike expected in 2016 from 4 hikes to just 2 hikes and expects rate to be at 0.875% at the end of the year. FOMC sees rate at 1.875% by 2017 and 3% in 2018. The… View Article
March 17, 2016
Morning all.. Quite a session after the Fed left rates unchanged and in fact came across surprisingly dovish. US stocks liked it with the S&P closing up 0.56% but the dollar didn’t and it fell sharply. However Asian stocks were mixed with the Nikkei down 0.22% and some suggesting the steep fall in Toshiba the… View Article
March 16, 2016
Morning all.. Wall St was on hold as we wait for the FOMC meeting tonight and the S&P closed marginally lower. Asia was a little weaker with the Nikkei down 0.8% and HK down 0.4% but China up 0.5%. Oil is almost 1% higher and US yields marginally lower in Asia so a relatively quiet… View Article
March 14, 2016
Morning all.. Wall St had a solid close Friday with the S&P up 1.6% and Asia also nudged higher with the Nikkei up 1.74% HK up 0.8% and China up 1.5% at present. WTI is slightly lower and US 10yr yields about unchanged. Gold a little higher. Central banks dominated the week last week and… View Article
March 11, 2016
What a week it has been! On Wednesday the Reserve Bank of New Zealand (RBNZ) cut its interest rates for the fifth time since June last year by 25 basis points to a record low of 2.25%. The reason for this surprise move was due to the global growth slowdown and weaker demand from China, one… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy