China’s lending data points to rebound in commodities – ANZ

Analysts at ANZ noted that, once again, the lending data in China proved to be stronger than expected, with corporate loans rising strongly. Key Quotes: "In the near term this will continue to boost growth in China and will mean that the appetite for commodities will remain strong, and price ...

Japan Money Supply M2+CD (YoY) unchanged at 4% in December

AUD/USD capped through 0.75 handle, consolidating the Trump USD sell-off

Currently, AUD/USD is trading at 0.7481, down -0.15% on the day, having posted a daily high at 0.7496 and low at 0.7481. AUD/USD has been capped through the 0.75 handle after reaching 0.7520 overnight before the greenback started to rebound in a minor correction while the DXY was 0.6% down o ...

Mexico stocks higher at close of trade; IPC up 0.28%

Investing.com – Mexico stocks were higher after the close on Thursday, as gains in the Materials, Consumer Staples and Financial Services sectors led shares higher. At the close in Mexico, the IPC gained 0.28%. The best performers of the session on the IPC were Grupo Mexico, S.A.B. De C.V. ...

Economic wrap – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "US jobless claims were 247k in the week to 7 Jan (vs 255k expected). Import prices rose 0.4% in Dec (vs 0.7% expected) while export prices rose 0.3% (0% expected). Fed speakers included Harker (3 hikes in 2017 appropriate), Evan ...

Gold fails on the 1200 handle; bullish tone above 50 SMA

Currently, Gold is trading at 1196.34, up +0.39% on the day, having posted a daily high at 1206.91 and fresh low at 1190.99. Gold took off as market participants allocate more into precious metals to hedge their inflation exposure.  "While the uncertainties are sending retail investor ...

New Zealand Electronic Card Retail Sales (MoM) unchanged at -0.1% in December

Wall Street down in the red as Trumpflation trades unwind

Wall Street finished in the red on Thursday on the back of the Trump's news conference on Wednesday that failed to deliver anything concrete for markets in respect to Trump's plans for fiscal policy. There has been a shift in the markets in respect to Trump and stocks have begun t ...

EM Equity Outlook – BBH

Analysts at BHH shared their views on Emerging Markets, "We continue to think that investors will continue to differentiate within EM, favoring those countries with stronger fundamentals. This environment should make a fundamentally-based allocation model such as ours much more accurat ...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.47%

Investing.com – Canada stocks were lower after the close on Thursday, as losses in the Consumer Discretionary, Energy and REITs sectors led shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.47%. The best performers of the session on the S&P/TSX Composite were Corus ...

USD/MXN pauses at 21.56; Who pays the border wall?

Currently, USD/MXN is trading at 21.81, down -0.23% on the day, having posted a daily high at 21.96 and fresh low at 21.56. Reuters reports, "The exchange rate today reflects a very pessimistic outlook on our ability to attract investment," said Mexico's finance minister Jose Antoni ...

Argentina promises to subsidize oil production from shale

Investing.com - A major new pact between the oil and gas industry, labor unions, and the political leadership in Buenos Aires is preparing the way for new investment in shale oil and gas in Argentina. News of the new accord comes as the price of crude oil today hit $53.12 on intraday trading up ...