US inflation surprised to the upside in January – ANZ

Analysts at ANZ noted that the US inflation surprised to the upside in January, with higher energy prices being a significant driver of the solid increase in headline CPI. Key Quotes: "Strong above-trend growth and limited spare capacity are providing greater confidence about the return on ...

Japan Machinery Orders (YoY) below expectations (2.2%) in December: Actual (-5%)

Japan Machinery Orders (MoM) registered at -11.9%, below expectations (-2.3%) in December

Forex today: what a day, the start of the demise of the dollar?

It was a mixed picture today in Forex and price action that needed some diagnostics to cognize it all.  Firstly, the markets have been pricing in three rate hikes from the Fed in 2018 but have been adjusting to the recent anticipation of inflationary pressures since last month' ...

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.99%

Investing.com – Mexico stocks were higher after the close on Wednesday, as gains in the Telecoms Services, Consumer Goods&Services and Materials sectors led shares higher. At the close in Mexico, the S&P/BMV IPC rose 0.99%. The best performers of the session on the S&P/BMV IPC were ...

Overnight market’s wrap: US bond yields rose steeply – Westpac

Analysts at Westpac noted the events and price action in global marks overnight. Key Quotes: "US bond yields rose steeply on stronger than expected inflation data, though retail sales were weak. The US dollar bounced initially then surrendered its gains. This saw AUD/USD rally >1 cent fro ...

Peru stocks higher at close of trade; S&P Lima General up 1.95%

Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Mining, Services and Electricity sectors led shares higher. At the close in Lima, the S&P Lima General rose 1.95%. The best performers of the session on the S&P Lima General were Panoro (LM:PML), which ...

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow 1. Wholesale Inflation, Manufacturing, Labor Data Thursday ushers in a deluge of economic reports which could either add to the narrative of strengthening US economy or dent investor expectations for solid first ...

Canada stocks higher at close of trade; S&P/TSX Composite up 0.78%

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Materials, IT and Energy sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.78%. The best performers of the session on the S&P/TSX Composite were Colliers International ...

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.03%

Investing.com – U.S. stocks were higher after the close on Wednesday, as gains in the Technology, Financials and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 1.03%, while the S&P 500 index gained 1.34%, and the NASDAQ Composite index ...

NZD/USD: more to go in the blue-sky rally?

NZD/USD bulls are gunning for a test of the 0.74 double top highs. NZD/USD RSI and momentum leaning bullish on 4hr and daily time frames.  NZD/USD rallied from 0.7240 on the turnaround in the greenback with the DXY dropping to 89.038 from above the psychological 90 handle and i ...

NZ REINZ Housing Market Statistics – ANZ

Analysts at ANZ reviewed today's NZ REINZ Housing Market Statistics. Key Quotes: "The bottom line National sales volumes bounced 3.5% in January to their highest monthly total since March 2017 (seasonally adjusted). However, days to sell increased and house prices were pretty flat o ...

Wall Street clinches strong gains after initial slump

All of the three major indexes added over 1% each after a three-digit pre-opening slump. Tech-related equities led the way higher, disappointing retail sales helped. Wall Street closed the day with strong gains, with indexes at their highest in a month, reverting a pre-opening huge slump. Th ...

GBP/USD: Cable soared on plunge in USD

GBP surged on broad USD weakness. Market is concerned about Brexit effects on UK economic growth. GBP/USD is now trading around 1.4002, in late New York session,  with the pair soaring by over 0.80% and hovering around  its daily high on a plunge in the greenback  ...