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IX INTEL - DISCOVER MORE Discover intel relating to your subject of interest
A Day of Resilience and Restraint in Global Stocks

The global stock markets displayed a notable equilibrium amid escalating inflationary pressures. The S&P 500, touching on historic highs, ultimately settled with a slight decline. In contrast, the Nasdaq Composite held its ground, closing unchanged, while the Dow Jones Industrial Average managed a modest gain, reflecting a broader sense of resilience in the face of economic uncertainties.

Market Trends Highlight Oil Rebound and Dollar Volatility

The current financial landscape is dominated by two significant phenomena: the robust recovery in oil prices and the fluctuating behaviour of the US dollar. These elements are crucial in dictating the flow of commodities, currencies, and broader market strategies.

Nasdaq Maintains Winning Streak to Mark Longest Rally Since January As The Dollar Impresses

In a display of resilience, the Nasdaq Composite rose steadily by 0.3%, achieving its longest consecutive rally since the beginnings of the year. The technology-heavy index, bolstered by a sector-wide optimism, not only reflects investor confidence but also the market’s adept navigation through economic headwinds.

US10Y Approaching 5%

Today, the financial markets continue to closely monitor the US 10-year Treasury yields as they edge closer to the 5% threshold. This ongoing climb in yields, which reached a new cycle high last night, has added further pressure to risk appetite.

Chinese data give AUD a lift

China’s data releases this morning showed some marginal signs of improvement, with retail sales, industrial production, unemployment, and Q3 GDP all printing better than expected. This gave the AUD a boost, and allowed traders to take some profit on AUDCAD longs from yesterday.

NZD drops on CPI data

AUDNZD Jumps on Weak NZ CPI Data and Hawkish RBA Minutes

NFP to end the 12 week dollar rally?

Yields and the USD are both in limbo since yesterday as markets brace for an important NFP.

Inflation Trade: What is It and How to Do It

Inflation trade describes the moves that institutional and retail investors can make in response to high inflation, to protect the value of their portfolios.

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