Daily Reports

  • Daily Report 3 February 2023

    January 3, 2023

    US stocks were mixed on Thursday, ahead of US labour market data scheduled for tonight. Government bond yields generally fell, with particularly sharp declines in Europe, amid the impression among market participants that the ECB and Bank of England softened their language on the future tightening as inflation eases.

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  • Daily Report 2 February 2023

    February 2, 2023

    US stocks drifted sideways for most of the trading day, before surging on Fed Chair Jerome Powell’s comment during his press conference that disinflation is already underway. This comment added fuel to speculation that the US tightening cycle is about to conclude.

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  • Daily Report 1 February 2023

    February 1, 2023

    US stocks surged overnight, supported by good earnings reports and a slowdown in employment cost growth. Government bond yields declined slightly in the US and Australia. The Australian dollar depreciated in reaction to a slight decline in RBA cash rate expectations after a massive downside surprise to the domestic retail sales numbers. The ASX 200 ebbed 0.1% yesterday, before opening 0.6% up this morning.

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  • Daily Report 31 January 2023

    January 31, 2023

    The rally in the US equities came to a halt overnight, as investors await the Fed decision and earnings from the largest US companies.

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  • Daily Report 30 January 2023

    January 30, 2023

    US stocks saw slight increases in prices on Friday, which followed modest gains in Europe and mixed results in the Asia-Pacific.

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  • Daily Report 27 January 2022

    January 27, 2023

    US stocks rose overnight on a slight upside surprise to US GDP numbers. The AUD appreciated against all the major currencies, after the stronger-than-expected increase in Aussie CPI inflation caused a rise in RBA cash rate expectations.

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  • Daily Report 25 January 2023

    January 25, 2023

    US stocks closed mixed overnight, as the flash S&P Global PMIs suggested that the pace of contraction in the US has narrowed somewhat and growth in cost pressures has re-accelerated.

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