Daily Market Commentary 5th October 2024
Non-Farm Payrolls beat forecasts last Friday, boosting equity markets, but flashing warning signs from the bond market. US Bond Yields are on the rise again,
Non-Farm Payrolls beat forecasts last Friday, boosting equity markets, but flashing warning signs from the bond market. US Bond Yields are on the rise again,
The drums of war are sounding over markets, sending a negative sentiment across markets, as equities dive and Oil prices jump higher. Israel now decides
The shock of the escalation in the Middle Eastern war, following the massive missile attack on Israel from Iran, subsided briefly. Markets now await the
The drums of war were beating overnight, as the Iranian Government launched missile attacks on Israel, expanding the war in the Middle East. The war
Chinese PMI data showed some improvement, but remained in contraction territory, although markets expect improvement following the monetary stimulus from the Peoples Bank of China.
Markets closed out a strong week, with confidence surging, on the back of Western Central Bank rate cuts. Recession in Europe has solved the inflation
Equity markets continue to build on record highs, fired by the Central Banks rate cuts, reducing the cost of money. Asian markets surged overnight, following
The OECD sharply upgraded the UK’s economic growth forecasts. The expected performance was expected to improve from 0.4% in 2024 to 1%, while 2025, the
The Peoples Bank of China stepped into the markets and added stimulus, in the form of reserve requirements for banks, by cutting rates by 50
Markets are still bathing in the Fed’s 50 basis point rate cut and equity markets continue to enjoy record highs. The focus will turn to
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