Daily Market Commentary 28th June 2022
The huge recovery rally last week on Wall Street, stalled overnight, with markets searching for direction. The G7 met in Germany, while NATO meets in
The huge recovery rally last week on Wall Street, stalled overnight, with markets searching for direction. The G7 met in Germany, while NATO meets in
UK PM Boris Johnson suffered further political humiliation overnight, with heavy losses in two key By-Elections, followed by the resignation of the Conservative Party Chairman.
The Fed Chairman Powell appeared before Congress overnight and reiterated their commitment to the war on inflation and also recognised the potential for a recession.
The UK inflation number blew away some more records, coming in at 9.1%, topping estimates. The UK is in complete turmoil at present, amidst an
US Equities stormed back overnight, not because of any key economic data trigger, but as a rebound from the recent unravelling of risk appetite. This
US Markets were closed for a public holiday, allowing an extra day of consideration, following the mayhem of the previous week of trading. Central Bank
The Bank of Japan remains the odd-one-out, amongst major Central Banks, maintaining record low rates and increasing the QE purchases of Government Bonds. Japan appears
The Bank of Japan remains the odd-one-out, amongst major Central Banks, maintaining record low rates and increasing the QE purchases of Government Bonds. Japan appears
Global equities turned heavily negative overnight, following Central Bank actions raising interest rates, to combat rampant global inflation. The Fed raised by 75 basis points,
The Fed raised rates by 75 basis points, the most in nearly 30 years, clearly shocked by the latest inflation number. The inflation number was
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