Topic: Daily Market Updates
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The year of US outperformance ends
Stellar GDP report, focus turns to PCE. ECB holds rates as expected. Stronger consumer that spends less.
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Equities soar on PMI, China news
US activity holds up as China helps sentiment. EZ PMIs give ECB a lot to think about. GBP anchored around $1.27 and €1.17.
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Dollar steady before PMIs and BoC
Regional equity divergence. EZ lending conditions to tighten further in Q1. CAD remains steady ahead of BoC.
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BoJ holds still, China intervenes
BoJ to end negative policy in Q2? EUR steadies at $1.09. Pound rises on lack of news.
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Easing bets falter, equities don’t care
Dollar up against everything in 2024. Euro below $1.09 as Europe underperforms. From hard to soft macro data.
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Investors questioning rate cuts in Q1
US data closes out a stellar week. EUR catches a breath. Weak data, muted GBP/USD, strong pound.