Asian shares rose for the first time in four days, mirroring gains in the US that placed the S&P 500 index on the brink of a bull market. A regional stock gauge gained 0.4% with advances in Australia, Japan and South Korea after the S&P 500 index climbed for a sixth straight day. Treasuries were … Read more
The Australian and New Zealand dollars kept a rally alive on Wednesday as markets pondered the outlook for interest rates ahead of some key inflation reports. The Aussie firmed to $0.6735, having added 0.4% overnight. It faces resistance at $0.6750 ahead of the recent seven-week top of $0.6808, while support lies at $0.6681. The kiwi … Read more
Global bond markets have declared that the steepest global monetary tightening campaign in a generation has nearly run its course. In the span of days, traders have dramatically unwound bets on further rate hikes and current pricing shows the Federal Reserve is likely going to increase rates twice more at most. It’s a similar picture … Read more