Daily Market Commentary

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Friday April 9th, 2021

Equities are mixed near record highs, oil dips, while US$ and US yields recover ahead US PPI data. A risk-off mood returns after a disappointing US jobless claims which increased to 744k, holding above the 700k for a second week. The Fed chair delivered a hawkish message and reiterated the bank’s ...
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Thursday April 8th, 2021

Oil prices slightly weaker, equity markets mixed, US$ flat & US yields unchanged ahead of Fed Chair’s speech and US initial jobless claims. The FOMC meeting minutes reflected the Fed’s commitment to continue to support the US economy beyond the current economic rebound. The Fed Chair Powell ...
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Wednesday April 7th, 2021

Oil prices fluctuating, equity markets mixed, US$ and US yields are flat as markets await the release of the Fed meeting minutes & US infrastructure plan update today. The Fed meeting minutes will be scrutinized for hints about policymakers’ views on rising yields, inflation, and possible time...
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Tuesday April 6th, 2021

Equity and oil markets are stronger, while the US$ weakens and US yields dip as risk-on sentiment improves. The US economy continues to strengthen as seen by Mondays US ISM Services PMI for March which hit a record high for America’s largest sector. Chinese Services PMI reported today also beat ex...
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Monday April 5th, 2021

The US$ and US yields hold flat, oil prices drop, while equity markets strengthen as optimism grows following Friday’s strong US employment report. US Dems strive to push their US$2T infrastructure plan forward, but say they are open to debate with Reps on funding. The White house administration p...
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Friday April 2nd, 2021

The US$ index and US yields holds steady, while Oil prices advance 3% overnight. The primary focus for markets today will be March’s US Nonfarm Payrolls with expectations of +600k new jobs which would be the highest since October (a normal NFP is 200k PM). Thursdays Initial jobless claims disappoi...
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Thursday April 1st, 2021

Equity and oil prices up, US$ is flat while US yields dip ahead of US Jobless Claims and US Manufacturing PMI data. Focus shifts to US weekly initial jobless claims which are expected to extend their fall beyond last week’s post-pandemic low of 684k. Also critical today will be the US ISM Manufact...
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Wednesday March 31st, 2021

Oil prices & US$ dip, US yields are flat, while equity markets are mixed amid quarter end rebalancing. The key focus for markets today will be on President Biden who is set to unveil his first US$2.25T job and infrastructure spending plan. The plan aims to revitalize transportation infrastructur...
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Tuesday March 30th, 2021

Equity markets mixed, oil prices weaker while US$ and US Treasury yields strengthen ahead of President Biden’s speech on infrastructure spending. Markets remain focused March 31st when President Biden is expected unveil the details of his plan US$ +3T infrastructure plan. Anticipation of more...
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Monday March 29th, 2021

Equity markets are mixed, US$ and Oil prices tick higher while US yields ease as risk-off sentiment resurfaces. Safe haven buying is increasing in response to hedge fund liquidations, rising covid cases in France & Germany and residing Brexit concerns. Financial institutions warn of significant ...
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