Daily Market Commentary

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Thursday March 10th, 2022

The US$ & oil prices firm, equity markets fall, while US yields are mixed as risk sentiment eases. Russia-Ukraine cease-fire talks in Turkey failed to make progress, while Ukraine Aid package passes house as lawmakers say more needed and US abandons plans to transfer Polish MiG-29s to Kyiv. Mark...
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Wednesday March 9th, 2022

The US$ & oil prices dip, equity markets and US yields firm as risk-on sentiment cautiously return. Late Tuesday Ukraine President Zelensky said he is no longer pressing for NATO membership and said he was open to ‘compromise’ on the status of two breakaway pro-Russian territories. The headl...
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Tuesday March 8th, 2022

The US$ dips, oil extends gains, equity markets are mixed, while US yields firm as markets are rattled by the push for Russian oil ban. The US reaches an outline of a bipartisan deal to ban Russian oil imports to the US. Russia threatens to cut gas supplies to Europe in retaliation to global sanctio...
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Monday March 7th, 2022

The US$ & oil prices continue to rally, equity markets fall, while US yields firm as risk-off sentiment intensifies. The risk of a US & European ban on imports from Russia and delays in Iran’s talks are boosting commodity prices increasing the threat of stagflation to world markets. Commod...
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Friday March 4, 2022

The US$ hits a 2-year high, oil gains, equity markets and US yields are down amid intense risk-aversion. Global outcry after Russia seizes Ukraine’s largest nuclear power station, breaking trust in the Kyiv-Moscow peace talks. European equities drop to 1-year lows, Wheat futures rise 40% week ...
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Thursday March 3rd, 2022

The US$ extends gains, oil continues to rally, equity markets weaken, while US yields are mixed as risk sentiment sours. The US$ holds near 2-year highs, Aluminum hits record highs, while oil, coal, palm oil and wheat hit decade plus highs as the Ukraine war & Russian sanctions disrupt raw mater...
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Wednesday 2nd March, 2022

The US$ is steady, oil rallies, equity markets & US yields rebound as safe-haven assets remain in demand as Russian attacks on Ukraine cities intensifies. Oil prices spiked to US$113pb (8-year high) on supply disruptions and the US$ index extends gains as investors digest the negative impact of ...
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Tuesday March 1st, 2022

The US$ firms, oil prices strengthen, equity markets & US yields are mixed as market uncertainty continues. Markets continue to respond to news headlines as Russia steps up its aerial campaign in Ukraine and the military convoy approaches Kyiv. The Russian Rub has dropped 30%, holding just below...
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Monday February 28th Morning Update

The US$ up, oil prices higher, equity markets lower and US yields lower. Russian forces seized two small cities in southeastern Ukraine and the area around a nuclear power plant but ran into stiff resistance elsewhere as Moscow’s diplomatic and economic isolation deepened. Putin put Russia’s...
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Friday February 25th Morning Update

The US$ unchanged, oil prices lower, equity markets higher and US yields unchanged. Full scale invasion is underway as UN hold briefing. U.S., EU announce new wave of sanctions. China, which signed a friendship treaty with Russia three weeks ago, has refused to describe Moscow’s actions as an ...
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