ABX Weekly 20/03/2019
ABX weekly 20/03/2019 20th March 2019 Market Update The yield compression story continued this week and we saw the Australian 3-year Government bonds trading below the cash rate! While that may be partially due to lower market liquidity on the back of future rolls it still surprised us how negative currently the sentiment is in […]
ABX Weekly 13/03/2019
ABX weekly 13/03/19 13th March 2019 Market Update One of my core themes of late has been the growing divergence between the markets’ expected path of policy easing from developed market central banks, and the actual outlooks of these institutions themselves. I would stress that central banks have been moving cohesively to a more dovish […]
ABX Weekly 06/03/2019
ABX weekly 06/03/2019 Market Update In what seems a recurring theme bonds opened heavy lead by German bonds, stabilized and then proceeded to rally back by the close. Despite this similar pattern there was more for markets to review over the week, European PMI’s on net came out better than expected, US Non Manufactuing ISM was […]
ABX Weekly 27/02/2019
ABX weekly 27/02/2019 Market Update Wall Street’s three major indexes are slightly lower after a choppy session as investors eyed mixed US economic data, corporate news and waited for clarity on issues such as the US-China trade talks. Lower-than-expected housing data contrasted with a better consumer confidence report, while Home Depot was among the biggest drags […]
ABX Weekly 20/02/2019
ABX Weekly 20/02/19 20th February 2019 Market Update US stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level US-China trade talks resumed in Washington. All three major US equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black. The benchmark S&P/ASX200 index closed up 17.1 points, or […]
ABX Weekly 30/01/2019
ABX weekly 30/01/2019 30th January 2019 Market update Markets struck a defensive tone ahead of the US-China trade talks, Brexit votes and tomorrow’s FOMC meeting. The US Treasury Secretary, Steven Mnuchin, has indicated that President Trump could lift tariffs if China makes significant concessions in the trade talks, but markets have taken little encouragement from […]
ABX Weekly 16/01/2019
ABX weekly 23/01/2019 23rd January 2019 Market update There is a risk-off tone in financial markets at the moment. Globally equities were down. Aussie equities followed Wall Street lower last night taking back some of the gains this week. Several central bank meetings are taking place this month with the US Federal Reserve meeting at the end of […]
ABX Weekly 16/01/2019
ABX weekly 16/01/2019 16th January 2019 Market update In the Australian share market the ASX200 has pushed through 5800 points but commentators are saying we will likely see some retracement, especially given lighter volumes at this time of year. Uncertainty remains in the UK, although the UK Parliament has certainly voted down Prime Minister Theresa May’s Brexit Bill in […]
ABX Weekly 09/01/2019
ABX weekly 09/01/2019 9th January 2019 Market Update Well after significant volatility heading into the year end, markets have been a bit calmer of late and there is some cautious optimism returning. US equities have had 3 days of gains. Market participants now wait to see if this is a simple bounce or the […]
ABX Weekly 12/12/2018
ABX weekly 12/12/2018 12th December 2018 Market update Recent themes continue in markets with the risk-off tone becoming entrenched. US-China trade tensions remain and the arrest of Huawei’s CFO Meng Wanzhou by Canadian authorities at the request of the US counterparts adds to the friction. There is speculation that China could retaliate. Uncertainty over the US Fed policy is […]