equity markets

Eurozone Rates Show Resilience Amid Equity Volatility

Euro rates are more focused on the improving macro story than on AI-driven equity jitters. This also means that Bunds may not prove an effective hedge against an equity sell-off

Dow and Nasdaq Test Key Technical Levels Amid Fed Focus

After three sessions of correction in US equities, the Dow Jones is attempting a comeback.

The move comes in the shadow of what had been a heavily risk-on pre-FOMC environment, where expectations for rate cuts kept fueling a wave of optimism across markets.

S&P 500 Hits Record Highs as Fed Rate Cut Expectations Boost Big Tech and Market Sentiment

Another day, another record high for the S&P 500 on optimism that:

1. earnings grew around 13% last quarter and the profit outlook has been improving since the summer months, and
2. the Federal Reserve (Fed) is about to start a fresh policy-easing cycle to counter the weakening U.S. jobs market – provided that inflation remains under control.

US Indices at Record Levels Amid Mixed Technical Signals; Markets Eye Powell Tone and Fed Uncertainty

Friday's ecstatic trading brought all risk-assets including Equity indices, cryptocurrencies and FX currencies higher.

All Eyes on CPI: Dollar Recovery, Volatile Sessions, and Packed Data Calendar

Markets have opened the week with relatively subdued movements as players brace for tomorrow's major US CPI release.
 

From Euphoria to Equilibrium. Navigating Market Shifts and Sector Outlook

Markets got a reprieve from the Fed as it slowed the pace of QT while leaving two cuts on the table. Powell's comments also signaled willingness to look through tariff price level impacts as transitory inflation.

Global Markets React to US Tariffs and Central Bank Moves

The 25% tariffs on steel and aluminium announced by Donald Trump in February came into force on Wednesday. They affect a number of countries, but in particular Canada, Brazil, Mexico, Germany and several Asian countries.

US-Canada Trade War Escalates Amid Tariffs, Market Jitters, and BoC Policy Moves

President Trump said that he would add an extra 25% tariff on Canadian steel and aluminum - raising those tariffs to 50% - if Canada does not remove the 25% tariff it placed on electricity from three US states. Ontario's Premier Ford said that he agreed to suspend the 25% electricity surcharge.

What does President Trump mean for markets?

We do not expect large, broad, and sustained US tariffs, but repeated threats of higher tariffs on key trading partners and a lack of policy visibility could weigh on business investment and hiring even if they are never imposed. More volatile markets require an increased focus on portfolio diversification and hedging approaches.  

Market Crossroads: ECB’s Hawkish Easing, European Defense Shift, and Tariff Relief Dynamics

Busy end of week with European defence push, ECB monetary policy decision, US tariff pause and NFP. No let-up in the news flow as the week draws to an end. Friday will be marked by the publication of the February Employment Situation Report, with our US economists expecting 180 thousand job creations (see NFP Preview), while Thursday’s session was punctuated by an abundant news flow:

Markets Rally as Germany Plans Defense Spending Boost; Oil Drops on OPEC+ Supply News

US equity market recorded the steepest daily losses since mid-December and USD depreciated notably as President Trump confirmed that import tariffs on Canada, Mexico and China will go up, and a weaker manufacturing survey added to market concerns about wakening US growth. 

US Economic Woes Deepen: Consumer Sentiment Plunges, Tariffs Escalate, and Markets Sink

A drop in consumer sentiment brought fresh concerns about the US economic growth. Most major equity indices sold off and government bonds rallied, with the 10Y US Treasury yield dropping 11bp to 4.29%. Market digested news that Ukraine is going to sign a minerals deal with the US, and a confirmation from the US president that US tariffs on Canadian and Mexican imports will go up next week.