Free Trial
CHINA RATES

China Repo Rates Diverge On Friday

JGBS

Futures Unwind Early Losses

AUD

A$ Lagging Better Risk Sentiment

AUSSIE BONDS

AOFM Weekly Issuance Slate

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX
FOREX: Equities finish on a bad note
- Stocks concluded the week on a resoundingly negative note, with US & UK
indices in full retreat mode on the ratcheting higher (again) of tensions
between the US and China. The pull lower in equities helped keep the likes of
CHF and JPY supported throughout, although the EUR joined the havens in
rallying, shifting the technical outlook in EUR/USD overtly bullish.
- CAD underperformed on the appointment of the new Bank of Canada governor Tiff
Macklem. Macklem's appointment was slightly outside of expectations, but markets
only began to move when he stated that negative interest rates are in the BoC's
toolkit - despite Poloz previously saying their current 0.25% is the effective
lower bound.
- In the coming week, earnings season continues, with Walt Disney, General
Motors and Berkshire Hathaway all still to come. Central bank rate decisions are
also due from Australia, Brazil, the UK, Norway and Malaysia. On the data front,
the April nonfarm payrolls report takes focus, with the unemployment rate
expected to surge to 16% - the highest on record.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.