The dollar and yen are sitting well firmer across the board as  equities  Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities

WTI crude settled up $5.95 to $105.71. There were two main pieces of fundamental news today: 1) Libya is ending the blockage, which will add some 900k bpd or production, and 2) US oil inventories showed a big surprise build. On the macro front, US CPI was high, the ECB was more hawkish and the

Market index 358.9 vs 351.8 prior Purchase index 255.4 vs 244.4 prior Refinancing index 913.6 vs 932.3 prior 30-year mortgage rate 5.53% vs 5.36% prior The average 30-year home loan rate in the US rose to its highest level since 2009 last week to 5.53% but that didn’t quite stop demand for mortgages, as applications

An ICYMI from Fitch rating agency overnight, with comments that will take no one by surprise. In brief: The lockdown in Shanghai will exacerbate global supply-chain pressures and inflation concerns Restrictions imposed as part of China’s zero-Covid-19 policy have led to a plunge in Shanghai freight traffic volume in April and early May. With fewer

Most major currencies are now trading within 0.1% change against the dollar on the day and that itself hints at more of a push and pull feel for the time being. The dollar was stronger coming off the back of yesterday’s gains but gave up some ground early on as mentioned here. But things are

The risk-off mood yesterday is making way for a light bounce in equities sentiment so far today, with S&P 500 futures seen up 0.7% now ahead of European morning trade. That is seeing the dollar and yen give up some of its overnight gains but it isn’t anything that stands out too much. EUR/USD is

The front end is leading the way in a broad bid in the bond market. There’s a certain amount of reflexivity in cross asset markets. When the picture in equities gets bad enough, the +2.5% yields in bonds start to look good. Then that helps to stabilize stocks and the selling resumes in bonds. It’s