The global market reaction to the escalating conflict in the Middle East remains remarkably fragmented. U.S. equities successfully staged a “buy-the-dip” recovery overnight after an initial selloff. Both S&P 500 and NASDAQ closed with modest gains. In contrast, Asian markets told a darker story. South Korea’s Kospi tumbled nearly -5% as it caught up with […]
Prolonged conflict could lead to a “substantial spike” in inflation At the same time, it could also cause a “sharp drop in output” in the euro area Directionally, a jump in energy prices puts upward pressure on inflation especially in the near-term The magnitude of the shock heavily depends on “the breadth and duration of
Offshore speed, onshore depth: a new reality for FX liquidity – FX Markets Skip to main content End of drawer navigation content Stark differences emerge between onshore and offshore pricing during macroeconomic news events, finds LMAX Group’s head of data In foreign exchange spot markets, speed has long been treated as a reliable guide to
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USD/CAD holds ground after registering modest gains in the previous session, trading around 1.3670 during the Asian hours on Tuesday. However, the pair depreciated as the commodity-linked Canadian Dollar (CAD) received support from higher Oil prices. Canada’s status as a major crude exporter makes its currency particularly sensitive to movements in Oil prices. West Texas
Expected was +5.0% (some at 5.5%) Prior was -14.9% Private house approvals +1.1% vs +0.4% prior Building approvals +8.7% y/y vs +13.3% prior This is a sharp two-month drop in construction activity but think of it more as a normalization. Australian dwelling approvals were characterised by significant monthly volatility through 2025, driven almost entirely by
The jobless rate in Japan came in at a seasonally adjusted 2.7 percent in January, the Ministry of Internal Affairs and Communications said on Tuesday. That was above expectations for 2.6 percent, which would have been unchanged from the December reading. The jobs-to-applicant ratio was 1.18 – missing forecasts for 1.19 and down from 1.20
The total number of building permits issued in New Zealand was up a seasonally adjusted 1.9 percent on month in January, Statistics New Zealand said on Tuesday – coming in at 2,528. Individually, permits were issued for 1,190 stand-alone houses, 1,004 townhouses, flats, and units, 189 retirement village units and 145 apartments. In the year
Argentina Tax Revenue (MoM): 16231.8B (February) vs previous 18337.6B Source link
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Another day in the mid-2020s, another wild session for Markets. The world learnt that a military intervention in Iran had commenced on Saturday, where US and Israeli forces began striking the government and army infrastructures of the Islamic regime in Iran. The conflict had been foreshadowed for a while now, with historic revolts in the
The AUD/USD is staging a resilient intraday recovery, climbing back toward session highs as the initial wave of market fear dissipates. The primary catalyst is a broad rebound in U.S. equities, with all three major indices now trading in positive territory. The Macro Backdrop: Stocks Lead the Way As the “risk-on” sentiment returns, the Australian
This weekend marked the beginning of a foreseen but still shocking operation in Iran as US and Israeli forces aim to topple the Islamic Regime. Killing the Ayatollah Ali Khamenei in the first strikes, the battle is still anticipated to last around four weeks, as declared by President Trump and Head of the Department of
Central bankers in Asia have intervened or are closely monitoring market developments stemming from the outbreak of conflict in the Middle East. The US and Israel on February 28 launched a co-ordinated attack on Iran. Soon afterwards, Iran retaliated by launching drones and missiles targeting Israel and US military bases in several Gulf countries, including
Gold (XAU/USD) eases after opening the week with a bullish gap amid escalating geopolitical tensions in the Middle East, with the US-Iran war triggering a fresh wave of safe-haven demand. At the time of writing, XAU/USD trades around $5,300, trimming earlier gains after climbing above the $5,400 mark earlier in the day. US-Israel strikes on
Taylor Wimpey full-year results preview: Can the housebuilder sustain momentum into 2026? Taylor Wimpey is preparing to publish its full-year 2025 results on 5 March 2026, a key moment for investors assessing how one of the UK’s largest housebuilders has navigated a challenging market backdrop characterised by affordability pressures, muted demand from first-time buyers and shifting
Global markets have entered a phase of heightened volatility as Middle East tensions transition into direct and widening regional conflict. Initial safe-haven flows rushed into Swiss Franc, pushing the currency to decade-highs against Euro. However, the move proved short-lived after rare and explicit pushback from Swiss National Bank. In what traders quickly labeled a “verbal
