As hedge funds have ballooned in recent years, so has their footprint in the few markets large enough to accommodate them. This isn’t a problem when their trades are going well. When those trades backfire, though, it can be a different story – particularly if multiple funds are holding the same position and all try […]
Asia Market Wrap – OpenAI Boosts Asian Tech Sector Asian stock markets moved significantly higher on Thursday, fueled by a major rally in technology shares. Japan’s Nikkei index gained more than 1%, led by chip sector companies, despite facing headwinds from a stronger yen against the dollar. Elsewhere, the tech-heavy stock market in Taiwan jumped
Macro update Wall Street ends higher: US equities closed stronger on Wednesday, with gains led by healthcare and technology shares, even as weak jobs data and the start of the government shutdown weighed on sentiment. Healthcare boost: Pharma stocks rallied globally, with AstraZeneca and peers advancing after Pfizer reached a deal with President Trump to lower Medicaid
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Unemployment from the euro area and Spain are due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain’s labor ministry is scheduled to issue unemployment data. The number of unemployed is expected to increase 15,400 in September. At 4.00 am ET, Italy’s statistical office publishes unemployment figures for
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Key takeaways BoJ policy shift intact: Japan’s central bank is still moving gradually toward policy normalization, supporting renewed yen strength. Tankan survey improvement: Q3 2025 Tankan survey for large manufacturers improved to 14, its highest since Q4 2024, boosting economic confidence. Yield spread narrowing: US-Japan yield differentials are shrinking, making US Treasuries less attractive versus
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In August 2025, household spending in Australia experienced a modest increase of 0.1% month-over-month, slowing from a revised growth of 0.4% observed in the previous month. This represents the most sluggish rise since April. Expenditure growth decelerated in several sectors, with transport costs increasing by 0.8% compared to 1.5% in July, and spending in hotels,
Consumer prices in South Korea were up a seasonally adjusted 0.5 percent on month in September, Statistics Korea said on Thursday. That was above forecasts for an increase of 0.4 percent following the 0.1 percent contraction in August. On a yearly basis, inflation jumped 2.0 percent – again exceeding expectations for an increase of 2.0
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Log in to today’s North American session Market wrap for October 1st The US government shutdown officially kicked in, but beyond a brief selloff in the US Dollar — which stopped well short of breaking any key levels — markets have largely brushed it aside: US equities reversed early weakness seen in futures and at
Log in to our mid-week North American Markets overview, where we examine the current themes in North America and provide an overview of indices and currency performances. We are now halfway through the week, and the main storyline has shifted squarely toward the US government shutdown, which has sparked a sharp N-shaped (for nope) reversal
ADP report shows that private hiring in September plunged, reinforcing bets for a Fed rate cut later this month. US government shutdown delays Nonfarm Payrolls release, weighs on markets but support flows into Gold. Treasury yields tumble and US Dollar softens, creating a favorable backdrop for bullion’s rally toward fresh record highs. Gold price surges
South Africa’s factory sector grew in September after shrinking in the previous month and returned to expansionary territory for a second time this year in September, survey data from the Bureau for Economic Research showed on Wednesday. The Absa Purchasing Managers’ Index rose 2.7 points to 52.2 from 49.5 in August. A reading above 100
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