Markets Today

Global markets cooled as equities retreated from record highs amid geopolitical tensions in the Middle East and hawkish commentary from Fed officials suggesting rates will stay on hold for longer. The Japanese Yen remains a focal point as authorities intervene to prevent weakness beyond 160 per USD.

Key Takeaways

• 1.Global equities eased from record highs as markets paused and geopolitical tensions in the Middle East resurfaced.
• 2.Boston Fed President Susan Collins suggests interest rates should stay on hold for longer, with a pivot to 'agnostic' language regarding future cuts.
• 3.Japanese authorities are estimated to have conducted approximately US$30bn in FX intervention to prevent the yen from weakening past 160 per USD.

Table of Contents

• Events round-up
• Good morning
• Coming up
• Currencies
• Other FX
• Equities
• Commodities
• Interest Rates
• Carbon Price
• Policy Meeting Run
• NZ Government Bonds
• NZ BKBM and Swap Yields
• NZD exchange rates
• Contact Details

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial