Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
Global equity markets are generally higher in the absence of economic data or fresh catalysts. Japanese policy makers huddle to seek plan to rescue the Yen
Global equity markets consolidate near record highs in the absence of first-tier economic data. There is growing expectation that the Bank of Japan will exit from its negative interest rate policy next week, on rising wages
Limited moves across global asset markets. The RBNZ’s decision to leave rates on hold at 5.5% and soften its hawkish bias sent bond yields and the NZD/USD sharply lower as the market priced out the residual risk the Bank would hike again
There were limited catalysts for global asset markets overnight in the absence of first-tier economic data or fresh guidance from policy makers. But eyes are on both the Fed minutes, and the keenly awaited Nvidia corporate results