Japan funds sold the most Australian government bonds ever in February

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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US MBA mortgage applications w.e. 26 February +0.5% vs -11.4% prior

Latest data from the Mortgage Bankers Association for the week ending 26 February 2021 Market index 794.5 vs 790.6 prior Purchase index 269.7 vs 264.9 prior Refinancing index 3,850.4 vs 3,848.1 prior 30-year mortgage rate 3.23% vs 3.08% After the heavy decline in mortgage activity in the two weeks prior, things are slightly better last […]

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New Zealand ANZ business survey for February, final: Business Confidence 7.0 (prior 9.4)

This is the ‘final’ result from the survey.   Business Confidence down to 7.0 preliminary was 11.8  prior 9.4 Activity Outlook down to 21.3 prelim was 22.3 prior 21.7 ANZ comments – saying the confidence drop is likely due to the snap lockdown in Auckland. Further key points highlighted by the analysts: Expected profitability fell in […]

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Key events and releases for the week starting February 22

Key events and releases for the week starting February 22 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Fed Powell testifies. RBNZ rate decision Monday German Ifo business climate index. 4 AM ET/0 900 GMT NZD retail sales QoQ, 4:45 PM ET/2145 GMT Tuesday UK employment statistics. 2 PM ET/0700 GMT Fed Powell […]

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UK February CBI trends total orders -24 vs -35 expected

Latest data released by CBI – 19 February 2021 Prior -38 Trends selling prices 3 Prior 4 UK industrial orders rebound in February with output seen stabilising after a sharp drop in January. The headline represents the highest reading since before the pandemic began, so that is some relative comfort. CBI notes that: “Manufacturing activity […]

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Dow closes at the highest level since February 24, and just 2.6% from unchanged on the year

Dow and S&P are up for the 7 days in a row The Dow industrial average led the way for stocks to the upside with a 1.3% gain.  The Dow index close at the highest level since February 24th and is just 2.6% from unchanged on the year.  Both the Dow and S&P have closed […]

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UK employers have turned positive about hiring, investment for the first time since February

Reuters info on the Recruitment & Employment Confederation’s measure of employers’ confidence in hiring and investing rose to a net level of +4 in the first half of July up from -9 in June “Even at times like these, there are always opportunities out there for jobseekers,” REC chief executive Neil Carberry said. “But businesses […]

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Major indices close higher. S&P on longest winning streak since February

Dow rises for the 3rd straight day and leads the charge The major indices are closing higher. The S&P index is on the longest winning streak since February (4 days). The NASDAQ 100 did trade above its all-time closing level but backed off into the close. The Dow industrial average is up for the 3rd […]

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