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New Zealand’s GDP fell by 0.2% in the June quarter. The result wasn’t as weak as expected, and will ease concerns that the economy might have been taking a turn for the worse.
Westpac
S&P 500 and Nasdaq futures rose sharply after the Fed’s first rate cut in over four years, with investors awaiting new economic data and FedEx earnings.
Warren Takunda
The FOMC delivered a 50bp cut at the September FOMC, kicking-off the easing cycle with a surprise jumbo rate reduction, as the ‘dot plot’ points to a further 50bp of cuts this year, albeit while policymakers pledge to take a ‘meeting-by-meeting’ approach to future policy decisions.
Pepperstone
Bitcoin price action may have to diverge from stocks if history repeats itself after a bumper Fed rate cut, analysis warns.
Warren Takunda
Asian markets climbed Thursday after the Fed's larger-than-expected rate cut, with the Nikkei 225 up 2.1% and the Hang Seng gaining 1.9%.
Warren Takunda
The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year.
FXOpen
The Fed's substantial rate cut could result in a further loosening of global liquidity, prompting a shift in capital across asset classes and stock sectors.
Warren Takunda
BoJ interest rate decision on Friday at 03:00 GMT.
XM
The Bank of England is expected to hold rates at 5.0%, with attention on its bond sales and potential fiscal impacts.
Warren Takunda
The Brent crude oil price continues to recover from its multi-year low but may soon encounter resistance, while silver and sugar prices rally.
IG
Pound Sterling tends to fall against the Euro on Bank of England days shows analysis. And today is such a day.
Warren Takunda
London stocks are set to open higher after the Fed's 50 basis point rate cut, with focus on the Bank of England's policy announcement. Next and Ocado upgraded their earnings forecasts.
Warren Takunda
Today we will focus on multiple central bank monetary policy meetings.
Danske Bank
The Fed cut rates by 50 basis points, with future decisions made meeting by meeting as inflation cools and employment concerns rise.
Warren Takunda
Markets continue to digest the Fed’s 50bp cut this morning, with equity futures advancing overnight, as focus shifts to today’s decisions from the BoE and Norges Bank.
Pepperstone
The minutes of the Bank of Canada's policy meeting released on Wednesday reflected that members agreed that with broad inflationary pressures continuing to ease, it was appropriate to reduce the policy rate further. With inflation approaching the target, they needed to increasingly guard against the downside risks to inflation stemming from weakness in economic activity.
BOC
The 50bp cut from the Fed led to some brief price spikes across the commodities complex. However, with the 50bp cut largely priced in, the move was short-lived.
ING
The Saxo Quick Take is a short, distilled opinion on financial markets with references to key news and events.
SAXO
The Federal Reserve announced on September 18 that it would lower the target range for the federal funds rate by 50 basis points to a level between 4-3/4 to 5 percent, which is the first interest rate cut since March 2020, and marks a shift in monetary policy from a tightening cycle to an easing cycle.
FED
The Federal Reserve Open Market Committee (FOMC) cut the target range for the federal funds rate by 50 basis points (bps), to 4.75% to 5.00% and announced it would continue its balance sheet runoff.
TD Securities