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NZ First Impressions: Gdp, June Quarter 2024

NZ First Impressions: Gdp, June Quarter 2024

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

Stocks Soar Before the Open as Fed’s Big Rate Cut Boosts Sentiment, U.S. Economic Data and FedEx Earnings on Tap

Stocks Soar Before the Open as Fed’s Big Rate Cut Boosts Sentiment, U.S. Economic Data and FedEx Earnings on Tap

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

September 2024 FOMC Review: Kicking-Off With A Jumbo Cut

September 2024 FOMC Review: Kicking-Off With A Jumbo Cut

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 Hits $62.6K as Fed ‘Crisis’ Move Sparks US Stocks Warning

Bitcoin Price Hits $62.6K as Fed ‘Crisis’ Move Sparks US Stocks Warning

Bitcoin price action may have to diverge from stocks if history repeats itself after a bumper Fed rate cut, analysis warns.

Warren Takunda

Stock Market Today: Asian Markets Forge Higher After Fed’s First Rate Cut in Over 4 Years

Stock Market Today: Asian Markets Forge Higher After Fed’s First Rate Cut in Over 4 Years

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

Dollar Trades Mixed After Fed Rate Cut

Dollar Trades Mixed After Fed Rate Cut

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

What the Fed's Jumbo Rate Cut Means for European and Global Markets

What the Fed's Jumbo Rate Cut Means for European and Global Markets

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

Is BoJ On Hold Until December’s Meeting?

Is BoJ On Hold Until December’s Meeting?

BoJ interest rate decision on Friday at 03:00 GMT.

XM

Bank of England Set to Hold Rates With Bond Sales in Spotlight

Bank of England Set to Hold Rates With Bond Sales in Spotlight

The Bank of England is expected to hold rates at 5.0%, with attention on its bond sales and potential fiscal impacts.

Warren Takunda

Brent Crude Oil Price Still Bounces Off Lows, While Silver, Sugar Prices Rally

Brent Crude Oil Price Still Bounces Off Lows, While Silver, Sugar Prices Rally

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 to Euro Rate Due a Setback on Bank of England Decision

Pound to Euro Rate Due a Setback on Bank of England Decision

Pound Sterling tends to fall against the Euro on Bank of England days shows analysis. And today is such a day.

Warren Takunda

London Pre-Open: Stocks Seen Up as Fed Cuts Rate by 50 Basis Points; BoE Eyed

London Pre-Open: Stocks Seen Up as Fed Cuts Rate by 50 Basis Points; BoE Eyed

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

Fed Delivers ‘Hawkish’ 50bp Rate Cut

Fed Delivers ‘Hawkish’ 50bp Rate Cut

Today we will focus on multiple central bank monetary policy meetings.

Danske Bank

FOMC Cuts Federal Funds Rate 50 Basis Points, Says Next Steps to Be Decided Meeting by Meeting

FOMC Cuts Federal Funds Rate 50 Basis Points, Says Next Steps to Be Decided Meeting by Meeting

The Fed cut rates by 50 basis points, with future decisions made meeting by meeting as inflation cools and employment concerns rise.

Warren Takunda

Market Thoughts – Thursday 19th September – The Morning After The Night Before

Market Thoughts – Thursday 19th September – The Morning After The Night Before

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

Minutes of BOC Monetary Policy Meeting: Guard Against Downside Risks to the Economy

Minutes of BOC Monetary Policy Meeting: Guard Against Downside Risks to the Economy

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 Commodities Feed: The Fed Goes Big

The Commodities Feed: The Fed Goes Big

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

Global Market Quick Take: Asia – September 19, 2024

Global Market Quick Take: Asia – September 19, 2024

The Saxo Quick Take is a short, distilled opinion on financial markets with references to key news and events.

SAXO

Fed's Sept. Rate Decision: Cutting Rates by 50 bps and Kicking Off Easing Cycle

Fed's Sept. Rate Decision: Cutting Rates by 50 bps and Kicking Off Easing Cycle

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

Fed Cuts Rates By An Oversized 50 Basis Points

Fed Cuts Rates By An Oversized 50 Basis Points

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

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