Market Overview

Market Brief It was a quiet session in Asia, FX markets stabilised amid yesterday’s light economic calendar. Asian equities are almost all green this morning, Japan’s Nikkei 225 gained...

We expect that Danmarks Nationalbank (DN) will allow the FX reserve to drop further before raising its key policy rate. Record-high dividend payments and foreign investors net selling Danish shares...

Solid start, expansion on track, yields 8%The first quarter of 2015 has provided Caledonia Mining (LONDON:CALq) with a solid footing to progress towards its FY15 production and expansion goals....

Todd makes a compelling offerTodd Corporation has announced its intention to make an offer for Rutila's (ASX:RTA) remaining outstanding shares, proposing to pay A$0.30 in cash per share. Despite our...

• Chaos in the bond market Bond yields gyrated around the world yesterday after NY Fed President Dudley’s speech, which talked about a “regime shift” in monetary policy. In a...

The theme in the forex markets remained unchanged this week, with strength in Sterling and weakness in Kiwi. Other major currencies are generally mixed with some limited softness in dollar. BoE...

Market MoversThe big event today will be US retail sales for April. Following disappointments in the previous months, we look for an increase of 0.6% m/m in core sales (control group), slightly higher...

European futures are pointing to a slightly higher open on Wednesday, paring losses from the start of the week on the back of big gains in government bond yields.We did see yields pare some of those...

On the back of increasing underlying interest rates, we saw a continued drift wider for spreads in the European high yield market. The 5Y iTraxx Crossover widened by some 4bp over the week. Volatility...

As a bolt from the blue, April inflation printed not only way below our own forecast but also way below market consensus. CPI and CPIF were 0.3 and 0.4 percentage points below the Riksbank's brand new...

Wednesday is the busiest day of the week for economic releases, including today’s initial estimates for first-quarter GDP throughout the Eurozone. Flash Q1 GDP data for France (05:30 GMT) and...

The shockingly bad fiscal health of Chicago just got a lot worse. Not only were Chicago Teachers "Insulted by a 7% Pay Cut Offer", the Illinois Supreme Court ruled Illinois' 2013 pension reform is...

The latest issue of the NFIB Small Business Economic Trends is out today. The update for April came in at 96.9, a 1.7 point increase from the previous month. The index is now at the 33rd percentile in...

The latest JOLTS report (Job Openings and Labor Turnover Summary), data through March, is now available. The first chart below shows four of the headline components of the overall series, which the...