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(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…
Friday's AUD/USD price analysis revealed bullish momentum, marked by a resilient recovery following a significant dip in the previous session.
The Pound Sterling (GBP) extended its losing streak against the US Dollar (USD) into a fourth straight week, keeping GBP/USD undermined near two-month troughs.
Traders have largely written off the chance of a Fed rate hike in March, but are optimistic about a move lower in May
Infused with another strong earnings season and calmer bond markets, a record high S&P500 now looks to vault the 5,000 point hurdle for the first time - just as China's worrying deflation deepens into its Lunar New Year break. With U.S. economic growth above 3%, unemployment below 4% and aggregate annual profit growth above 8%, the S&P500 has raced up 21% since late October. Excluding China's ailing market, the MSCI World index of developed economy stocks hit a record on Thursday too - having breached the January 2022 high earlier this week.