17 Mar 2015
Week commencing activity across overnight markets - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the activity from overnight markets opening for the week ahead.
Key Quotes:
"All US activity data printed below consensus. Feb IP rose 0.1%, with manufacturing -0.2%. The NY Fed Empire State index eased to +6.9 in Mar from +7.8. The NAHB housing market index slipped from 55 to 53, a low since July 2014. US 10yr treasury yields fell from 2.11% to 2.07%, the disappointing US data a partial explanation."
"Eurozone bond yields mostly rose modestly but UK gilts rallied, the 10yr -3bp to 1.68%. Australian government bond yields rose slightly early Sydney, the 10yr up 1bp to 2.49%. Pricing for the RBA's April meeting sits at -9bp."
"European equities are enjoying the ECB’s money-printing program, the Euro Stoxx 50 up 1.4% to a seven year high and Germany’s Dax up 2.2% to a record high. The S&P 500 closed on its highs, up 1.4%."
Key Quotes:
"All US activity data printed below consensus. Feb IP rose 0.1%, with manufacturing -0.2%. The NY Fed Empire State index eased to +6.9 in Mar from +7.8. The NAHB housing market index slipped from 55 to 53, a low since July 2014. US 10yr treasury yields fell from 2.11% to 2.07%, the disappointing US data a partial explanation."
"Eurozone bond yields mostly rose modestly but UK gilts rallied, the 10yr -3bp to 1.68%. Australian government bond yields rose slightly early Sydney, the 10yr up 1bp to 2.49%. Pricing for the RBA's April meeting sits at -9bp."
"European equities are enjoying the ECB’s money-printing program, the Euro Stoxx 50 up 1.4% to a seven year high and Germany’s Dax up 2.2% to a record high. The S&P 500 closed on its highs, up 1.4%."