Citigroup forecasts for the S&P 500: Base case of 6500. Bull case 6900. Bear case 5100.

This from Citi comes by way of a Dow Jones / Market Watch piece (could also be gated) - briefly:Citigroup forecasts modest positive aspects for the S&P 500 with a base case of 6,500, a bull case of 6,900, and a bear case of 5,100.Excessive…

AUD anticipated to indicate restoration vs. NZD

A snippet or two from Rabo on the $A and $NZ, analysts on the financial institution count on AUD is more likely to outperform the NZD within the months forward, citing:New Zealand financial system with so much much less momentum than Australia'sweak…

Kiwi Producers Decline in Gross sales Quantity in Q3 2024

New Zealand information for manufacturing gross sales volumes in Q3 2024:fell 1.2% (+zero.three% in Q2)Volumes for dairy and meat merchandise, the nation's largest export earners, rose zero.9%Not a Kiwi $ mover. Extra right here at Stats…

US November CPI knowledge due Wednesday, December 11 - anticipated to be larger than in October

In October 2024, the U.S. Client Value Index (CPI) elevated by zero.2% from the earlier month, marking the fourth consecutive month with this price of development. On an annual foundation, the CPI rose by 2.6%, up from 2.four% in September.The…

Down day for the main US indices immediately

The key indices all transfer decrease in buying and selling immediately with the Russell 2000 fairing the worst with a decline of -Zero.42%.A snapshot of the closing ranges reveals: Dow industrial averagefell -154.10 factors or -Zero.35%…

Financial institution of Canada preview: The storm clouds are gathering within the Canadian economic system

There isn't any motive for the Financial institution of Canada in a single day goal charge to be at three.75% any longer.The economic system is sliding and unemployment has risen to six.eight% from a low of four.eight%. The housing market…

Report blames BLS management for poorly-protected US financial knowledge releases

Earlier this 12 months, the BLS reported subset of recordsdata have been launched previous to the April CPI report, resulting in a untimely transfer within the Treasury market. Beforehand, a BLS economys shared undisclosed technical calculations…

The US treasury auctions off $58B of Three-year notes at a excessive yield of four.117%

The US Treasury has auctioned $58B of three yr notes. Wi stage on the time of the public sale:four.116%Excessive Yield: four.117%Bid to cowl:2.58X vs 6-month common of two.56XTail Zero.1 bps vs the 6 month common of Zero.Zero bpsDirects (home…

Morgan Stanley says the greenback commerce is crowded and it's time to promote

The US greenback has been a robust performer this 12 months and it is powerful to wager towards it going ahead given the setup for US financial outperformance. That mentioned, it is clearly a crowded commerce and Morgan Stanley's David Adams…

EIA forecasts international oil manufacturing will rise 1.6m bpd in 2025

The EIA is out with the most recent STEO.We anticipate the Brent crude oil spot value will stay near its present stage in 2025, averaging $74 per barrel for the yrThey see the oil market as 'comparatively balanced'US manufacturing seen at…