Canadian banks see a powerful case for a 50 foundation level price lower

The headline from at the moment's Canadian GDP report is that progress declined on a per-capita foundation for the sixth consecutive quarter. As well as, month-to-month GDP knowledge confirmed simply zero.1% m/m progress in September and…

Robust yr for FX and charges desks

The most important 250 buying and selling corporations are set to make a complete of $32 billion from buying and selling of Group-of-10 charges and $16.7 billion from currencies, based on information collected by Coalition Greenwich…

European fairness shut: DAX leads the best way as extra price cuts seen following CPI

Closing modifications in Europe:Stoxx 600 +Zero.6%German DAX +1.Zero%France CAC +Zero.7%UK FTSE 100 flatSpain IBEX +Zero.three%Italy's FTSE MIB +Zero.four%On the week:Stoxx 600 +Zero.four%German DAX +1.6%France CAC -Zero.2%UK FTSE 100 +Zero.three%Spain…

JPMorgan now sees the ECB slicing charges by 50 foundation factors in December

The market is pricing in only a 20% likelihood of a big ECB charge minimize on December 12 however JPMorgan thinks that is not sufficient. They're out with a brand new notice calling for 50 bps.As we speak's prelim eurozone core CPI studying…

No Thanksgiving hangover for US shares as S&P 500 extends acquire to 30 factors

The S&P 500 has prolonged at this time's acquire to 30 factors, or zero.5%. The Nasdaq Composite is outperforming, up zero.75%.Right here is one thing the bulls will likely be blissful to see. The AAII member survey is right down to 37%…

China stimulus bets are again

China's CSI 300 inventory index rose as a lot as 2.three% as we speak earlier than fading to shut up 1.1%. It was the second day of features nevertheless it could be primarily based on flimsy proof.To date, the market has been disillusioned…

Tech giants face combined fortunes: Semiconductors rise whereas software program retreats

Sector OverviewThe inventory market offered a combined bag right now, with notable discrepancies between the efficiency of tech giants and semiconductor shares. The Expertise sector noticed various outcomes. Whereas Microsoft (MSFT) dipped…

Ten-year Treasury yields fall beneath the 200-day transferring common. USD/JPY falls by means of 150

There's a wholesome debate about what's inflicting the drop in Treasury yields this week.Some argue it is month finish flows and rebalancing, whereas others argue that it is on account of Trump's choose of Scott Bessent as Treasury Secretary…

Canadian greenback slumps after GDP report underscores a slowing financial system

The Canadian financial system grew at a 1.zero% annualized price in Q1, which was in-line with forecasts however an extra drilling down within the information highlights a troubling development. GDP was flat in August, then grew simply zero.1%…

Canada Q3 GDP +1.zero% vs +1.zero% anticipated

The Q2 studying was +2.1% annualizedQ/Q studying vs +zero.5% priorQ/Q implicit worth index vs +1.1% priorMonth-to-month knowledge:September month-to-month GDP vs +zero.three% anticipated (advance est was +zero.three%)August month-to-month…