Today Markets Analysis Copper futures climbed to around $6.45 per pound on Thursday, extending gains for a third consecutive session as the broader metals complex rebounded after the Federal Reserve delivered its widely anticipated interest-rate increase. The rally comes despite a more complicated macro backdrop. The Fed raised rates by 25 basis points and signalled […]
Today Markets Analysis The offshore yuan edged higher toward 6.70 per US dollar on Thursday, extending a period of relative strength as China expands the infrastructure supporting direct yuan-based foreign-exchange trading. The move comes as the Shanghai Clearing House expands central-counterparty clearing for spot transactions involving the Singapore dollar, New Zealand dollar and Thai baht, […]
Today Markets Analysis J.B. Hunt Transport Services (NASDAQ: JBHT) shares plunged around 13% on September 16 after CFO Brad Delco warned that third-quarter earnings could decline 5% to 10% from the second quarter. The warning exposed a much broader problem emerging across the U.S. transportation industry: fuel, labour and financing costs are rising faster than […]
Today Markets Analysis Zinc prices have come under renewed pressure, falling toward and below the $3,800-per-tonne area as a stronger US dollar and the Federal Reserve’s hawkish policy outlook weigh on industrial metals. The Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00%, its first increase in more than three years, while policymakers […]
Today Markets Analysis Gold remains under pressure around the $4,300-per-ounce area as investors digest the Federal Reserve’s first interest-rate increase in three years and its signal that another hike could follow before the end of 2026. The Federal Reserve raised the federal funds target range by 25 basis points to 3.75%-4.00% at its September 15-16 […]
Today Markets Analysis The Australian dollar is holding below $0.71, close to a four-week low, as renewed US dollar strength following the Federal Reserve’s latest interest-rate increase continues to outweigh expectations for further monetary tightening from the Reserve Bank of Australia (RBA). The Fed raised its federal funds target by 25 basis points to 3.75%-4.00%, […]
Today Markets Analysis The New Zealand dollar traded around $0.571, close to a more than two-month low, as a hawkish Federal Reserve strengthened the U.S. dollar and overwhelmed the positive impact of stronger-than-expected New Zealand economic growth. The Federal Reserve raised its benchmark interest-rate range by 25 basis points to 3.75%-4.00% on September 16, its […]
Today Markets Analysis A fresh U.S.–European trade confrontation is emerging after President Donald Trump threatened “very serious tariffs” against the European Union — and potentially reduced trade with the bloc — if Brussels proceeds with plans to make Canada its first associate member. The threat followed European Commission President Ursula von der Leyen’s announcement on […]
Today Markets Analysis The U.S. dollar remained around 100.3 on Thursday, holding close to a seven-week high after the Federal Reserve delivered its first interest-rate increase in three years and signalled that monetary policy may need to tighten further. The Federal Open Market Committee raised the federal funds target range by 25 basis points to […]
Today Markets Analysis Platinum futures remained under pressure around the $1,780-per-ounce area, with the precious metal trading close to two-week lows as a stronger U.S. dollar and a more hawkish Federal Reserve offset longer-term supply concerns. The Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00% on September 16, while policymakers indicated that […]