Home Trading Market Update – December 21

Market Update – December 21


  • The USD Index At 103.50 bottom. Stocks rise overnight after they were pummeled Tuesday by the BoJ’s surprise hawkish tweak in its yield curve control. Yields: JGB 2-year rose above zero For the First time since 2015. The yield on the 10-year Treasury note fell 11 bps to 3.706%. Curve inversion widened another 10 bps per day to -57.9bps. This compares to the -82.4 bps two weeks earlier.
  • EUR -jumps 20 points at the EU Open Higher to 1.0630. German GfK consumer confidence increased This is a bit higher than expected. This number is closer to what we expected, which was a short-term, shallow recession.
  • JPY – trimmed -4% to 130.55. – Higher yields at home could make it more attractive for Japanese investors to repatriate some funds.

  • Stocks – Nikkei lost a further -0.7% after the BoJ’s curve ball yesterday. The ASX bounced 1.3%, and China bourses are also higher – as are stock futures across Europe and the US. The NASDAQ Flat at 33,230With the S&P 500 at 3,868, & the Dow Increased by 0.2% #TSLA Collapse continues at -8% yesterday
  • USOil – Flat at $75 with Brent trading at $80.01 Per barrel
  • Gold – Higher held at $1,815.

Today Canadian Inflation & US Consumer Confidence….

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