The dollar index (DXY00) rallied to a 1-week high on Wednesday and finished up by +0.07%.  The dollar moved higher on Wednesday as T-note yields rose after weekly US unemployment claims unexpectedly fell to a 1-month low, a hawkish factor for Fed policy. Also, the weakness in stocks on Wednesday boosted some liquidity demand for the dollar. Questions about the Fed's independence are limiting gains in the dollar after President Trump said Monday evening that he "still might" fire Fed Chair Powell.  Also, ...

This week's market focus will be on US economic news. On Thursday, weekly initial unemployment claims are expected to fall -11,000 to 225,000. Also, Nov CPI is expected to be +3.1% y/y, and Nov core CPI is expected to be +3.0% y/y. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan Dec consumer sentiment index is expected to be revised upward by +0.2 to 53.5 from the previously reported 53.3.US MBA weekly mortgage applications fell -3.8% in t ...

Group 1 - European stocks are expected to open broadly flat as investors await central bank decisions, with the U.K.'s FTSE index slightly higher and Italy's FTSE MIB down 0.1% [1] - The European Central Bank (ECB) is anticipated to maintain interest rates at 2% while likely raising its euro zone growth forecasts, which were previously set at 1.2% for annual GDP growth [2] - The Bank of England (BOE) is expected to reduce interest rates by 25 basis points to 3.75% due to weak growth and rising unemployment concerns, with inflation data for November projected at 3.5% [3] Group 2 - U.S. stock futures declined after the S&P 500 experienced a third consecutive losing session, influenced by recent job data indicating a loss of 105,000 jobs in October but an addition of 64,000 jobs in November [4] - Asia-Pacific markets showed mixed results as investors analyzed Japan's trade data [4]

Let's begin though with market reaction to the delayed jobs data, Jim. Once again, it's uh basically education and health services that are doing the the lion share of the work. >> Yeah, we don't want that.That's the old days. I wish there had been more manufacturing. I honestly think allowed the interesting piece today about Michael in Trader.Yes. >> Corwe in which you were quoted or at least referenced. >> It was quoted I think during the interview we conducted.Yes, Carl. >> So, it's nice to know that we ...

Core Insights - Applications for unemployment benefits in the U.S. increased significantly last week, marking the largest single-week jump in five years, raising concerns about the job market [1][2] - The total number of unemployment benefits applications reached 236,000, which is 44,000 higher than the previous week's revised total of 192,000 and above Wall Street's expectations of 213,000 [2] - Continuing jobless claims decreased to 1.83 million, down approximately 100 million from the previous week [3] Federal Reserve Actions - The Federal Reserve recently lowered interest rates by a quarter-point to a range of 3.5% to 3.75%, citing a "gradually cooling" job market [4] - Fed Chair Jerome Powell expressed concerns that federal data on job creation may be overestimating actual job growth by up to 60,000 jobs per month [4] - Job openings rose to 7.67 million in October, indicating a potential discrepancy in labor market data [4]

The FOMC raised its 2025 GDP estimate to 1.7% from 1.6% in September and raised its 2026 GDP estimate to 2.3% from 1.8% in September. The FOMC cut its 2025 core PCE price estimate to 3.0% from 3.1% in September and cut its 2026 core PCE price estimate to 2.5% from 2.6% in September.The Fed's "dot plot" of interest rate projections shows the median forecast for the fed funds rate is 3.375% for the end of 2026, implying one 25 bp rate cut next year, unchanged from September.The FOMC, as expected, cut the fed ...

Core Viewpoint - Major lenders in Hong Kong, including HSBC, Standard Chartered, and Bank of China (Hong Kong), have maintained their prime lending and savings rates despite a recent cut in the base rate by the Hong Kong Monetary Authority (HKMA) [1][2][3]. Group 1: Prime Lending Rates - HSBC and its subsidiary Hang Seng Bank, along with Bank of China (Hong Kong), have kept their prime lending rate at 5 per cent [3]. - Standard Chartered, Bank of East Asia (BEA), and Shanghai Commercial Bank have maintained their lending rate at 5.25 per cent [3]. - Analysts indicate that banks are reluctant to lower lending rates further due to already low savings rates, which could impact profitability [2][7]. Group 2: Savings Rates - HSBC, Hang Seng, BEA, and Bank of China (Hong Kong) have set their Hong Kong dollar savings rate at 0.001 per cent per annum, offering no interest for deposits below HK$5,000 (approximately US$641) [5]. - Standard Chartered has maintained a 0.001 per cent savings rate on deposits of HK$1 or more, while Shanghai Commercial Bank has the same rate for deposits of HK$10,000 or more [5]. - HSBC has also reduced its US dollar savings rate by 12.4 basis points to 0.001 per cent, aligning it with the Hong Kong dollar rate [6]. Group 3: Market Context - The HKMA has cut its base interest rate for the third time in three months, reducing it by a quarter of a percentage point to 4 per cent [8]. - This rate cut follows a similar reduction by the US Federal Reserve, which lowered its target rate to a range of 3.5 per cent to 3.75 per cent [8].

Group 1 - Gold futures opened at $4,228.10 per troy ounce, down 0.4% from the previous closing price of $4,243 [1] - Analysts expect a quarter-point rate reduction from the U.S. central bank, with a 89.6% probability that the target rate will be lowered to a range of 3.50% to 3.75% [1][2] - The last PCE inflation report indicated a rise in prices by 2.8% in September, up from 2.6% in June and July, raising concerns about reducing rates while inflation remains above the Fed's 2% target [2] Group 2 - The price of gold has shown significant gains, with a one-year increase of 63.4% [4] - Gold futures prices have increased by 0.2% over the past week, 6.2% over the past month, and 61.4% over the past year [9] - Lower interest rates make gold more attractive compared to cash yields, potentially increasing demand for gold [3] Group 3 - Factors influencing gold prices include geopolitical events, central bank buying trends, inflation, interest rates, and mining production [13]

Asian shares are mixed after U.S. stocks held steadier as both bond yields and bitcoin stabilizedA person on a bicycle waits in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 1, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)BANGKOK -- Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized.U.S. futures rose and oil prices edged higher. Tokyo's Nikkei 225 jumped 1.1% to 49,864.68 on big gains for tech ...

Core Insights - The Nykredit Group has completed bond sales related to the interest rate adjustment for adjustable-rate mortgage loans to public housing, with loan rates set to be reset on January 1, 2026 [1][2]. Group 1: Interest Rate Adjustment - The interest rate adjustment for housing associations with a 30-year annuity loan has resulted in a cash loan rate of 2.60% [2]. - The loans are amortising and funded by government-guaranteed covered bonds (SDOs) issued through Capital Centre J [1]. Group 2: Additional Information - Detailed information regarding the auction results can be found on nykredit.dk, while bond sales information is available at nykredit.com/ir [2]. - Enquiries can be directed to Morten Søby Willendrup from Group Treasury or Corporate Communications for further details [2].