Gold starts the week around 4,100 USD per ounce after a strong US labour market report. After reaching a local high of 4,106 USD, gold fell nearly 1% to 4,060 USD as the data reinforced expectations of a Fed rate hike in December. The US economy added 165,000 jobs in October, well above the forecast […]
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A narrow centre-right lead after Saturday’s New Zealand election reduces the immediate risk of a more dovish RBNZ mandate, giving the New Zealand Dollar mild support. But the one-seat majority is fragile with special votes Read more…
Markets The blowout October payrolls report resulted in textbook bear flattening of the US yield curve with Treasuries outperforming Bunds. Front-end rates added 5 bps, long-term maturities rose by 1.1-2.2 bps in the 10-30-yr bucket. Read more…
In focus this week In the euro area, the Eurozone’s group of finance ministers will take stock of the two candidates to succeed Lagarde as ECB President. Spaniard De Cos and Dutchman Knot were the Read more…