Finance AM

Westpac Bank

About

This is your daily morning briefing. With commentary and analysis from Westpac's Institutional Research team, Finance AM brings you insights on today's business news, the markets, FX and more. In one short bulletin, you'll get the heads up on what will drive markets in the day ahead.

Any information provided in this podcast series is general in nature and has been prepared without taking into account any personal circumstances.

Available on

Community

1077 episodes

290224

The US dollar is slightly higher, the NZD and AUD extending yesterday’s declines. Short maturity bond yields are slightly lower.

3m
Feb 28
280224

There was little net movement in bond yields, currencies or US equities overnight, and little news of note.

2m
Feb 27
270224

Bond yields rose ahead of large US treasury auctions, while the US dollar was little changed amid little major news.

2m
Feb 26
260224

Bond yields fell but the US dollar and equities closed little changed. There was little major news for markets to digest.

3m
Feb 25
230224

The US dollar is little changed amid stronger equities’ sentiment and solid economic data. The S&P500 rose 2.2% to a fresh record high in the wake of Nvidia’s earnings result. Bond yields rose following solid global PMI data.

4m
Feb 22
220224

US bond yields rose ahead of a poorly subscribed 20yr treasury auction and the FOMC minutes. The US dollar is little changed, while equities are slightly lower.

4m
Feb 21
210224

Bond yields fell amid dovish BoE comments, softer EZ wage data, and softer Canadian inflation data. The US dollar and US equities also fell.

4m
Feb 20
200224

Markets were mostly contained during the US holiday, with implied bond yields rising slightly, and the US dollar little changed.

2m
Feb 19
190224

Bond yields rose following stronger than expected US producer price inflation data, hurting equities (S&P500 -0.5%), while the US dollar saw little net change.

2m
Feb 18
160224

The US dollar fell following softer US retail sales and industrial production data. The S&P500 is up 0.5%.

4m
Feb 15
150224

Bond yields fell following some dovish Fedspeak, PPI revisions, and softer UK CPI data. The S&P500 is up 0.3%,and the US dollar is slightly lower

5m
Feb 14
140224

US inflation data was stronger than expected, causing bond yields and the US dollar to rise sharply. The S&P500 is down 1.3%.

3m
Feb 13
130224

US equities remained upbeat, the S&P500 up 0.4% to a fresh record high. The US dollar and bond yields are marginally lower. There was little news of note.

3m
Feb 12
120224

US equities remained upbeat, the S&P500 closing up 0.6% at a fresh record high, markets relieved that US CPI data revisions were benign. The US dollar fell slightly, while bonds yields rose slightly.

4m
Feb 11
090224

Bond yields and the US dollar rose slightly amid little major news for markets.

3m
Feb 08
070224

Bond yields and the US dollar fell amid little major news flow and mixed Fedspeak.

3m
Feb 06
050224

Bond yields, the US dollar and equities all rose sharply after much stronger than expected US payrolls data, the S&P500 up 1.1% to a record high.

5m
Feb 04
020224

Bond yields are lower after a volatile session amid mixed economic data. The US dollar is also lower while equities are higher, the S&P500 up 1.0%.

5m
Feb 01
010224

Bond yields and the US dollar initially fell after softer US labour data, but then retraced after the FOMC statement which was slightly less dovish than markets had expected. The S&P500 is down 0.7%.

4m
Jan 31
310124

Bond yields jumped after stronger US economic data on the eve of the Fed’s rate decision. Currencies were only slightly ruffled.

4m
Jan 30
300124

Bond yields fell slightly amid some dovish comments from ECB officials. The US dollar was slightly firmer.

3m
Jan 29
290124

US bond yields rose following data showing stronger personal spending, helping the US dollar recover early session losses. Equities were little changed.

3m
Jan 28
260124

The US dollar rose slightly and bond yields fell slightly, while the S&P500 rose 0.1% to a fresh record high. The ECB held steady, and US GDP data showed solid growth and muted inflation.

4m
Jan 25
250124

Market sentiment was buoyant, helped by easing from China’s central bank and stronger US PMI data. The S&P500 is up 0.4% to a record high, the defensive US dollar is lower, and bond yields are higher.

4m
Jan 24
240124

The US dollar and bond yields rose during a session with little major news flow. The S&P500 nudged 0.1% higher to a fresh record high.

2m
Jan 23
230124

Equity markets remained upbeat, the S&P500 up 0.2% to a fresh record high. Despite that, AUD and NZD fell slightly, as did bond yields.

2m
Jan 22
220124

Upbeat sentiment in equities markets saw the S&P500 rise 1.2% to a record high. That, and surveyed inflation expectations receding, depressed the US dollar slightly, while bond yields were mixed.

3m
Jan 21
041223

Bond yields and the US dollar fell after Fed chair Powell’s comments which were less hawkish than expected. Also contributing to the moves were softer than expected US ISM manufacturing data and dovish ECB-speak. The S&P500 rose 0.6%.

4m
Dec 03, 2023
011223

Bond yields rebounded and the US dollar rose, despite PCE inflation declining as expected. Markets are looking ahead to Fed chair Powell’s comments tonight.

3m
Nov 30, 2023
301123

Bond yields fell slightly further, helped by softer German inflation data, while the US dollar rose slightly amid mixed Fedspeak and US data.

5m
Nov 29, 2023