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04.09.26 - 15:12
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′Good News Is Bad News′: Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold (ZeroHedge)
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'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold
A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)...
Audrey Childe-Freeman, Bloomberg Intelligence's chief FX strategist:
“The strength in the latest NFP report will validate Sept. Fed rate-rise talks and most likely give the dollar a short-term-yield-driven lift.”
“But that's priced, and unless the Fed signals the beginning of an aggressive tightening cycle, the Fed-driven dollar upside may be contained into 4Q.”
That in turn is hammering the short-end of the yield curve...
And weighing on stocks...
Based on JPMorgan's matrix, we should see a drop in the S&P of between 0.5% and 1.25%...
Significantly more than the options market implied (+/-0.52%)...
The dollar jump...
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04.09.26 - 11:06
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Can Hong Kong outshine Singapore as central banks rethink gold custody amid global risks? (SCMP)
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As the Netherlands moved gold out of the US and Canada over geopolitical concerns, attention is turning to whether Hong Kong can capitalise on central banks rethinking where they keep their bullion.
The city faces competition from Singapore, which is expected to launch central bank gold-vaulting services in October as part of efforts to cement its status as a gold trading hub in Asia.
Where central banks chose to store gold came down to three factors, said Iggy Ioppe, a Wall Street veteran with......
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04.09.26 - 08:01
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Gold: Goldman Sachs bleibt bullish! (Der Aktionaer)
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Goldman Sachs erwartet eine anhaltend starke Goldpreisentwicklung. Konkret rechnet die Investmentbank damit, dass sich der Goldpreis bis zum Jahresende auf 4.900 US-Dollar verteuern könnte – gegenüber dem aktuellen Niveau ein mögliches Plus von elf Prozent....
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