Market Overview

The positive tone on the credit markets continued last week. iTraxx Main tightened 12bp to 92.5bp, while iTraxx Crossover tightened 54bp to 374bp.In the Nordic region we saw issuance from Norway's...

In overnight news, continuing concerns over the slowdown of the Chinese economy was highlighted by extremely disappointing international trade numbers. According to the Customs General Administration...

Calm after the stormThe US economic calendar is thinly populated this week following on from Friday's surprise jump in Non-Farm Payrolls. However there is plenty of news due from elsewhere to keep us...

Aussie is so far the strongest major currency this month and hit an eight month high against dollar yesterday. While commodity currencies are generally lifted by return of risk appetite, the surge in...

Iron ore surge – bullish signal or warning signal?Huge moves in the commodities space overnight have not translated well into the equities markets striking a note of caution that this current...

Going only from the conventional interpretation of the optimistic 242,000 in payroll gains Friday, it is still remarkable how more than one-fifth of those purported job creations in February were due...

Some data shows that German manufacturing is struggling But German industrial output should post its first monthly rise in three months Spanish industrial output has maintained a robust pace in...

ECB president Mario Draghi is under self-imposed pressure to do something dramatic on March 10 to ward off fictitious problems that he associates with consumer price deflation.To that end, the market...

Extraordinary European Expectations: With Draghi and the ECB in play tomorrow night, attention stays on the euro during today’s trading session amidst mixed expectations.While expected to...

Note: This commentary has been updated to include Friday's release of Nonfarm Employment for February.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which...

A Canadian dollar at 75c• 242,000 jobs created in February (190,000 expected)• Unemployment rate at 4.9%• Labor force participation rate (often used to criticize an unhealthy job...

China confirmed that the growth target for 2016 will be 6.5-7%. A plan to reduce overcapacity in the steel sector has driven a rally in raw material prices adding to recent gains. FX reserve data...

Early Tuesday in Tokyo, Japan will announce revisions to Q4 GDP. A downward revision to business spending risks shaving the initial estimate from a contraction of 1.4% at an annualized rate to 1.5%....

Earnings Expectations Dropping RapidlyMarkets tend to peak before weakness shows up in economic and corporate data. The S&P 500 has not posted a new high since May 2015. Markets may have...