Morning Bid: Resilience vs quarter-end caution

The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness."Shares in the world's AI and chip darling roared back 6.8% on Tuesday for their best day in a month, enough to recover the previous day's slump, narrow the recent correction, and set the tone for a tech-led rise in U.S. and global equities.

There doesn't appear much from Tuesday's U.S. session, other than tech's bounce, to give a signal either way - the dollar rose a bit, Treasury yields were flat, and the tone from remarks by two Fed governors probably leaned on the hawkish side. The regional economic data calendar is extremely light on Wednesday, with only Australian inflation and manufacturing data from Singapore set for release.

The Aussie dollar is reacting accordingly - it is the second best performing G10 currency against the U.S. dollar this year behind sterling.

Source: Financial Digest (financialdigest.net)

Global Markets Christopher Kent Reserve Bank Of Australia

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning Bid: Tech that - Nvidia slump sours market moodThe wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Transatlantic split reopens as half-year nearsThrow in Friday's looming release of the Federal Reserve's favoured PCE inflation gauge and an ongoing slide in Japan's yen and China's yuan and it's a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Japan inflation eyed; yen and yuan slideJapanese inflation goes under the microscope on Friday, with scrutiny likely to be magnified more than usual given the yen's slide toward record lows, rising...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: On alert for yen intervention, US inflationIt's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury yields down a touch, though there was no obvious...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Asian stocks at 2-year high; China, Indonesia set ratesInvestors in Asia go into Thursday in a bullish mood with Asian stocks at two-year highs, boosted by strength in tech and calm across global markets that is ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Bailey likely to bail on rate changeBritish inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »