Eamonn Sheridan

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Central Banks
scissors cut snip 27 August 2025 2
Central Banks

JPMorgan now expects Fed rate cut in December after dovish Fedspeak shift

  • The Fedspeak shift has very firmly reinforced market conviction in a December cut, supporting front-end duration and keeping downward pressure on the USD, especially against higher-yielders.
News
Shopping retail spending
News

New Zealand Q3 retail sales show huge jump, much improved from Q2

  • The Reserve Bank of New Zealand cut its cash rate target yesterday and signalled an end to the cutting cycle
Stock market update
S&P 500
Stock market update

BofA turns cautious, sees muted S&P 500 gains as valuations and AI risks rise

  • BofA expects only a ~5% S&P 500 gain by 2026, with valuations set to compress despite double-digit earnings growth. Liquidity support is thinning, leadership is shifting toward capex and staples, and AI faces monetisation and power-demand risks.
News
Trump Canada
News

Carney to meet Trump at World Cup draw as Canada-U.S. trade talks remain frozen

  • Little direct market impact, but the unresolved Canada-U.S. trade rift keeps mild downside pressure on CAD sentiment, particularly in sectors sensitive to tariff risk.
News
Economic data
News

Economic calendar in Asia Thursday, November 27, 2025 - New Zealand and Australian data

  • Asian Economic Calendar: Key events and consensus expectations for 27 November 2025
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