{"id":15887,"date":"2021-10-29T08:23:17","date_gmt":"2021-10-29T08:23:17","guid":{"rendered":"https:\/\/errante.net\/?p=15887"},"modified":"2021-10-29T08:27:18","modified_gmt":"2021-10-29T08:27:18","slug":"friday-round-up-of-the-markets","status":"publish","type":"post","link":"https:\/\/errante.net\/pt-pt\/friday-round-up-of-the-markets\/","title":{"rendered":"Friday Round-up of the Markets"},"content":{"rendered":"\n

Asian shares and U.S. stock futures slipped on Friday, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth, and inflation fears continued to weigh.<\/p>\n\n\n\n

Investors, particularly in bond and currency markets, are also worried about varied responses by central banks worldwide to rising inflation.<\/p>\n\n\n\n

As inflation concerns grow, central banks’ rate policies remain in focus.<\/p>\n\n\n\n

Speculation is rising that the Reserve Bank of Australia will not be able to stick with its guidance that it likely will not raise its 0.1% cash rate until 2024, after the Reserve Bank of Australia<\/a> again on Friday declined to buy bonds to defend its 0.1% target for the 2024 bond yield.<\/p>\n\n\n\n

That target is central to the RBA’s case, and as uncertainty around its prospects grows, Aussie bonds have sold off sharply.<\/p>\n\n\n\n

Yields on three-year bonds have surged 33 basis points this week alone to 1.08%,<\/a> the largest rise since 2009. A month ago, they were trading at 0.30%.<\/p>\n\n\n\n

Eurozone bond yields jumped on Thursday after European Central Bank President Christine Lagarde disappointed investors’ hopes she would calm their concerns over surging inflation and rate hikes.<\/p>\n\n\n\n

This sent the euro higher, gains it held in Asian hours on Friday at $1.1676<\/a>.<\/p>\n\n\n\n

Now all eyes are turning to the Federal Reserve, whose policy committee meets next week<\/p>\n\n\n\n

The dollar hovered near its weakest level in a month against major peers on Friday, hurt by a stronger euro as traders bet on earlier European interest rate increases and as an equity rally sapped demand for safer assets.<\/p>\n\n\n\n

The dollar was weaker, largely on losses against the euro, with the dollar index, which measures the U.S. currency against other majors, at 93.381<\/a>, just off its lowest level this month hit overnight.<\/p>\n\n\n\n

The New Zealand dollar<\/a> fell 0.3% to $0.71795<\/a> after a gauge of consumer confidence dipped sharply in October.<\/p>\n\n\n\n

In cryptocurrencies, Ethereum (ETH)<\/a> rose to a record $4,400, while bigger rival Bitcoin (BTC)<\/a> also gained to trade around $62,000, but down from the record $67,016.50 reached last week.<\/p>\n\n\n\n

Friday 29th October High Impact Events<\/strong><\/p>\n\n\n\n

The below times are GMT+3<\/p>\n\n\n\n