Federal Reserve

january 14 – Daily Market Update

14 January 26 – Daily Market Updates Market snapshot (as of early US morning) S&P 500 futures: 6972.5 (-0.42%) Stoxx Europe 600: 610.96 (+0.09%) Nikkei 225: 54341.2 (+1.48%) China CSI 300: 4741.9 (-0.40%) Bitcoin: 94935.56 (+0.92%) Global overview US: Equity futures edge lower as investors weigh a firmer labor backdrop against shifting interest-rate expectations. Options and rates pricing continue to lean toward a prolonged Fed pause, with markets trimming the odds of near-term cuts after resilient employment data. Europe: Regional benchmarks are modestly higher, led by defensives and select growth names. Focus remains on earnings season and sovereign funding conditions as governments ramp up issuance. Asia: Japan outperformed with the Nikkei setting fresh records amid optimism around policy support and corporate profitability. Mainland Chinese shares eased following steps to curb leverage in stock trading, tempering a powerful recent rally. Commodities Precious and industrial metals extended an early-year surge, with several benchmarks notching new highs. Tailwinds include: Expectations that global financial conditions will remain supportive even if the Fed stays patient. A bid for portfolio diversifiers amid geopolitical unease and concerns over sovereign debt loads. Improved sentiment toward manufacturing demand, including investment tied to data centers, electrification and automation. Ongoing supply frictions at mines and smelters that keep inventories tight. While momentum is strong, positioning has become crowded, leaving the complex sensitive to shifts in the dollar, policy signals, or evidence of demand cooling. Rates and currencies US rate markets reflect a higher-for-longer narrative relative to earlier assumptions, with some participants positioning for no additional policy easing this year. The debate now centers on how long the Fed can hold policy steady while inflation trends lower only gradually. The US dollar is broadly steady, limiting commodity tailwinds but not reversing them. European yields remain range-bound as investors monitor issuance and fiscal trajectories. Corporate and sector highlights Select megacap technology, semiconductor, and AI-adjacent infrastructure names remain in focus as capital expenditure plans for computing and power build-outs continue to scale. Auto and EV shares are mixed on shifting expectations for new model launches and profitability timelines. Consumer and luxury names are steady to firmer in Europe on optimism around wearable tech and premium accessories. Large European defense suppliers continue to explore primary listings and capital-raising options amid elevated demand visibility. In the US, major banks are set to report, offering a read on net interest income, credit normalization, deposit trends, and capital return plans. Policy and macro themes The central-bank outlook has become more nuanced: resilient jobs data reduce urgency for additional easing, but inflation progress remains key. Market-implied paths now cluster around a longer pause scenario with a narrower distribution of potential cuts. Policy headlines tied to elections and regulatory priorities are adding idiosyncratic risk, particularly for financials, defense, and consumer credit. Expect periodic volatility as proposals surface, even without immediate legislative traction. In Asia, selective regulatory tightening in equity financing aims to stabilize recent rapid gains, while pro-growth signals in Japan continue to underpin risk appetite. Digital assets Bitcoin gained modestly, extending a steady start to the week. Flows remain driven by broader risk sentiment and positioning rather than a single catalyst. What we’re watching Bank earnings for guidance on credit quality, charge-offs, and capital deployment. Corporate updates from AI, cloud, and power-equipment ecosystems for evidence of sustained capex. Any shifts in Fed communications or data that alter the implied rate path. Developments in Asian equity-market regulation and their impact on trading leverage and turnover. Primary issuance and IPO pipelines in Europe, notably in industrials and defense. Thoughts for investors Broader cross-asset leadership is constructive, but crowded trades in metals and AI-linked thematics increase the premium on risk management. With policy risk rising into an election-heavy year, sector diversification and attention to headline sensitivity are prudent. In rates, the distribution of outcomes has tightened around “steady for longer,” raising the importance of carry, curve positioning, and relative value rather than big directional bets. Disclosure This material is a general market commentary for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security, asset class, or strategy. Market levels are indicative and subject to change. Consider your objectives and risk tolerance before making investment decisions. Disclaimer: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of the Website must not be construed as personal advice. For retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. Rolling Spot Contracts and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of our retail client accounts lose money while trading with us. You should consider whether you understand how Rolling Spot Contracts and CFDs work, and whether you can afford to take the high risk of losing your money. january 13 – Daily Market Update January 14, 2026 14 January 26 – Daily Market Updates Market snapshot (as… Read More january 13 – Daily Market Update January 13, 2026 13 January 26 – Daily Market Updates Markets Daily—Broad Market… Read More Jan 12 – Daily Market Update January 12, 2026 12 Jan 26 – Daily Market Updates Markets Daily Your… Read More Jan 09 – Daily Market Update January 9, 2026 09 Jan 26 – Daily Market Updates Market at a… Read More Jan 08 – Daily Market Update January 8, 2026 08 Jan 26 – Daily

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Weekly Global Market News – Jan 12

Weekly Global Market News – Jan 12 Week Ahead: Markets focus on bank earnings, inflation updates and Arctic geopolitics Welcome to the new trading week. Activity picks up sharply with US bank results, a dense inflation calendar across major economies and a geopolitical storyline in the far north that could shape defence and energy narratives. Below is your concise roadmap for the week with potential market implications, a day-by-day agenda and the corporate names to watch. As market volatility adjusts to these shifting macro drivers, maintaining a disciplined focus on sector dispersion and policy signals will be essential for navigating the sessions ahead. Top themes to watch 1) US–Denmark–Greenland talks move into focus Why it matters: A high-level meeting involving the US Secretary of State, Denmark and Greenland is expected this week. Beyond the headlines, investors will consider implications for Arctic security, shipping routes, critical minerals and defense co-operation. Any signals around US presence or infrastructure in Greenland could filter into defense names, shipping insurers and the wider energy transition supply chain. Market angle: Defence contractors, specialty mining, marine insurers, Arctic shipping exposure, and to a lesser extent Nordic/EU policy risk. Keep an eye on oil and gas rhetoric if Arctic exploration or logistics are discussed. 2) France’s political risk radar France’s far-right leader Marine Le Pen begins an appeal in Paris over an EU funds case. While the legal process is the headline, markets will watch for any polling ripples that could influence OAT–Bund spreads, bank equities and the euro’s political risk premium. 3) Wall Street earnings season begins Banks in the spotlight: JPMorgan, Citigroup, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley report through midweek and Thursday. What to listen for: Investment banking: Is the M&A and equity underwriting recovery broadening or still concentrated in megacaps and AI-adjacent sectors? Markets divisions: Equities vs. FICC revenue mix, client activity, VaR trends and commentary on structured products. Net interest income: Trajectory as rate expectations evolve; deposit betas and mix shift. Credit quality: Card and auto delinquencies, office CRE, reserve builds/releases. Capital return: Buybacks/dividend intentions under current capital rules and balance sheet buffers. Read-throughs: Results will set the tone for US cyclicals, financials and broader risk appetite. 4) Inflation and growth check-ins United States: CPI (Tue) and PPI (Wed) should steer front-end rates, the dollar and rate-cut timelines. Markets will focus on services inflation, shelter components, and any re-acceleration signals. Euro area: France CPI (Thu) and Germany CPI (Fri) anchor the regional disinflation picture; Germany also publishes its preliminary estimate of last year’s GDP (Thu), giving a reality check on Europe’s growth pulse. United Kingdom: Monthly GDP for November (Thu), plus construction and production data. UK assets will be sensitive to any surprise that alters the path for BoE policy expectations. 5) Oil and Asia central banking OPEC’s Monthly Oil Market Report (Wed) lands amid ongoing supply discipline and demand questions. Watch revisions to demand growth and non-OPEC supply. South Korea: Policy decision (Thu). KRW, KOSPI and Asia credit spreads can be sensitive to tone changes on growth, housing and inflation. Day-by-day calendar Monday Central banks and surveys: Bank of England officials join the Bellagio Group meetings in London. Japan observes Coming of Age Day (markets closed). UK KPMG/REC jobs report. US Conference Board Employment Trends Index. Earnings: HCL Technologies (Q3), Tata Consultancy Services (Q3), Oxford Nanopore (FY trading update), Plus500 (FY post-close update). Tuesday Macro: US CPI and real earnings; Germany producer prices for agricultural products; UK BRC retail sales monitor. Corporate events and votes: Denny’s shareholder vote on proposed buyout. Earnings: JPMorgan (Q4/FY), Bank of New York Mellon (Q4), Delta Air Lines (Q4/FY), Games Workshop (HY), Gamma Communications (trading update), Grafton (trading update), Gym Group (FY pre-close), Hunting (trading statement), IntegraFin (Q1), PageGroup (Q4), Persimmon (trading update), SIG (trading update), Trustpilot (trading update), Whitbread (Q3). Wednesday Central banks: Fed Beige Book; speeches from Philadelphia Fed President Anna Paulson; Bank of England speakers in London and Singapore. Commodities: OPEC Monthly Oil Market Report. Macro: US PPI. Earnings: Bank of America (Q4), Citigroup (Q4), Wells Fargo (Q4), Infosys (Q3), Diploma (Q1), Hays (Q2), Liontrust (9M), Nichols (trading update), Pearson (FY trading update), Vistry (trading update). Thursday Macro: France CPI; Germany preliminary full-year GDP; UK monthly GDP (Nov), UK construction output and industrial production; South Korea policy decision. Policy and events: Fed Vice Chair for Supervision Michael Barr on stablecoins at Wharton. Earnings: Goldman Sachs (Q4), Morgan Stanley (Q4), BlackRock (Q4), Taiwan Semiconductor Manufacturing Co (Q4), Taylor Wimpey (trading update), Ashmore (Q2 AUM), Brooks Macdonald (Q2 FUMA), CAB Payments (trading update), Dunelm (Q2), Fuller Smith & Turner (trading update), Hostelworld (trading update), OMV (Q4 trading update), Oxford Instruments (trading update), Rathbones (Q4), Robert Walters (Q4), Safestore (FY). Friday Macro: Germany CPI/HICP. Policy: Fed Vice Chair Philip Jefferson speaks at a monetary conference in Florida. Earnings: State Street (Q4/FY), M&T Bank (Q4/FY), PNC Financial (Q4), Regions Financial (Q4), Reliance Industries (Q3/9M), MJ Gleeson (HY update). Earnings spotlight beyond the banks Asset managers: BlackRock’s flows and fee rates will inform passive/ETF growth momentum and appetite for private markets strategies. Semiconductors: TSMC’s capex plans, advanced-node utilization and AI/HPC commentary will set the tone for the chip supply chain. Airlines: Delta’s forward bookings, corporate travel mix and fuel cost guidance feed into transport cyclicality. UK cyclicals and housing: Trading updates from homebuilders and retailers (Taylor Wimpey, Persimmon, Dunelm, Whitbread) provide a read on consumer resilience, build cost inflation and housing transactions. India IT: TCS, Infosys and HCL Tech on deal pipelines, pricing and generative AI services mix. Cross-asset playbook Rates and FX A hotter US CPI/PPI tilt: Front-end yields up, curve bear-flattens, USD firmer, equities wobbly, gold softer. A cooler read: Duration bid, USD eases, risk assets supported, rate-cut expectations pull forward. Europe: Softer German/French inflation strengthens the disinflation narrative and supports peripherals; upside surprises reprice ECB paths and can widen spreads. UK: A strong GDP print could lift gilt yields and GBP; weakness would do the opposite. Equities Financials: IB/trading strength points

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Jan 05 – Daily Market Update

Leave a Comment / Market Updates, Daily Market Updates / PhillipCapital DIFC Research Team

05 Jan 26 – Daily Market Updates Markets Daily — Broad Market Update Market snapshot (as of ~6:35 a.m. ET) US equity futures: higher; tech leading gains while broader benchmarks grind up US 10-year Treasury: yield modestly lower near the mid‑4.1% area as haven demand persists Crude oil: little changed, WTI hovering in the high‑$50s US dollar: firmer versus majors; safe‑haven tone evident Precious metals: gold and silver extend recent strength Overnight and early session A risk-on tone is carrying into the new week, with global equities advancing despite a concurrent bid for traditional havens. Investors appear to be balancing geopolitical headlines with resilient earnings expectations and ongoing enthusiasm around AI-related capex. The result: tech-heavy benchmarks are outpacing broader indices, while defensives and commodity-linked names also attract interest. Rates and policy US Treasuries: The long end is slightly richer as investors weigh geopolitical developments and upcoming labor-market data. The curve is broadly steady, with modest bull-flattening bias. Policy outlook: Markets remain data-dependent. Softening inflation trends and mixed growth signals keep the door open to incremental easing later this year, but timing and pace will hinge on jobs, wages, and services inflation in the weeks ahead. Equities Leadership: Semiconductors and AI-adjacent hardware continue to power gains on expectations of robust data center and memory demand. Defense and aerospace stocks are bid amid geopolitical tension. Select energy names are supported by potential upstream investment narratives even as spot crude remains range-bound. Breadth: Participation is improving, though leadership remains concentrated in tech and a handful of cyclicals tied to infrastructure and industrial automation. Earnings lens: Early preannouncements suggest a bifurcation—AI-driven capex beneficiaries and productivity enablers are guiding firmly, while consumer-exposed names are more mixed given uneven discretionary demand. Commodities Crude oil: Prices are steady as the market weighs supply risk headlines against ample spare capacity elsewhere and a still-gradual demand trajectory. Near-term balances look manageable, keeping volatility subdued unless supply disruptions broaden. Precious metals: Gold’s uptrend reflects a mix of geopolitical hedging, firm central-bank buying, and lower real yields. Silver is tracking higher alongside, aided by industrial demand themes. Currencies and crypto FX: The dollar is modestly stronger, aligned with a cautious global bid for safety and slightly softer non-US growth data. High-beta currencies are under pressure, with select Latin American FX volatile on regional political risk. Digital assets: Major tokens are firmer, with sentiment supported by risk appetite in tech and ongoing institutional interest, though day-to-day moves remain headline-sensitive. What’s driving the tape Geopolitics: Developments in Latin America have stoked haven flows without materially denting the global growth outlook. Markets are assessing whether the situation alters energy supply paths or financing conditions—so far, the impact looks contained. AI investment cycle: The multi-year infrastructure build (compute, memory, networking, power) continues to underpin tech multiples and capex visibility across the supply chain. Fed path: With inflation progress uneven but improving, investors are focused on the upcoming US labor data and services gauges to refine expectations for the timing of any policy easing. The week ahead: key catalysts to watch US: ISM manufacturing/services, JOLTS, ADP, factory orders, weekly jobless claims, and the December payrolls report plus wage growth and participation. Consumer confidence and housing indicators round out the macro picture. Europe: Country-level inflation updates, unemployment, producer prices, and industrial production will guide the ECB outlook. Watch Germany and France CPI prints and Eurozone confidence surveys. Asia: China CPI/PPI and trade-related readings for demand signals; Japan household spending and leading indicators; Taiwan and regional CPI releases. Events: A packed tech calendar around major industry showcases and company updates may influence sector positioning and supply-chain sentiment. Positioning and levels to monitor US 10-year yield: 4.0%–4.3% zone remains pivotal for risk appetite and equity multiples. Equities: Momentum favoring large-cap tech persists; watch whether breadth improves into payrolls. Pullbacks toward recent support have been well-bid. Oil: A sustained break from the mid‑$50s to low‑$60s range would likely require clearer evidence of supply disruption or demand acceleration. Risks to the outlook Geopolitical escalation that materially impacts energy supply or shipping lanes Upside surprises in services inflation or wages that push back rate-cut timelines Profit margin pressure from rising input or financing costs Liquidity pockets and year-start positioning amplifying volatility Markets are threading the needle between robust tech-driven earnings narratives and a cautious macro backdrop. Geopolitical uncertainty is lifting havens but hasn’t derailed the equity bid. This week’s US jobs and global inflation updates are the next major checkpoints for rates and risk assets. This publication is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Market levels are approximate and subject to change. Disclaimer: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of the Website must not be construed as personal advice. For retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. Rolling Spot Contracts and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of our retail client accounts lose money while trading with us. You should consider whether you understand how Rolling Spot Contracts and CFDs work, and whether you can afford to take the high risk of losing your money. Jan 05 – Daily Market Update January 5, 2026 05 Jan 26 – Daily Market Updates Markets Daily —… Read More Jan 02 – Daily Market Update

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Dec 29 – Daily Market Update

Leave a Comment / Market Updates, Daily Market Updates, Uncategorized / PhillipCapital DIFC Research Team

Dec 29 – Daily Market Updates Markets Daily — Broad Market Update As year-end approaches in a holiday-shortened week, global markets are trading with a risk-trimming tone. Liquidity is thinner than usual, rebalancing flows are active, and headline sensitivity remains elevated across rates, commodities, and mega-cap technology. Market snapshot (as of 05:35 am ET; data provider times may vary) S&P 500 Futures: 6964 Stoxx Europe 600: 588.6 Nikkei 225: 50526.92 Spot Silver: 75.2 Bitcoin: 87888.95 Note: Market data may be delayed. Levels are for illustration and not tradeable quotes. What’s driving the tone Equities: US equity futures are modestly softer, led by a pullback in large-cap growth after an extended multi-quarter run. Europe is little changed, and Japan eased as investors continue to assess the path of domestic policy normalization and currency dynamics. Commodities: Precious metals are volatile with silver giving back part of recent outsized gains as profit-taking and position squaring set in. Industrial metals remain broadly supported by tightness narratives and infrastructure demand expectations. Digital assets: Major tokens are firmer after a choppy December, with interest supported by ongoing institutional product development and year-end positioning. Policy backdrop: Investors are parsing central bank communications for early-2026 guidance. In the US, attention is on recent meeting minutes and incoming labor and manufacturing signals. In Asia, policy normalization debates continue to shape rate and FX expectations. Geopolitics: Ongoing developments in key regions continue to influence defense, energy, and safe-haven flows. Markets are quick to reprice sector exposures on new headlines. Asset class roundup US: Futures softer with tech-heavy segments underperforming pre-market; defensives mixed. Year-end rebalancing and tax considerations are adding noise to intraday moves. Europe: Benchmark indices are flat to slightly lower. Cyclicals are uneven; defense-related names and select resources are showing higher beta to headlines and commodity swings. Asia: Japan declined; broader Asia mixed. Currency-sensitive exporters and rate-sensitive domestic sectors are diverging as local bond yields and FX adjust. Rates and FX: Core yields are contained in subdued holiday trading; curve moves are modest. The dollar is broadly steady, with yen and euro traders focused on policy-path differentials and growth surprises. Commodities: Silver is retracing after a rapid ascent; copper remains resilient. Energy benchmarks are rangebound as traders weigh inventory trends against growth and geopolitical risk. Crypto: Price action is constructive but volatile into year-end; flows remain headline dependent and liquidity can be patchy around holidays. Today’s focus and near-term watchlist US: Pending home sales, regional manufacturing signals, and weekly energy inventories will help shape the near-term growth and inflation narrative. FOMC minutes later in the week are a key read for policy tone and balance-sheet nuances. Europe: Preliminary inflation and growth indicators continue to inform the pace and timing of 2026 policy adjustments. Asia: Manufacturing and services PMIs, along with select CPI prints, guide the discussion on domestic rate paths and currency stability. Market mechanics: Expect thinner liquidity, wider bid-ask spreads, and potentially outsized moves around the European and US session overlaps. Quarter- and year-end portfolio rebalancing can create transient price dislocations. The week ahead (holiday-adjusted) Early week: Housing and manufacturing readings in the US; select labor and inflation updates in Latin America and Europe. Mid-week: Major PMIs in Asia; US policy minutes; weekly jobless claims; several markets observing early closes. Late week: Regional manufacturing and retail data in Europe and Asia; most markets shut for New Year’s Day. Themes to monitor into 2026 Earnings durability vs. elevated valuations in mega-cap growth. The path of disinflation and real rates, and implications for duration and equity multiples. Supply-demand balances in key commodities after sharp fourth-quarter moves. Currency realignments as policy paths diverge. Liquidity conditions and the impact of tighter financial conditions on lower-quality credit. Risk management considerations Holiday trading can amplify volatility; use limit orders and be mindful of execution in thin markets. Diversification and position sizing are critical amid cross-asset correlations that can shift quickly. For longer-term investors, focus on fundamentals and cash-flow resilience rather than short-term price swings. Housekeeping and disclaimer This publication is a general market update intended for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market levels are indicative and subject to change. Consider your objectives, risk tolerance, and consult a qualified advisor before making investment decisions. Disclaimer: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of the Website must not be construed as personal advice. For retail, professional and eligible counterparty clients. Before deciding to trade any products offered by PhillipCapital (DIFC) Private Limited you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. Rolling Spot Contracts and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of our retail client accounts lose money while trading with us. You should consider whether you understand how Rolling Spot Contracts and CFDs work, and whether you can afford to take the high risk of losing your money. Dec 29 – Daily Market Update December 30, 2025 Dec 29 – Daily Market Updates Markets Daily — Broad… Read More Dec 24 – Daily Market Updates December 24, 2025 Dec 24 – Daily Market Updates Markets Daily — Broad… Read More Dec 23 – Daily Market Updates December 23, 2025 Dec 23 – Daily Market Updates Markets Daily: Broad Market… Read More Dec 22 – Daily Market Updates December 22, 2025 Dec 22 – Daily Market Updates Markets Daily | Broad… Read More Dec 19 –

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january 14 – Daily Market Update

Weekly Global Market News – Jan 12

Jan 05 – Daily Market Update

Dec 29 – Daily Market Update

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