Big drama on Wall Street overnight as AI dragged tech stocks down heavily with the NASDAQ losing nearly 4% as Nvidia and others lost significant ground. Broader industrial shares were hit as well with European stocks also failing to advance, sending a dark signal for Asian markets on this morning’s open. The USD is getting
CoreLogic’s daily dwelling values index shows that home values continue to decline across Sydney and Melbourne, down 0.3% and 0.5%, respectively, over the past 28 days. Data from CoreLogic also shows a sharp rise in the number of homes listed for sale across Sydney and Melbourne in recent weeks. The number of dwellings on the
CTAs and systemics aggressively bought Australian dollars last week, undoing some of the recent bearish imbalance. BofA has more. With trend followers stretched long USD and only moderately long US equities, the SG CTA benchmark posted declines on the week. In FX, our model covered short EUR, GBP, and AUD positions this week and is