News & Analysis

Stocks and bonds trade on primary and secondary markets. Most retail traders have access to the latter. Let’s take an in-depth look at secondary markets.

The FTSE 100 is muted this morning as Wizz Air shares fly higher as it reaches a turning point.

The Bank of Canada’s (BOC) hawkish hike weighed on sentiment as it rekindled some concerns that central banks are not as close to their terminal rates as originally thought.

A surprise hike by the BOC (and RBA earlier this week) saw tech stocks and gold fall but support yields as traders reconsidered the potential for the Fed to hike next week.

The market-leading Nasdaq 100 fell as Treasury yields push higher ahead of next week's meeting of the Federal Open Market Committee. Canada’s central bank unexpectedly raised interest rates by 25 basis points, adding to market apprehension on what might come for US rates. Fed Fund futures trading puts just 36% odds of a rate hike on next week's meeting, up from 22% odds yesterday, leading to some profit taking in tech stocks.e Nasdaq 100 fell on profit-taking in tech stocks as Treasury yields push higher ahead of next week's meeting of the Federal Open Market Committee. Canada’s central bank unexpectedly raised interest rates by 25 basis points, adding to market apprehension on what might come for US rates. Fed Fund futures trading puts just 36% odds of a rate hike on next week's meeting, up from 22% odds yesterday, leading to some profit taking in tech stocks.

The Nasdaq 100 fell on profit-taking in tech stocks as Treasury yields push higher ahead of next week's meeting of the Federal Open Market Committee. Canada’s central bank unexpectedly raised interest rates by 25 basis points, adding to market apprehension on what might come for US rates. Fed Fund futures trading puts just 36% odds of a rate hike on next week's meeting, up from 22% odds yesterday, leading to some profit taking in tech stocks.

After Tuesday’s sharp recovery off the lows, crude oil prices have pushed higher, erasing much of the post OPEC dump. As prices reverse, this continues to bolster the short-term crude oil outlook.

USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase

Stocks are muted in quiet trade. Attention is turning to next week's Federal Reserve meeting.