Market Volatility News and Data Series

Apple stock has been under pressure in recent days with news that the Chinese government was to ban officials from using the company’s phones at work. Shares are more than 5% down on the week, with one day vol on Thursday printing 46.65% against 31.14% for the month.

Keeping with tech and on a more optimistic note, Intel continued to extend its recent run of gains. The latest good news took the form of a foundry pre-payment with a chipmaker investing $300m in the business to aid production. One day vol sat at 70.51% against 51.88%.

In fiat currencies, price action was largely unremarkable but Sterling was something of an outlier after the Bank of England noted the end of its monetary policy tightening cycle may be in sight. One day vol on Sterling Aussie sat at 7.59% against 7.53% for the month.

Sugar keeps giving in terms of erratic price movements, reversing Wednesday’s slide and advancing back towards those three month highs. It’s the same supply/demand imbalance that is dominating, but one day vol remains elevated at 45.57% against 43.19% on the month.

And CMC’s proprietary basket of Cannabis stocks continues to act as something of an outlier and despite recent gains being consolidated, volatility still remains elevated. The one day print stood at 133.09% against 112% for the month.