Australian data: Trade Surplus beats, Building approvals beats
January 2025 data: The decline in imports is due to both capital and consumer goods. The jump in exports attributed to non-monetary gold. *** “Non-monetary gold” refers to gold that…
Read More »Australia January business confidence +4 (prior -2)
National Australia Bank business survey, for January 2025: Business Confidence +4, improved on expectations of lower interest rates prior -2.0 Business Conditions +3 prior 6.0 sales (down 4 to 6)…
Read More »There is an OPEC+ (JMMC) meeting scheduled for today, to review current market conditions
OPEC is set to hold its Joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) meeting today to review current market conditions. No recommendations for broader policy changes are anticipated. Under the existing…
Read More »Bank of America says US 10 year yield is unlikely to rise above 5.25%!
Economists at Bank of America forecast the yield on US 10 years to 4.75% this year, but concede it could rise higher: could get above 5% depending on the Federal…
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY pulls back from above 158.00
China’s MIIT predicts a 5.7% y/y growth in industrial output for the January to December China’s industrial profits decline four straight months, but at a slower rate Japan finance minister…
Read More »Japan October Industrial Output +2.8% m/m (preliminary +3%) +1.4% y/y (prelim -2.6%)
Final industrial output data, Japan October 2024 +2.8% m/m +1.4% y/y Improvements from September. The preliminary readings for this was: Industrial Output +3.0% m/m (prior was +1.6%) Industrial Output -2.6%…
Read More »Australian October business confidence 5 vs. prior -2
National Australia Bank monthly survey of business, for October 2024 Business Confidence +5, highest in nearly two years prior -2 Business Conditions +7 prior+7 — Some of the sub indexes:…
Read More »Australian Q3 PPI +0.9% q/q (expected +0.7%)
Australia PPI (Q3) +0.9% q/q expected 0.7%, prior 1.0% For the y/y +3.9% prior +4.8% The Producer Price Index (PPI) measures a change in input prices of raw, semi-finished or…
Read More »Wall Street Journal poll puts Trump ahead of Harris, 47 to 45
The Wall Street Journal reports its latest national survey, finding that Trump is leading Harris by 2 percentage points, 47% to 45%. The journal caveats with: within the polls’ margins…
Read More »Morgan Stanley prefers Chinese stocks trading offshore over those listed on the mainland
Morgan Stanley has recommended that investors rethink their preference for Chinese stocks listed on the mainland in favor of those traded internationally. According to a Bloomberg (gate) report, this change…
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