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…
Read More »USD/JPY moves above 143.00
The only news of note has been the rate cut from the US Federal Open Market Committee (FOMC) on Wednesday: Just waking up? Here’s the short summary of Wednesday’s FOMC…
Read More »“Overlooked green shoots” for China – improving growth seen ahead
In summary from analysts at Invesco Asia Trust on their outlook for China. Say that factors leading to ingrained pessimism on the economy include: faltering demand in the property market…
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