Japan Jibun preliminary manufacturing PMI for December 48.0 (prior 47.9)
Jibun / S&P Global Preliminary December PMIs for Japan: Manufacturing 48.0 vs. 47.9 prior Services 52.7 vs. 51.5 prior Composite 51.1 vs prior 50.0 This article was written by Eamonn…
Read More »JP Morgan warn on ‘boiling frog’ US$34 trillion debt – could easily become unsustainable
Media reports on the US’ $34 trillion debt pile: JP Morgan say it could well be a “boiling frog” phenomenon for the economy, as higher deficits and ballooning debt servicing…
Read More »USD/JPY hit hard after the terrible GDP figures, back under 143.50
USD/JPY has dropped to under 143.30. It was trashed even lower overnight and rebounded to 144: ForexLive Asia-Pacific FX news wrap: Ueda talks about exit, yen rallies ForexLive European FX…
Read More »Australian October 2023 Private Sector Credit +0.3% m/m (expected +0.4%)
Data from the Reserve Bank of Australia Headline is up 0.4% m/m and 4.8% y/y Housing credit up 0.4% m/m (house price being launched into orbit will do that) business…
Read More »Australia October Retail sales -0.2% m/m/ (expected +0.1%)
Australian retail sales for October 2023 -0.2% m/m expected +0.1%, prior +0.9% for the y/y, +1.2% There is little faith in the figures at this time of year, the relatively…
Read More »Goldman Sachs highlights China’s property sector negative feedback loop
Goldman Sachs on China, in brief from a video interview on CNBC, I’ve pulled out some points: consumption strength may be related to the singles day sales (November 11) remains…
Read More »Federal Reserve speakers Thursday include Williams, Mester, Waller, and more
The times listed below are in GMT/US Eastern time layout: 1210/0710 Federal Reserve Vice Chair for Supervision Michael Barr participates virtually in “Bank Supervision and Regulation” discussion before the Seventh…
Read More »Australian data: Q3 PPI 1.8% q/q (prior 0.5%) 3.8% y/y (prior 3.9%)
That’s a very substantial q/q rise for the PPI. — The Producer Price Index (PPI) measures a change in input prices of raw, semi-finished or finished goods and services. If…
Read More »IMF: Yen’s recent declines are driven by fundamentals, criteria not met for intervention
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again…
Read More »Australian September business confidence unchanged at +1
National Australia Bank Business Survey for September 2023 business confidence unchanged at +1, its third month in a row at this level business conditions +11, from +14 in August Highlights…
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