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…
Read More »Australian private survey September CPI 0.0% m/m (prior 0.2%)
Melbourne Institute monthly inflation gauge flat m/m prior +0.2% +5.7% y/y prior +6.1% For the trimmed mean, +0.1% m/m and +5.1% y/y prior +0.1% m/m and +5.7% y/y This indicator…
Read More »Chinese authorities are investigating suspicious commodity trades
Bloomberg has the report saying Chinese authorities are accelerating a crackdown on some commodities transactions they view as offering little economic benefit: have escalated probes into trades they suspect are…
Read More »ICYMI: JPMorgan artificial intelligence aims to decipher Fed speeches, give trade signals
Bloomberg reported on this earlier in the week, as did other outlets. JP Morgan analysts are experimenting with a ChatGPT-style language model to divine policy signals in Federal Reserve statements…
Read More »North Korea not answering daily ‘hotline’ call from South Korea, fifth consecutive day
Yonhap with the report: North Korea remained unresponsive to daily routine calls with South Korea through an inter-Korean liaison communication channel for the fifth straight day Tuesday, according to Seoul’s…
Read More »Markets in Hong Kong and China are closed for a holiday today
<p>A heads up for local holidays here in Asia. </p><ul><li>It's the Qingming Festival / Tomb Sweeping holiday. </li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.
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