US Nonfarm payroll report due Friday, 8 July 2022 – preview
Due at 1230 GMT: Snippet via Société Générale: Employment gains are slowing, and we view this as inevitable as more of the unemployed have found jobs and the unemployment rate has…
Read More »Here’s why betting against the BOJ is a ‘widow maker’ trade
This from Bloomberg (gated) ICYMI, tracing some of the history of bets made against the Bank of Japan since, at least, 1994. 1994! Betting against the BOJ has confounded some of…
Read More »China COVID update. Beijing further relaxes curbs, Shanghai declare victory … but …
Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut…
Read More »Australian data – Westpac monthly consumer confidence for June: -4.5% (prior -5.6%)
The index drops to 86.4 from 90.4 in May. Monthly survey confirming the downwardly spiralling weekly survey results: Australia data – ANZ Roy Morgan weekly consumer confidence 80.4 (prior 87)…
Read More »Reuters poll on Federal Reserve expectations: 50bps in June and July with more to follow
Reuters poll report holds no surprises: The U.S. Federal Reserve will hike its key interest rate by 50 basis points in June and July, with rising chances of a similar…
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