Japan economy minister Yamagiwa on the contracting Q3 GDP data – optimistic for growth ahead
Japan’s economy contracted in the July to September 2021 quarter: Economy minister Yamagiwa On that economic package, this from earlier:
Read More »Dollar surges to new highs, stocks in retreat
Overnight Headlines *US stocks fell after +6% US CPI, Tech worst hit *USD hit 15-1/2 month high, EUR below 1.15 *Gold jumped to a five-month top at $1868 *Vix touches…
Read More »BpJ Minutes showed members said pent-up demand has yet to materialise in Japan
The Bank of Japan Minutes came out in recent trade and they showed that a few members said chip shortage, supply chain disruptions are weighing on glo
Read More »Risk mood on the up, yen suffering
Overnight Headlines *US stocks jumped as better-than-expected outlooks kicked off earnings *USD ended lower against most G10 peers *Gold is holding recent gains around $1800 resistance *Oil continues higher, nears…
Read More »Market Update – October 13 – All eyes on CPI
Supply chain disruptions are increasingly hitting production targets and adding to stagflation concerns. The bond market is overlooking Wednesday’s CPI data and the prospects for a hot report and the…
Read More »US CPI inflation is likely to remain high
US equities drifted with the S&P500 falling 0.24% and the Nasdaq dropping 0.14%. The looming start to the earnings season has probably deterred some investors from placing large positions. Soaring…
Read More »RBA unmoved, RBNZ up next as stocks and tech suffer
Overnight Headlines *US stocks sold off, closing at their lowest since July *USD eased versus its peers, but is in the green today *Oil jumped +2.5% to a three-year…
Read More »Risk-off kicks off the final quarter
Overnight Headlines *US stocks tumbled with the S&P500 posting its worst month since March 2020 *USD consolidated nears its recent highs *US 10-year bond yields ended lower again as bonds…
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for September 51.5
Preliminary was 51.2 51.5 in September is the lowest for 7 months. Meanwhile, input prices rose at the fastest pace since September 2008. Says the Markit commentary (in brief):
Read More »Japan seeks to lift state of emergency at end-September
Reuters has reported that the Japanese government will seek advisers’ approval to lift all emergency curbs at the end of the month as the number of ne
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