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
Read More »Japan Jibun Bank / Markit preliminary September Manufacturing PMI 51.2 vs. prior 52.7
The flash PMIs for Japan this month, the final reading for these will come from next week. Jibun Bank Manufacturing PMI 51.2 Services 47.4 Composite 47.7
Read More »Bank of Japan (BoJ) Preview: Monetary Policy to Hold Steady
The Bank of Japan is set to hold a monetary meeting across 21 – 22 September 2021, as markets have their eyes on Japan’s ruling party leadership race.
Read More »Japan set to extend State of Emergency in Tokyo, other areas to end September
Economy Minister Nishimura statement. This is a snap from Google, maybe an end is in sight to restrictions in Japan, but not yet it seems.
Read More »Japan data – Q2 GDP +0.5% q/q (vs. preliminary of +0.3%)
The preliminary Japan Q2 GDP data can be found here: The revised numbers coming in stronger than initially indicated in the flash. more to come
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