China says willing to work with US to resolve trade concerns through dialogue
Strongly dissatisfied with US tariffs on Chinese goods Tariffs undermines normal economic, trade cooperation between the two countries Hopes to resolve concerns through equal dialogue and consultation Willing to work…
Read More »ForexLive European FX news wrap: Currencies muted awaiting US jobless claims, Trump
Headlines: Heads up: Trump set to address world leaders in Davos later today Weekly update on interest rate expectations ECB’s Escriva: We still have restrictive policy France January business confidence…
Read More »Spain December preliminary CPI +2.8% vs +2.6% y/y expected
Prior +2.4% HICP +2.8% vs +2.6% y/y expected Prior +2.4% The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4%…
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
Read More »RBA’s Bullock: We did not explicitly consider an interest rate cut today
We looked at what we found since the previous meeting And used that to ask the question whether the current policy stance is appropriate or not The discussion was mostly…
Read More »Inflation data remains in focus in Europe today
Major currencies are little changed for the most part with only the Japanese yen being the slight mover in the handover from Asia to Europe. It comes after the BOJ…
Read More »China mulls approving fresh fiscal package worth over ¥10 trillion next week
It is being reported that Beijing is looking to approve next week the issuance of over ¥10 trillion in extra debt over the next few years in order to revive…
Read More »Reminder: Daylight savings concluded in Europe over the weekend
This serves as just a bit of a reminder and a heads up to the session ahead. For those unaffected, this will mean European markets opening an hour “later” than…
Read More »ECB’s Holzmann: A 25 bps rate cut is probable in December
As a reminder, it was also “probable” that the ECB would’ve paused in October. And look at how things played out instead. It’s all about the data at this stage…
Read More »Dollar looks to settle lower after some back and forth trading this week
If the Fed wants to organise things in an orderly manner, the market sure isn’t letting them do so. The odds of a 50 bps rate cut dwindled after the…
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