China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
China retail sales, industrial output, investment data for August 2024 – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) expected 2.5%, prior 2.7% Industrial Production +4.5% (YoY) (Aug)…
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…
Read More »ForexLive Asia-Pacific FX news wrap: USD/JPY swings again on BoJ comments
US firms optimism in China has fallen to its lowest level ever JPMorgan still expects a 50bp Federal Reserve interest rate cut next week Japan wholesale inflation dipped due to…
Read More »“Overlooked green shoots” for China – improving growth seen ahead
In summary from analysts at Invesco Asia Trust on their outlook for China. Say that factors leading to ingrained pessimism on the economy include: faltering demand in the property market…
Read More »Swiss data in focus in the session ahead
The dollar is keeping in a decent spot to start the day, with risk sentiment a little more sluggish to start the month. S&P 500 futures are down 0.2% and…
Read More »North American holiday to dampen the mood to start the week
That will sap quite a bit of energy from markets to kick start the new week at least. But it’s a brand new month and we’re already in September now…
Read More »Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report
US July core PCE +2.6% y/y vs +2.7% expected OPEC+ is likely to proceed with a planned gradual production increase from Oct — report US August UMich final consumer sentiment…
Read More »NZDUSD tests close to 0.63 after earlier NZ data
The NZD is on another run higher this morning, testing close to the 0.63 psychological level. The NZD has caught many by surprise after the currency failed to push lower…
Read More »Australia’s S&P/ASX 200 index opened down -0.28% at 8048.50
Australia’s S&P/ASX 200 and exit opening to -0.28% at 8048.50. Yesterday the index moved lower initially but then rebounded into the close closing little changed on the day. This article…
Read More »IMF chief economist says Bank of Japan rate hikes a good development for Japan
IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a…
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