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The S&P 500 opened 0.2% higher while the Nasdaq Composite is up 0.4%. US Treasury yields are down 3-4 bps across the curve.SPX dailyApple shares are up 0.9% despite another report highlighting how China has told government employees and contractors not to use...

No comments on monetary policyFed is 'a long way' from any decision on CBDCWould only proceed with clear support of executive branch and legislation from CongressSays he remains 'deeply concerned' about stablecoin issuance without strong federal oversightThere's...

There might be a seasonal factor to the August bump, as this survey isn't seasonally adjusted.“August brought a stop to wholesale price declines, though it was only a small reversal of the larger magnitude declines so far this spring and early summer,” said Chris...

Monday:ECB’s Wunsch (hawk – non voter) remains in favour of raising interest rates again:Underlying inflation remains persistent, may need more rate hikes.I’m inclined to say we maybe need to do a little bit more.The idea that we’ll have to come to a pause at a...

Prior was -6.4KFull time +32.2K vs +1.7K priorPart time +7.8K vs -8.1K priorParticipation rate 65.5% vs 65.6% priorAverage hourly wages permanent employees +5.2% y/y vs +4.7% expected (+5.0% prior)Total average hourly wages 4.9% y/y vs 5.0% priorUnemployment rate 5.5%...

Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields down 1 bps to 4.252%Gold up 0.2% to $1,923.44WTI crude up 0.7% to $87.48Bitcoin down 0.6% to $25,840It was a quieter session as traders are not left...

The move here is largely to try and bolster support before next year's voting, in which Kishida looks likely to face strong opposition to his position as prime minister. This is also seen as a move to try and ensure public confidence amid doubts creeping in about the...

The greenback is pretty much flat against the euro, yen, and pound while keeping little changed against the franc and loonie. It is only the aussie and kiwi which are slightly higher in trading today but the gains there aren't anything too significant. AUD/USD is...

Considering how markets are extremely sensitive to US data at the moment, it is best to be prepared for more potential landmines to come before we get to the next FOMC meeting later this month. In the next week, there are going to be some major economic releases and...

The odds of a 25 bps rate hike are seen at ~36% as of today, with traders not entirely convinced of there being no rate hike. But also not enough to think that the likelihood of a rate hike being rather considerable. As much as I want to decipher the numbers, I would...

This continues from yesterday: China has widened existing curbs on use of iPhones by state employees - reportThe report here highlights that an employee at a state-owned company in Beijing said she received a confidential notice in early September on restricting the...

It's not a good look once again for equities as the risk mood begins to stumble in European morning trade. The early rise didn't last long with US futures now turning negative as well:S&P 500 futuresIn Europe, major indices are now down 0.4% to 0.5% across the...

The institute previously saw the German economy contracting by 0.2% but have revised the projection lower to 0.4% now, owing to a surprisingly weak second quarter. DIW notes that:"Households' spending mood should benefit from significantly lower inflation, but the...