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Nomura flag higher tariffs, weaker global demand, more policy uncertainty to weigh on Asia
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ICYMI – China left benchmark lending rates unchanged for November, as expected
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PBOC sets USD/ CNY mid-point today at 7.1935 (vs. estimate at 7.2386)
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“Yen Weakens as Japan’s Verbal Warnings Appear to Be Losing Effectiveness”
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People’s Bank of China leaves its interest rates unchanged, as expected
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JP Morgan 2025 US outlook – unemployment rise, growth downshift, Core PCE infl still > 2%
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UK – Official statistics painting an overly pessimistic picture of labour market
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Australian Leading Index first clear ‘above-trend’ result since November 2023
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Japan October trade balance -461bn yen (expected -360bn yen)
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Former Fed Reserve Gov Warsh for Treasury Secretary? On irresponsible government spending
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US federal govmt debt to rocket to 122% of GDP – higher volatility, higher interest rates
A note from TD argues that U.S. debt levels are poised to surge, raising long-term concerns for Treasury markets. TD analysts say that the U.S. federal government's structural deficits are projected to drive its debt-to-GDP ratio to 100% in 2024 and 122% by 2034. This...
Trump said to consider Crypto lawyer Teresa Goody Guillén to lead SEC Chair
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Despite the trend higher in the US 10 year Treasury yield stocks have further 2024 upside
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ICYMI – Chinese vessel spotted where Baltic Sea cables were severed
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Forexlive Americas FX news wrap 19 Nov: CAD moves higher w/higher CPI. USD is mixed.
Markets:Gold up $21 or 0.81% at $2632.71US 10-year yield 4.398%, -1.6 basis pointsUS 2-year yield 4.284%, +0.1 basis pointsWTI crude oil up $0.08 at $69.26S&P 500 rose 0.40%NASDAQ index rose 1.04%Russell 2000 rose 0.80%The US dollar was mixed in trading today with...
Oil – private survey of inventory shows a large headline crude oil build vs expectations
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US broader indices close higher. Dow industrial average moves lower.
The broader US stock indices led by the NASDAQ index closed higher. The Dow industrial average meanwhile fell.The final numbers are showing: S&P index +23.36 points or 0.40% at 5916.98NASDAQ index rose 195.66 points or 1.04% at 18987.47Russell 2000 rose 18.48...
Fed’s Barr speaking, doesn’t comment on the economy or monetary policy
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