Full Story via EMW on PiQ SuiteSouth Korean CPI inflation eases to 1.6% y/y in September on falling transport pricesCore CPI rises by 1.8% y/y compared to 1.9% y/y in August Fresh food prices stabilize at low 3% y/y growth CPI print increases odds that BOK will ease...
Citi predicts ECB to slash rates by 25 bps in October
via PiQ SuiteCiti has joined a growing number of banks in expecting the ECB to cut policy rates by 25 bps in OctoberExpects ECB to cut rates in October, December and through the start of 2025, to reach a deposit rate of 1.5% by September 2025Given recent comms from...
U.S. Port Strike Causes Chaos: Biden Pressures Employers for Resolution
Full story via PiQ SuitePresident Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the...
ForexLive Asia-Pacific FX news wrap: Yen loses support from new Japanese economy minister
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Federal Reserve speakers Wednesday include Barkin, Hammack, Musalem and Bowman
The times below are in GMT/US Eastern time format1300/0900 Federal Reserve Bank of Cleveland President Beth Hammack gives welcome remarks before the 2024 Minorities in Banking Forum hosted by the Federal Reserve Bank of Cleveland1405/1005 Federal Reserve Bank of St....
ANZ say the path of least resistance for the RBNZ is a 50bp interest rate cut next week
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Japan’s Eco Min says not necessarily correct that Ishiba positive about further rate hikes
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Mainland China is on holiday, leaves Hong Kong to ramp shares even higher
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South Korea promises bold, immediate measures if market volatility execessive
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Explosion reported at Japanese airport
The runway at Miyazaki airport in southwest Japan was closed Wednesday after an explosion was reported, local authorities said. The runway closure has led to the suspension of all Japan Airlines and All Nippon Airways flights to and from the airport, according to the...
Brent crude oil is back near US$74.50
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Walz and Vance were asked to address economic issues – vacuous garbage
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Will the Walz vs. Vance debate has financial market impact?
A BMO note previews the debate coming up between Vance and Walz. I popped this up earlier:In the note BMO say that given the unpredictability of this election cycle, the debate is expected to draw significant attention, and that it may influence financial markets,...
ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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Goldman Sachs flag hits to GDP, NFP from US east coast port strike
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South Korean September consumer price index marks slowest rise y/y since February 2021
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North Carolina mining town crucial to the semiconductor industry. Helene just wrecked it.
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Wall Street Journal: “Investors Gear Up for October ECB Rate Cut”
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HSBC expect a 50bp interest rate cut from the Reserve Bank of New Zealand next week
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