Prior -5.4%; revised to -5.2%The headline reading might look great but it is just reflecting a bounce back after the sharp decline in November, which owed to a fall in large-scale orders. Of note, incoming orders in other vehicle construction (aircraft, ships, trains,...
Switzerland January seasonally adjusted unemployment rate 2.7% vs 2.7% expected
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ECB’s Cipollone: There is still room for adjusting rates downward
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BOE policy decision in focus today
The rate cut today should not offer too much surprises as the OIS market is also signaling that traders have priced in ~92% odds of that. That will bring the bank rate to 4.50% as the BOE continues to gradually move to bring rates lower. The more important part in all...
BOJ’s Tamura: The pace of rate hikes may not necessarily be once every half a year
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BOJ’s Tamura: It is difficult to specify the terminal rate at this point
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ForexLive Asia-Pacific FX news wrap: USD/JPY drops under 152.00 (bounces back)
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Federal Reserve Board Governor Christopher Waller is speaking on Thursday
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Panama Canal authority says its made no change to canal fees
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BoA expect just 3 RBA interest cuts in 2025, terminal rate of 3.6%
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US Treas Secretary Scott Bessent – more on Trump wanting lower 10 yr yield, not short term
I posted earlier on Bessent:The key point in his comments was this:focus is on bringing down 10-year Treasury yields, rather than the Fed’s benchmark short-term interest rateOver the weekend Trump said it was 'fine' that the Federal Open Market Committee (FOMC) didn't...
The Nissan – Honda merger is off
Nissan CEO Makoto Uchida has informed Honda CEO Toshihiro Mibe that he wants to cancel their memorandum of understanding (MOU) regarding potential merger discussions, according to a source familiar with the matter. The decision comes after Honda proposed making Nissan...
Ex-RBA official Australia’s weak economy, sticky CPI, trade uncertainty risk 2soft landing
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Tamura says BoJ must raise short-term interest rates to at least 1% by the H2 fiscal 2025
Bank of Japan board member Naoki Tamura spoke today:BOJ's Tamura makes his case again for faster interest rate hikesHis comment on getting rates to 1% is catching headlines: short-term interest rates shouldd be raised to at least 1% by the second half of fiscal 2025...
US government vessels to sail free through Panama Canal
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BOJ’s Tamura makes his case again for faster interest rate hikes
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PBOC sets USD/ CNY mid-point today at 7.1691 (vs. estimate at 7.2535)
Earlier on China:***People's Bank of China USD/CNY reference rate.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Fed’s Jefferson says happy to keep Fed Funds on hold at current rate
Federal Reserve Vice Chair Philip Jefferson: need to look at the totality of the net effect of the Trump administration's influence on policy goalshappy to keep policy at the current level of restrictiveness until there is a better sense of the totality of impactseven...
Japan’s fin min Kato sees inflation pressure continuing to rise
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