Full Note🌏 APAC stocks traded mixed, initially benefiting from Wall Street's tech-led rally, while China’s upcoming fiscal policy briefing looms.💼 Key Developments:China’s Finance Ministry will hold a press briefing on October 12th to outline fiscal policy...
China’s finance ministry to detail fiscal stimulus plans on Saturday
China's finance ministry to detail fiscal stimulus plans on SaturdayFull Story on PiQ SuiteChina’s finance ministry will hold a news conference on Saturday to provide details on fiscal stimulus measures aimed at reviving the faltering economy. Finance Minister Lan...
Japanese machine tool orders decline in September
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German Imports Drop More Than Expected, Exports Rise
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ECB ‘very likely’ to reduce interest rates next week, says Villeroy
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China’s finance ministry briefing set for October 12; fiscal policy adjustments revealed
PiQ on Twitter China's Finance Ministry to hold fiscal policy briefing on October 12, detailing intensified adjustment China's Finance Ministry will hold a press briefing on October 12th to provide insights into fiscal policy and economic development. The briefing,...
Dollar Holds Steady Pre-Fed Minutes; Kiwi Drops on Rate Cut
Dollar holds steady ahead of Fed minutes, kiwi drops after sharp rate cutFull Story on PiQ Suite The U.S. dollar remained stable ahead of the release of the Federal Reserve's September meeting minutes, while the New Zealand dollar dropped to a near two-month low...
India cenbank keeps rates steady at 6.50%, shifts to ‘neutral’ stance
India cenbank holds rates at 6.50%, shifts stance to 'neutral,' signaling potential rate cutsFull Story on PiQ The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6.50% but shifted its stance to "neutral," signaling the possibility of rate cuts in...
World Bank says China growth rate will drop next year, doubt over recent stimulus measures
China Growth Set to Slow Further in 2025, World Bank SaysWorld Bank forecasts China's GDP growth to drop to 4.3% in 2025 from 4.8% in 20242024 estimate revised up 0.3% on stimulus measures, but 2025 projection unchangedWeak consumer spending, property market woes,...
ForexLive Asia-Pacific FX news wrap: NZD/USD lower after an expected RBNZ 50bp rate cut
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Seven Fed speakers + September minutes on the Federal Reserve agenda Wednesday, October 9
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Morgan Stanley raised its Brent price forecast to $80 a barrel (from $75) for Q4 2024
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US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core
This info comes via eFX.****Synopsis: BofA anticipates a modest rise in both headline and core CPI for September, indicating firm core inflation without immediate cause for concern. Key Points: CPI Forecasts: BofA predicts a 0.1% m/m increase in headline CPI and a...
European Central Bank speakers Wednesday include Villeroy and Kazimir
Coming up from the ECB today:0530 GMT/0140 US Eastern time: Bank of France head of ECB policy maker Francois Villeroy de Galhau speaks to Franceinfo radio0800 GMT/0400 US Eastern time: ECB policymaker Peter Kazimir will present the Slovak National Bank's updated...
Morgan Stanley sees a cascade of European Central Bank rate cuts in the months ahead
Morgan Stanley are forecasting ECB rate cuts of 25bp at the next four meetings:October 17, 2024December 12. 2024January 30. 2025March 6, 2025MS say this'll take the ECB rate to 2.5% and close to neutral.Being close to neutral will then slow the next serious of rate...
PBOC sets USD/ CNY reference rate for today at 7.0568 (vs. estimate at 7.0565)
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More from the RBNZ: price indices signal a continued decline in consumer price inflation
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RBNZ cuts cash rate by 50bp, as widely expected
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Former BOJ official says next rate hike likely in January – PM Isheba won’t stop it
Bloomberg on Bank of Japan former executive director in charge of monetary policy Eiji Maeda, who spoke in an interview Tuesday.In summary:“January has the highest probability ... when the bank releases its latest economic projections.” BOJ will be watching three...
Tesla ($TSLA) to offer a 0% APR loan rate for new Model 3, Model Y finance orders in US
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