Given Hunter's role at the Reserve Bank of Australia I expect there will be comments of pertinence to traders. The RBA is focusing on bringing inflation back to target. The target band is 2-3% and 2.5% is the aim. The flip side of the mandate is to try to preserve as...
South Korean stock markets to close for a temporary holiday (October 1)
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Two items to watch in China’s trade balance data due soon
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Australian August business confidence -4 vs. prior +1
National Australia Bank monthly survey of business, for August 2024Business Confidence -4, lowest for the year so farBusiness Conditions +3 prior +6conditions to the lowest in 2-1/2 yearsemployment index came in at +1, sharply down from +7 in July Inflation...
South Korea warn that rapid pick-up in household debt may turn into systemic risk.
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PBOC sets USD/ CNY central rate at 7.1136 (vs. estimate at 7.1140)
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Australian Westpac Consumer Confidence Index (September 2024) 84.6 (prior 85.0)
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ECB eyes rate cut amid weakening outlook – preview of the September 12 meeting
The European Central Bank meet on Thursday, September 12. A rate cut is widely expected. inflation is nearing 2%, and longer-term forecasts stable around 2%the recent flow of data is showing the economic outlook weakeningThe meeting will bring updated European Central...
PBOC is expected to set the USD/CNY reference rate at 7.1140 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.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...
Japan PM contender Kato wants folks to have higher wages
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Morgan Stanley on US equities at risk from a further unwinding of yen-funded carry trades
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More on the failed changes at the Reserve Bank of Australia
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Sales for New Zealand’s manufacturing sector improved in Q2
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Goldman Sachs on 3 reasons China’s economy is going to trun better
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The changes proposed for the Board of the RBA have failed
The key change for the Board of the RBA was the proposal to split the existing RBA board into separate groups for interest rate-setting and governance.The board split was supposed to come into effect on July 1Australian Treasurer Chalmers was driving the proposed...
Fed to halve biggest banks’ capital hike in latest Basel plan, from 19% to 9%
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A recession will engulf Europe early next year
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It “wouldn’t take much for the Fed to be behind the curve”, then “a string of 50bp cuts”
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Barclays rule out a 50bp FOMC rate cut in September, see 3 consecutive 25bp rate cuts
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ICYMI – Morgan Stanley have cut its oil price forecast again, see Brent @ $75 / bbl in Q4
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