Nomura says that a Bank of Japan exit from its negative interest rate policy (NIRP) and yield curve control (YCC) tomorrow is "basically a done deal".Adding that the only uncertainty is whether the central bank keeps its commitment to expanding the monetary base: "A...
US prediction market will now accept punts on crypto price outcomes
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Goldman Sachs expects the Bank of Japan to raise interest rates on Tuesday
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Japan chief cabinet secretary Hayashi expects the BOJ to take appropriate steps
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China: Jan-Feb Industrial output +7.0% y/y (expected +5.0%), Retail sales +5.5% (5.2% exp)
Four key indicators from China. The January-February data has been combined to account for the moveable Lunar New Year holidays each year. Data released by China's National Bureau of Statistics (NBS).Industrial Production y/y +7.0%, a beatexpected +5.0%, prior...
South Korea’s export of computer chips increased four months in a row as of February.
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PBOC sets USD/ CNY reference rate for today at 7.0943 (vs. estimate at 7.1995)
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Singapore Non-oil Domestic Exports (NODX) -4.8% m/m in February (expected -0.4%)
Singapore Non-Oil Exports for February 2024:-0.1% y/yexpected +4.7%, prior +16.8%-4.8% m/m-0.4% expected and +2.3% prior--Singapore Non-oil Domestic Exports (NODX) measures the value of goods exported from Singapore excluding oil and petroleum products.an important...
PBOC is expected to set the USD/CNY reference rate at 7.1995 – 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...
ICYMI – JP Morgan notes that Bitcoin has surpassed gold in investor portfolio allocation
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Japan data – January Machinery Orders -1.7% m/m (expected -1.0%)
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Weekend – ECB’s Knot says a eurozone recession has been avoided
Dutch Central Bank President and thus European Central Bank (ECB) board member Klaas Knot spoke over the weekend. The interview was focused on Knot wanting the new Dutch government being careful not to extend fiscal stimulus, ie spending, too much, but Knpot did have...
Reserve Bank of Australia meet this week – on hold decision expected
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North Korea fired what could be a ballistic missile (Japan’s coast guard announcement)
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Weekend – Another attack on a Russian oil refinery
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Goldman Sachs expect 3 Federal Reserve rate cuts in 2024 (from 4 previously)
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New Zealand services PMI for February 53.0 (prior 52.2)
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Financial Times front page says high Federal Reserve interest rates needed for longer
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Russian election result is unsurprising – Putin stays in power
Just noting the result of Russia's election. No surprise, Putin gets another six year term. He's giving a speech in which he continues to promise war, saying we have to defend with weapons. I know this triggers people to defend Putin, but he is a wanted war criminal,...