Remarks from Michael Feroli, Chief U.S. Economist at J.P. Morgan on his US inflation outlook:Inflation has cooled significantly relative to earlier boomy highs from the past few years, but still remains above target. Weakening in core goods inflation has been an...
Federal Reserve Bank of Richmond President Thomas Barkin is speaking on Thursday
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China is encouraging banks and local business vendors to accept foreign payment cards
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
European Central Bank speakers today include Wunsch and Lane.
Coming up from the ECB today:1200 GMT / 0700 US Eastern time: European Central Bank governing council member Pierre Wunsch in 'fireside' chat with Bruegel think tankAt 1530 GMT / 1030 US Eastern time the fireside chats continue: Fireside-chat with ECB board member...
Mainland Chinese stock markets will be closed at the end of today, reopen February 18
The long holiday begins on Friday, 9 February 2024 in China:mainland Chinese stock markets are close on Fridayreopen on Monday, February 18Hong Kong's stock exchange is closed February 12 and 13.Singapore will be closed on Monday February 13.--Chinese stocks have...
Bank of England Monetary Policy Committee member’s Dhingra and Mann speaking today
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUD traders heads up – Reserve Bank of Australia Governor Bullock to speak in Parliament
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Data from China today confirmed higher interest rates in January. Here’s how.
Here we go, as I said earlier:In December 2023 Chinese loan Prime rates were 3.45% for the one-year and 4.20% for the five-year:the y/y inflation rate -0.3%In January 2024 Chinese loan Prime rates were unchanged, still at 3.45% for the one-year and 4.20% for the...
Trillions of yen pile up at the BOJ: “Another sign that sub-zero rate policy close to end”
Japan’s biggest commercial banks have allowed excess funds to languish in negative interest-rate accounts at the Bank of Japan in December at the most since the introduction of the zub0zero policy in 2016When the policy was first introduced funds flowed elsewhere, a...
Bank of Japan Uchida says does not expect very easy policy to change in a big way
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China January CPI +0.3% m/m (expected +0.4%), with y/y remaining in deflation at -0.8%
China January 2024 inflation dataCPI +0.3% expected 0.4%, prior 0.1%CPI -0.8% y/yexpected -0.5%, prior -0.3% core inflation (excluding and energy prices, +0.4% y/y, from +0.6% in December 2023)fastest pace of price falls since the GFCPPI -0.2% m/m, producer prices dip...
UK labour market tightness lessening as wage growth eases to lowest rate in three years
The UK labour market has unwound tightness, with the latest data on wage growth ebbing to its lowest growth rate in nearly three years. KPMG/ Recruitment and Employment Confederation (REC) monthly survey of permanent staff salariescame in at 55.8 in January, its...
PBOC sets USD/ CNY central rate at 7.1063 (vs. estimate at 7.1911)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOJ official says even if negative rates abandoned, accommodative conditions would remain
Bank of Japan Executive Director (a post equivalent to a board member) Shimizusays inflation has so far has been driven by cost-push factorseven if negative rates abandoned, accommodative conditions would remainUSD/JPY little changed around 148.05, just off its Asia...
UK house prices (RICS survey) to highest level since October 2022
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PBOC is expected to set the USD/CNY reference rate at 7.1911 – 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...
US Energy Information Administration says US oil production will slow dramatically
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China January inflation data due today – the domestic economy is grappling with deflation
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Why JPM traders are bullish on US equities: megacap tech earnings and strong economy
A snippet from the trading desk at JP Morning (US) on US equities, taking an opposite view to that expressed by chief market strategist, Marko Kolanovic, who has been consistently pessimistic (this most recently) JPM traders had been cautious in January, but now say...
ECB unlikely to cut rates as DAX hits all-time highs, contrary to Market Expectations
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...