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US to weigh strikes against Houthi terror bases in Yemen
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Fitch downgrades four Chinese National asset management firms by one notch
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China’s LGFVs must repay a record $651 billion of bonds in 2024 (will refinance)
Bloomberg with the info on China’s local government financing vehicles.Bloomberg saying it'll test the central government's resolve to backstop local governments in refinancing their debt and avoid default. LGFVs are firms that borrow on behalf of provinces and cities...
BOJ Gov Ueda says he hopes Japan’s economy can balance rises in wages and & inflation
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,...
Employment data coming up from the US on Thursday – December ADP
The consensus expected for the ADP December employment number is 115,000November's ADP number was +103,000The range of estimates is 99K to 130K. Results outside this range should prompt extended market moves, in a nutshell a number under 99K will reignite expectations...
China Caixin Services PMI for December 52.9 (expected 51.6)
Services PMI from Caixin / S&P Global for December 2023 comes in at 52.9, its highest since July 2022expected 51.6, prior 51.5 Composite 52.6, best since June 2022prior 51.6"Key findings" cited in the report, in summary: Solid increase in service sector activity...
Morgan Stanley reiterate their call that the FOMC will wait until June 2024 to cut
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PBOC sets USD/ CNY mid-point today at 7.0997 (vs. estimate at 7.1504)
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British Royal Mint sees record bullion demand in 2023 – citing safe haven demand
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David Rosenberg predicts US recession due to fiscal drag and Fed tightening feeding in
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,...
Japan final December manufacturing PMI 47.9 (prior 48.3)
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PBOC is expected to set the USD/CNY reference rate at 7.1504 – 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 not out of the woods when it comes to inflation – risk the Fed is higher for longer
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Further signs that UK firms are reluctant on capital investment
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Icelandic scientists are preparing to drill into a magma chamber – geothermal power.
Gotta be honest, I'm rather disappointed with the tepid opening to the year during the Asian timezone. Plenty of action during US time, albeit sporadic, but for us here ... not much. Maybe we're back to normal 😉 Anyway, this is very interesting while we wait for,...
US and European equities – HSBC analysts warn of ‘Reverse Goldilocks’ environment
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Australian December Services PMI 47.1 (prior 46.0)
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