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Japan PPI January 0.0% m/m (expected +0.1%)

Japan PPI January 0.0% m/m (expected +0.1%)

Producer inflation data from the Bank of Japan. +0.0% m/m, coming up below expected and below the December result. To the extent that this feeds into consumer prices its not a sign of imminent BOJ tightening.expected 0.1%prior +0.3%+0.2% y/yexpected 0.1%prior...

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US stocks close mixed as the market pivots… a little

US stocks close mixed as the market pivots… a little

The major US stock indices are closing with mixed results. There was a rotation out of the NASDAQ and S&P indices, into the Dow industrial average and the small-cap Russell 2000. That rotation came after the S&P tried to get a new intraday high, and the NASDAQ...

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Economic calendar in Asia 13 February 2024 – RBA speaker

Economic calendar in Asia 13 February 2024 – RBA speaker

Kicking off the session is a speaker from the RBA at 8.55 am Sydney time (which is 2155 GMT and 1655 US Eastern time on Monday, 12 February).A little later will be further inflation information from the Reserve Bank of New Zealand. The RBNZ is clearly worried about...

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The US natural gas market is on its knees

The US natural gas market is on its knees

It might be time for US natural gas producers to turn off the pumps.Henry Hub is trading at $1.74 for March delivery, which is the lowest sine the early months of the pandemic. Excluding covid, you have to go back to 2016 when it only briefly traded below these...

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Preview: What’s expected for Tuesday’s US CPI report?

Preview: What’s expected for Tuesday’s US CPI report?

The highlight of the economic calendar comes early this week with US CPI due on Thursday at 8:30 am ET. It's a straightforward economic indicator but also presents something of a philosophical problem for the FOMC.The headline numbers are expected to show some nice...

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Crude oil futures settle at $76.92

Crude oil futures settle at $76.92

The price of WTI crude oil had an up-and-down session with the price settling at $76.92, up eight cents or 0.10%. The high price reached $77.09. The low price was at $75.54.Crude oilLooking at the daily chart, the 200-day moving average is a $77.36 (green line on the...

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US stocks give some back as the chipmakers sag

US stocks give some back as the chipmakers sag

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,...

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