The times below re in the format GMT / US Eastern time:1415 / 0915 Federal Reserve Vice Chair for Supervision Michael Barr participates in "Financial Technology" discussion before a 7th Annual D.C. Fintech Week event1450 / 0950 Federal Reserve Bank of Kansas City...
RBA forward guidance (assuming they have much of a clue what’s ahead)
Comparing the final paragraph of the Governor's statement, which is where plans for the future tend to appear (forward guidance ... FWIW!)I'm not reading too much into the differences ... probably the first few words are the key, from "some further tightening" to...
AUD/USD is a little lower after the RBA raised its cash rate, a widely expected decision
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Australia – RBA announce a +25bp interest rate hike, as widely expected
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China October exports -6.4% y/y (expected -3.3%) & imports +3% y/y (expected -4.8%)
The big beat for imports is a positive for China proxy trades such as AUD. It argues the economy is showing better signs of improvement and thus sucking in imported goods.Exports disappointing does take some of the gloss off, there is still a ways to go for quicker...
Australian Treasurer Chalmers to speak on the RBA interest rate decision right after
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Citigroup says its not pulling out of China
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Deutsche Bank CEO concerned about capital markets, Goldman Sachs CEO more optimistic
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Japan expresses concern over sanctions on Russian LNG project
Japan has very limited energy resources itself and is thus a huge net importer. Japan's Industry Minister Nishimura seems to be resinged to coping with the hand he has been dealt: Certain degree of impact to LNG businesses unavoidable, when asked about US sanctions...
ECB speakers on Tuesday, 7 November 2023 include Buba President Nagel
The times listed below are in GMT / US Eastern time:0815 / 0315 Fireside chat between ECB Board member Luis de Guindos and Héctor Flórez, President of Deloitte, at "30 Encuentro del Sector Financiero" organised by Deloitte and ABC in Madrid1215 / 0715 Participation by...
Bank of Canada Deputy Governor Sharon Kozicki speaking on Tuesday, 7 November
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PBOC sets USD/ CNY central rate at 7.1776 (vs. estimate at 7.2854)
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PBOC Deputy Governor says not too worried about the Chinese economy
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Reserve Bank of Australia decision due imminently, preview
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Reserve Bank of Australia expected to hike its cash rate by 25bp today, but “a close call”
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UK data: October BRC like-for-like retail sales +2.6% y/y (vs. expected +2.4%)
British Retail Consortium data for October 2023.Like-for-like sales data strips out the impact of changes in store size.+2.6% y/y expected +2.4%, prior +2.8%Total sales +2.5% y/y (three month low)2.7% in September"Many houseolds are also delaying their Christmas...
More from Fed’s Kashkari: Fed has more work to do to get inflation under control
Minneapolis Federal Reserve Bank President Neel Kashkari had comments earlier:More now, this time speaking with Fox: Economy has proved to be very resilient, inflation has come down Making progress on inflation, job market is strongFed has more work to do to get...
Japan data – September Household Spending -2.8% y/y (vs. expected -2.7%)
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Japan data – September Labor Cash Earnings +1.2% y/y (expected +1.0%)
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