MY.BLOGTOP10.COM

Prior was +0.4% (revised to +0.1%)Export prices +1.3% vs +0.4% expectedPrior was +0.7% (revised to +0.5%)Year over year:Import prices -3.0% vs -8.8% priorExport prices -5.5% vs -13.1% priorThese are inflationary numbers but the passthrough to CPI isn't always...

Prior was -1.7% (revised to -2.0%)Inventories -0.7%Inventory to sales 1.74 vs 1.70 priorUnfilled orders -1.0%Capacity utilization 77.6% vs 80.8% prior Canadian manufacturing sales increased 1.6% to $71.9 billion in July, led primarily by higher sales of food products...

Happy Friday.China released better than expected economic data earlier today and that has helped to boost broader sentiment. The mood will be challenged again with a series of US economic indicators today and a lower-tier release from Canada.8:30 am ETEmpire...

Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.1%US 10-year yields up 3.2 bps to 4.322%Gold up 0.5% to $1,919.35WTI crude up 0.5% to $90.63Bitcoin down 0.3% to $26,502It was a slower session overall as markets settle...

US Treasury 10-year yields (%) daily chartWe're not at fresh highs for 10-year yields in the US but just be wary of the levels we are seeing as we approach the end of the week. The high this year was at around 4.36% but during that week, the close itself saw yields...

Prior €23.0 billion; revised to €18.5 billionHere are some details which might give a better picture of the euro area trade situation, relative to last year when energy prices were much higher:Jan - Jul 2023 exports €1,663.0 billion (+2.3% vs Jan - Jul 2022)Jan - Jul...

China has definitely thrown a lot at the problem as they not only cut RRR for the second time this year but also delivered more rate cuts and bolstered support for the property sector. But is it really enough? Only time will tell but personally, I still hold my...

Prior +5.9%HICP +5.5% vs +5.5% y/y prelimPrior +6.3%The readings are more on less in line with the initial estimates and lower than in July at least. But at above 5%, they are still much too high for the ECB's liking although the trend is encouraging.MoneyMaker FX EA...

This might be what is helping the euro a little so far today, as the FT is reporting that several of the ECB's more hawkish members are of the view that there could be another rate hike in December if wages and inflation pressures continue to persist. It cites three...

Prior +4.3%HICP +5.7% vs +5.7% y/y prelimPrior +5.1%Despite the higher estimates on the headline figures in August, core inflation is seen easing to 4.6% (down from 5.0% in July). That said, overall prices are still sitting well above the 2% target set by the ECB....