Prior 49.6Manufacturing PMI 44.5 vs 44.9 expectedPrior 44.6Composite PMI 47.3 vs 49.0 expectedPrior 48.6The post-Olympic blues is continuing for France and this just reaffirms that underlying conditions remain poor to start Q4. Both services and manufacturing prints...
European equities kick start the day with slight gains at the open
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What’s priced in for the ECB ahead of the PMI data later?
€STR futures are showing odds of a 50 bps rate cut to be ~20% currently. But as per money market pricing yesterday, those odds went up to as high as 40% following this report here. I'd say traders are pricing in something somewhere in between that, and perhaps closer...
France October business confidence 97 vs 98 prior
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ECB’s Holzmann says will cut rates if circumstances, inflation allow for it
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ECB’s Vasle says should keep cutting rates in “measured steps”
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ECB’s Holzmann: A 25 bps rate cut is probable in December
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Economic data is back on the menu in Europe today
It's been a rather lackluster last few sessions in Europe in terms of headlines. But hey, things might take a different turn today. On the agenda, we do have PMI data from France, Germany, and the Eurozone to make up for it. That will at least keep things interesting...
Striking Boeing workers reject 35% pay rise offer
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ForexLive Asia-Pacific FX news wrap: USD/JPY drips a little lower
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Federal Reserve speakers on Thursday include Cleveland President Beth Hammack
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USD/JPY has (eventually) fallen following some verbal intervention from Japanese officials
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European Central Bank chief economist Philip Lane speaks again on Thursday
Lane is the most likely to offer up comments pertinent to markets and traders. 1100 GMT/0700 US Eastern time: European Central Bank chief economist Philip Lane delivers remarks at a conference organised by the Federal Reserve Bank of Cleveland’s Centre for Inflation...
Japan finance minister Kato says Rapid moves seen in recent FX market
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Japan official says watching for speculative FX moves
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Bank of England Governor Andrew Bailey and MPC member Catherine Mann speaking Thursday
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PBOC sets USD/ CNY reference rate for today at 7.1286 (vs. estimate at 7.1284)
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Heightening chance China now faces the prospect of a Japanese-style lost economic decade
I'm just reading through a piece from the American Enterprise Institute, a center-right/right-wing think tank based in Washington, D.C., that researches government, politics, economics, etc. Its titled Gathering Clouds over the Chinese Economy (link is to the piece)....
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Bank of Korea official says IT exports slowing, and many uncertainties over exports
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