Stu Ritson
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
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Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
US treasury yields moved higher supporting the US Dollar which rose for the eighth straight week, its longest run since 2005. China consumer prices increased 0.1% y/y in August. Although China edged out of deflation, soft pricing pressures point to weak d
US treasury yields moved higher supporting the US Dollar which rose for the eighth straight week, its longest run since 2005. China consumer prices increased 0.1% y/y in August. Although China edged out of deflation, soft pricing pressures point to weak d
The ISM US services sector survey was stronger than expected. US treasuries extended the recent move higher. The Bank of Canada held rates steady. Asian policy makers have been pushing back against currency weakness
The ISM US services sector survey was stronger than expected. US treasuries extended the recent move higher. The Bank of Canada held rates steady. Asian policy makers have been pushing back against currency weakness
The US labour market report provided further evidence their economy is on track for ‘soft landing’. US treasury yields moved higher lending support to the US Dollar. Crude oil prices now at highest level since November as supplies tighten
The US labour market report provided further evidence their economy is on track for ‘soft landing’. US treasury yields moved higher lending support to the US Dollar. Crude oil prices now at highest level since November as supplies tighten
Softer than expected US economic data increased expectations of the Fed remaining on hold in September which underpinned equities and contributed to lower treasury yields
Softer than expected US economic data increased expectations of the Fed remaining on hold in September which underpinned equities and contributed to lower treasury yields
Powell commits to restrictive policy until inflation beaten. Little market reaction. Lagarde says ECB will also stay restrictive
Powell commits to restrictive policy until inflation beaten. Little market reaction. Lagarde says ECB will also stay restrictive
US and EU PMI surveys point to a greater than expected slowdown in economic activity. This weak data contributed to a large move lower in global bond yields. Initial weakness in European currencies reverse as US data also disappoints
US and EU PMI surveys point to a greater than expected slowdown in economic activity. This weak data contributed to a large move lower in global bond yields. Initial weakness in European currencies reverse as US data also disappoints
US treasury yields marginally lower but remain close to cycle highs. US Dollar stable. But the MSCI World Index declined 2.5% during last week which is the largest fall since the US banking crisis in March
US treasury yields marginally lower but remain close to cycle highs. US Dollar stable. But the MSCI World Index declined 2.5% during last week which is the largest fall since the US banking crisis in March
Stocks fell in Asia reflecting ongoing concerns about the Chinese economy and the growing debt crisis in the property sector. The FOMC minutes revealed most see significant upside risks to inflation which could require further tightening
Stocks fell in Asia reflecting ongoing concerns about the Chinese economy and the growing debt crisis in the property sector. The FOMC minutes revealed most see significant upside risks to inflation which could require further tightening
Above consensus US PPI data raised concerns the downshift in core prices has stalled. UST yields higher with 10-year back towards the highs for 2023. University of Michigan inflation expectations fell
Above consensus US PPI data raised concerns the downshift in core prices has stalled. UST yields higher with 10-year back towards the highs for 2023. University of Michigan inflation expectations fell
USTs and currency markets stay in narrow ranges ahead of US CPI. Brent crude at $88/bbl, the highest levels since January and up 20% since June on tightening supply. China consumer and producer prices both fell
USTs and currency markets stay in narrow ranges ahead of US CPI. Brent crude at $88/bbl, the highest levels since January and up 20% since June on tightening supply. China consumer and producer prices both fell
Weak purchasing manager surveys in the US and Europe raise concerns about the strength of the global economy. Expectations of large-scale Chinese stimulus being pared back
Weak purchasing manager surveys in the US and Europe raise concerns about the strength of the global economy. Expectations of large-scale Chinese stimulus being pared back
Investors look ahead to central bank policy decisions from the Federal Reserve, European Central Bank and Bank of Japan this week. Japan CPI higher than expected
Investors look ahead to central bank policy decisions from the Federal Reserve, European Central Bank and Bank of Japan this week. Japan CPI higher than expected