Daily Market Insight
Daily Market Insight: 16 November 2023
• US economy cools as retail sales dip • US producer prices unexpectedly fall in October • Japan's export growth slows as China, global downturn risks loom • Dollar gains on retail sales data, Fed rate cut date unclear
Daily Market Insight: 15 November 2023
• US inflation slows to 3.2% in October • Euro zone Q3 GDP shrinks, but employment rises • Japan's economy contracts as recession risks grow • Dollar down as markets bet Fed done with hikes
Daily Market Insight: 14 November 2023
• Moody's turns negative on US credit rating • UK house asking prices in largest fall since 2018 in November • IMF upgrades China's growth forecasts of 2023 and 2024 • Global oil demand continues to demonstrate strength and resilience, with better-than-expected growth in 4Q23 • Dollar firm ahead of US inflation data; yen hovers near one-year low
Daily Market Insight: 13 November 2023
• US consumer sentiment drops again in November, inflation expectations rise • Japan's wholesale inflation slows sharply in sign of waning cost pressures • Chinese deflation pressures global exporters, yuan's low aids domestic manufacturers • Dollar dips against euro, gains on yen as Fed policy stays in focus
Daily Market Insight: 10 November 2023
• New US jobless claims edge down; continued claims on the rise • Japan logs current account surplus as trade swings back into black • China's consumer prices back in decline as recovery wobbles • Dollar steady against euro, yen on intervention watch as it hits one-week low
Daily Market Insight: 9 November 2023
• US 30-year mortgage rate plunges by most in nearly 16 months • Euro zone retail sales fall in Sept, exposing weak consumer demand • China car sales seen 20% up in November as makers eye sales goals • Dollar steady against euro, yen on intervention watch as it hits one-week low
Daily Market Insight: 8 November 2023
• US trade gap widens more than expected in September • Japan's wages, consumer spending extend declines in test for BOJ policy • Chinese exports fall further in Oct, trade surplus hits 17-mth low • Dollar bounces after sharp selloff, weak data hurts euro
Daily Market Insight: 7 November 2023
• US service sector at five-month low in October • Euro zone recession fears harden as surveys show grim start to Q4 • German service sector activity contracts in October • Dollar rebounds, Fed officials take center stage
Daily Market Insight: 6 November 2023
• US job growth slows down with unemployment rate hitting two-year high • Eurozone unemployment edges up as ECB maintains high interest rates • Japan service activity posts slowest growth this year • Dollar maintains strength amid global economic uncertainties
Daily Market Insight: 2 November 2023
• Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign • US job openings stay elevated, layoffs at nine-month low • US manufacturing sector slumps in October-ISM • US dollar falls as markets believe Fed is done hiking rates