Daily Market Insight
Daily Market Insight: 24 September 2024
• US business activity steady in September; price pressures pick up • Fed officials leave door open to another large Interest-rate cut • Euro zone business activity unexpectedly shrank in September • China's central bank injects cash, lowers 14-day reverse repo rate • Dollar rebounds from lows; euro impacted by weak PMI data
Daily Market Insight: 23 September 2024
• BOJ holds rates steady, Ueda cools speculation about further hikes • Fed’s Waller says slowing inflation led him to support large rate cut • UK retail sales soar in August despite political and fiscal concerns • The dollar fell in volatile trading after the Fed's major rate cut
Daily Market Insight: 20 September 2024
• BoE maintains interest rates and prolongs its bond reduction program • Weekly initial jobless claims increased less than anticipated • Japan's CPI inflation reached a 10-month high in August • The dollar fell in volatile trading after the Fed's major rate cut
Daily Market Insight: 19 September 2024
• Fed cuts rates by half point to support economy • UK inflation holds at 2.2%, paving the way for potential rate cuts • Japan's exports slow sharply, machinery orders shrink in blow to economic recovery • Dollar rises after Fed's 50 basis point rate cut
Daily Market Insight: 18 September 2024
• US retail sales unexpectedly increased in August • US manufacturing output rebounds in August • German investor confidence plummets after spate of bad news • Canada's inflation cools to 2% in August, reaches central bank's target • The US dollar strengthens ahead of a potential Fed rate cut
Daily Market Insight: 17 September 2024
• New York's manufacturing index increased in September • Bill Dudley: Fed should cut rates by 50bps • Kazimir suggests the ECB delay its next rate cut until December • US dollar hits over one-year low against yen amid expectations of a significant Fed rate cut
Daily Market Insight: 16 September 2024
• Former NY Fed President Dudley supports a 50-basis-point rate cut • US consumer sentiment rises in September as inflation eases • China’s economic data slowdown sparks urgent calls for stimulus • China’s new home prices fell at their fastest rate in over nine years in August • The dollar is down due to rate cut bets
Daily Market Insight: 9 August 2024
• U.S. weekly jobless claims fell more than expected • Fed has "time" to assess the economic slowdown, says Barkin • China’s auto market hits milestone with EVs and hybrids making up half of July sales • Dollar gains after US jobless claims fall more than expected
Daily Market Insight: 13 September 2024
• US producer prices pick up slightly after downward revisions • US jobless claims pick up for the first time in three weeks • ECB delivers second rate cut of the year • Hawkish BOJ policymaker calls for rates to rise to at least 1% • The dollar was weighed on by the risk-on sentiment
Daily Market Insight: 12 September 2024
• Core US inflation rises, lowering chances of a large Fed rate cut • The heated Trump-Harris debate gave Wall Street few policy details • BOJ policymaker signals readiness to raise rates if inflation on track • US dollar mixed as inflation report hints at smaller Fed rate cut