Daily Market Insight
Daily Market Insight: 24 May 2024
• US business activity quickens in May; price pressures building up • US new home sales fall in April; prices rise from year ago • Japan's inflation slows further, keeping BOJ cautious on further rate hikes • Dollar higher on US business activity boost
Daily Market Insight: 23 May 2024
• US home sales post second straight monthly drop; house prices accelerate • Japan manufacturing activity unexpectedly picks up in May, services slows • Japanese business confidence weighed down by weak yen, price pressures • Dollar steadies, but on track for sharp weekly loss
Daily Market Insight: 21 May 2024
• Interest rates likely to remain above levels seen in past decade • Japan closely monitoring weak yen and bond market, Finance Minister says • China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery • Dollar steadies, but on track for sharp weekly loss
Daily Market Insight: 20 May 2024
• Japan inflation likely slowed again, may ease cost pressure • China new home prices fall at fastest pace in over 9 years • China keeps loan prime rate unchanged as stimulus measures continue • Dollar steadies, but on track for sharp weekly loss
Daily Market Insight: 17 May 2024
• Initial jobless claims dip to 222,000 last week, but still above estimates • Australia jobs rise more than expected in April, but unemployment increases • China industrial production grows in April, retail sales disappoint • Dollar stabilizes after sharp CPI-induced fall; euro hands back some gains
Daily Market Insight: 16 May 2024
• Consumer price growth slowed marginally in April; CPI rose an annualized 3.4% • Japan GDP shrinks more than expected in Q1 as consumption slows • China's central bank leaves key policy rate unchanged • Dollar drops to one-month low vs euro before key CPI test
Daily Market Insight: 15 May 2024
• Producer prices grow at a faster-than-projected rate in April • Waning Fed rate cut bets boost US Treasury yield forecasts • China strongly opposes US tariff hikes, pledging measures to defend rights • Dollar steady ahead of inflation data; sterling slips after job numbers
Daily Market Insight: 14 May 2024
• US federal debt is the biggest long-term downside risk for markets • Fed to cut twice or not at all • China's central bank pledges to support economic recovery • Dollar just lower; steadying after key inflation data
Daily Market Insight: 13 May 2024
• US consumer sentiment at six-month low; inflation expectations rise • Japan economy expected to shrink in Q1 due to weak consumption • China CPI inflation picks up in April, PPI lags • Dollar up slightly after consumer sentiment data, CPI eyed
Daily Market Insight:10 May 2024
• US weekly jobless claims highest in more than eight months as labor market eases • Europe's rush for rate cuts shifts global market power away from US • China's exports and imports return to growth, signalling demand recovery • Dollar softens after claims data, pound recovers from BoE-led low