Daily Market Insight
Daily Market Insight: 1 March 2024
• Services drive US prices higher in January; inflation gradually cooling • Japan unemployment rate remains steady at 2.4% in Jan as expected • China manufacturing activity shrinks as expected in Feb • Dollar gains in choppy trading, inflation meets expectations
Daily Market Insight: 29 February 2024
• US consumer spending fuels strong fourth-quarter GDP growth • Japan factory output falls at the fastest pace in nearly 4 years • Australian retail sales disappoint in Jan amid inflation, rate pressure • Dollar bounces before inflation data, bitcoin hits two-year high
Daily Market Insight: 28 February 2024
• US consumer confidence ebbs in February; inflation expectations fall • US durable goods orders slump; business investment on equipment appears soft • German consumer sentiment stabilizes at low level in March • Dollar slips vs yen after Japan inflation data, US durable goods
Daily Market Insight: 27 February 2024
• US new home sales rise less than expected in January • Japan's inflation beats forecasts, end of negative rates in sight • China's new home prices extend declines despite policy support • Dollar dips at the start of heavy week of data
Daily Market Insight: 22 February 2024
• Fed worried about cutting rates too soon, minutes of January meeting show • Japan manufacturing activity shrinks in Feb, services growth slows • Japan sees 2.69 million visitors in January, matching 2019's record pace • Dollar edges down as Fed meeting minutes meet expectations
Daily Market Insight: 21 February 2024
• Fed to cut US rates in June, risks skewed towards later move • Germany likely in recession, Bundesbank says • Japan's exports perk up but souring factory mood darkens outlook • Dollar dips, China boosts global growth hopes
Daily Market Insight: 20 February 2024
• Fed signals 'patience' on rate cuts as data disappoints • China cuts mortgage reference rate more than expected to revive property market • Thai economy shrinks, adds to rate cut case amid central bank and PM feud • Dollar ticks up as investors gauge rates outlook
Daily Market Insight: 19 February 2024
• Strong services price increases lift US producer inflation in January • Japan Dec core machinery orders rise, recovery seen limited • China's travel spending during Lunar New Year holidays beats pre-COVID levels • Dollar steady after producer prices push back on Fed rate cut outlook
Daily Market Insight: 16 February 2024
• Frigid temperatures chill US retail sales, factory production • US business inventories rebound in December • Germany's chamber of commerce warns of heaviest slump in 20 years • US dollar retreats as slew of data keeps rate cut expectations in June intact
Daily Market Insight: 15 February 2024
• Fed still on track even if inflation's path down is bumpy • Japan unexpectedly slips into recession, Germany now world's third-biggest economy • Singapore's Q4 economy grows slower than first estimates • US dollar drifts lower, consolidates gains; seen rising further