Daily Market Insight
Daily Market Insight: 25 July 2023
• U.S. business activity growth slows as services soften • Worsening euro zone business downturn reignites recession fears • Thai industrial sentiment rises in June, but political uncertainty a concern • Dollar clings to gains with central banks in focus
Daily Market Insight: 24 July 2023
• U.S. leading indicators point to recession starting soon • UK consumers defy high inflation and shop more in June • Japan's inflation may have peaked, no imminent change seen to BOJ policy • Dollar snaps two-week losing streak, but some divided on next move
Daily Market Insight: 21 July 2023
• US labor market still tight; housing market slump persists • Core inflation in Japan's capital seen slowing sharply in July • South Korea producer prices fall for first time in 31 months • Dollar gains as drop in US jobless claims boosts rate-hike bets
Daily Market Insight: 20 July 2023
• US new business applications hit two-year high in June • UK's high inflation cools, offering some relief to Bank of England • Japan exports underwhelm in June, global weakness drags on economy • Dollar gains as pound tumbles on cooling UK inflation
Daily Market Insight: 19 July 2023
• US retail sales rise moderately; economy plodding along • Developing Asia on track to grow faster in 2023 • New Zealand CPI higher than expected in Q2, more RBNZ hikes on tap • Dollar bounces from 15-month low on strong core U.S. retail sales
Daily Market Insight: 18 July 2023
• US banks warn stricter capital rules will raise prices • Australia central bank hit pause as policy clearly restrictive, risking growth • China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations • Dollar decline slows as investors wait on Fed
Daily Market Insight: 17 July 2023
• US inflation outlook brightening; consumer sentiment near two-year high • China June new home prices flat in weakest showing this year • Singapore dodges recession after slight growth in Q2 • Dollar gains after steep losses, but downtrend stays intact
Daily Market Insight: 14 July 2023
• U.S. PPI cools to 0.1% in June • China's Q2 GDP seen rising 7.3% y/y but on low base, recovery fades • Singapore’s economy grows slightly more than expected in Q2 • Dollar buckles on US disinflation signs as Fed nears end of hiking cycle
Daily Market Insight: 13 July 2023
• U.S. inflation eases to 3.0% in June • Japan households' inflation expectations rise, keep pressure on BOJ • China's export slide to steepen in June, imports seen down • US dollar stumbles, drops to more than one-year low as inflation eases in June
Daily Market Insight: 12 July 2023
• US wholesale inventories revised up in boost to second-quarter GDP • UK wage growth matches record high but job market shows signs of cooling • Japan's wholesale inflation slows for 6th straight month • Dollar dives to two-month low, pound scales 15-month peaks on wage growth data