Risk appetite was strong in Asian markets today, with several centers returning from Lunar New Year holidays and equities advancing. South Korea led the gains, with the Kospi hitting a fresh record high, driven by strength in technology heavyweights like Samsung Electronics and SK Hynix. Japan’s Nikkei also posted notable gains, although it remains below […]
Malaysia’s consumer price inflation held steady in January after rising in the previous two months, data from the Department of Statistics showed on Thursday. The consumer price index posted an annual increase of 1.6 percent, the same as in December. Core inflation that excludes volatile prices of items for fresh food as well as administered
Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 14,524.06 Indian Rupees (INR) per gram, down compared with the INR 14,568.96 it cost on Wednesday. The price for Gold decreased to INR 169,405.80 per tola from INR 169,929.50 per tola a day earlier. Unit measure
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Three characters are causing a crisis of confidence among back-office staff at UK and European banks, brokers and investment firms: T+1. After laying out a roadmap for next year’s switch to one-working-day trade settlement, regulators and industry execs are haggling over the finer details, and companies are under notice to put their plans in place.
Posting this ICYMI from a Wednesday note from Morgan Stanley. Morgan Stanley says Nvidia is the most under-owned megacap as institutions lag tech benchmarks. Summary: Morgan Stanley says mega-cap tech is the most under-owned in 17 years Nvidia is the most under-owned large-cap tech stock Institutional ownership lags S&P 500 weightings across major megacaps Investors
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in January, the Australian Bureau of Statistics said on Thursday. That was unchanged from the December reading but below expectations for 4.2 percent. The Australian economy added 17,800 jobs last month – shy of forecasts for an increase of 20,000 following the
Reserve Bank of New Zealand’s (RBNZ) new Governor Anna Breman said on Thursday that if the outlook for inflation changes, committee will adjust policy stance to ensure inflation returns to target. Key quotes If the outlook for inflation changes, committee will adjust policy stance to ensure inflation returns to target.Wage growth is modest, we do have
The primary driver for the USD/JPY climb was the Federal Reserve’s cautious stance on rate cuts, which boosted the US Dollar. A massive surge in Japanese exports (16.8% YoY) failed to lift the Yen due to the widening policy gap with the Fed. The pair is at a critical technical juncture, with a sustained close
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This is a day later than normal this week due to the US holiday on Monday. — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companies The official report is due Wednesday morning US time. The two reports are quite different.
Traders just got back on the risk-off schedule after this morning’s turn in narrative regarding the Middle East. Just yesterday, it seemed that communications were heading towards further confidence in a Nuclear deal between the US and Iran. But as was expressed by US Secretary of State Marco Rubio, “It’s been very difficult for anyone
The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing that officials remain divided about the outlook for interest rates. The minutes of the Fed’s January 27-28 meeting said several participants felt further rate cuts would likely be appropriate if inflation were to decline in line with their expectations. However,
Standard Chartered’s Madhur Jha and Ethan Lester highlight that around 80% of global trade moves via sea routes, with Asia, and particularly China, increasingly dominant in port rankings and liner shipping connectivity. They note that enhanced Chinese connectivity and rising intra-EM trade are reshaping global logistics, relative terms of trade, current account performance and supply-chain
Gold (XAU/USD) has breached $5000/oz, challenging the consensus that its recent rally was a “dead cat bounce.” While the long-term trend is bullish, the short-term view is neutral-to-bearish, with a key upside breakout level at 5046. A barrage of US data and geopolitical risk ahead this week could be a key driver for Gold prices.
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Prior was +0.4% Capacity utilization 76.2% vs 76.5% expected Manufacturing output +0.6% vs +0.4% expected The Federal Reserve’s industrial production data for the fall was complicated by delayed releases stemming from the government shutdown, with October and November figures published jointly on December 23 and December data following on January 16. Despite the reporting disruptions,
