The M2 money stock in Japan was up 1.6 percent on year in October, the Bank of Japan said on Wednesday – coming in at 1,270.1 trillion yen. That was shy of expectations for an increase of 1.8 percent following the downwardly revised 1.5 percent increase in September (originally 1.6 percent). The M3 money stock […]
U.S. markets surged overnight after lawmakers in Washington moved closer to ending the country’s record-breaking government shutdown, boosting risk sentiment across equities and commodities. The Senate’s approval of a bipartisan deal eased fiscal uncertainty and restored momentum to Wall Street, where Nvidia, Palantir, and Broadcom led a powerful rebound in technology and AI-linked stocks. The
Overall bank lending in Japan was up 4.1 percent on year in October, the Bank of Japan said on Tuesday – coming in at 650.798 trillion yen. That beat forecasts for 3.8 percent, which would have been unchanged from the previous month. Excluding trusts, bank lending jumped an annual 4.5 percent to 571.866 trillion yen
Global risk appetite improved markedly today, with strong gains in Asia carrying over into European trading and U.S. futures pointing higher. Investors found renewed confidence amid signs of political progress in Washington, where the Senate approved the first stage of a bipartisan deal to end the monthslong government shutdown. The agreement would fund federal operations
Yen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report and a surprise U.S. trade gesture as signs of stabilizing conditions, prompting flows back into risk assets. China’s October CPI
The average of household spending in Japan was up 1.8 percent on year in September, the Ministry of Internal Affairs and Communications said on Friday – coming in at 303,214 yen. That missed expectations for an increase of 2.5 percent and was down from 1.3 percent in August. On a monthly basis, household spending was
Sterling traded mildly higher following the BoE’s decision to keep interest rates unchanged at 4.00% in a tight 5–4 vote. Overall market reaction was modest as the Pound gained slightly against the Dollar but lacked strong momentum, as traders viewed the decision and accompanying remarks as broadly balanced. At the post-meeting press conference, Governor Andrew
Market sentiment showed further signs of stabilization today, with Asian equities trading higher after a modest rebound on Wall Street overnight. The sharp AI-driven selloff earlier in the week appears to have passed its initial climax. Still, the recovery remains tentative, suggesting that investors are reluctant to rebuild large positions until the broader correction risk
The services sector in Japan continued to expand in October, albeit at a slightly slower pace, the latest survey from Jibun Bank revealed on Thursday with a services PMI score of 53.1. That’s down from 53.3, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Business activity across Japan’s service
The latest ADP private employment report provided a modest dose of reassurance to the Fed, showing that U.S. job growth may be stabilizing after a period of softness. Following the data, Fed funds futures reflected roughly 70% chance of a December rate cut, up slightly from last week but still leaving room for doubt. Markets
Global markets tumbled on Wednesday as a renewed selloff in AI-linked stocks spread from Wall Street to Asia, driving a wave of risk aversion across assets. Nikkei and Kospi each fell nearly 3%, echoing the overnight decline in NASDAQ, which lost more than 2% as investors unwound positions in high-flying technology names. The correction comes
The monetary base in Japan tumbled 7.9 percent on year in October, the Bank of Japan said on Wednesday – coming in at 616.598 trillion yen. That was well shy of expectations for a decline of 4.8 percent following the 6.1 percent drop in September. Banknotes in circulation fell 2.3 percent on year, while coins
Global markets traded with a mild risk-off tone today as investors favored defensive plays. With no major data releases scheduled, sentiment rather than fundamentals set the tone, pushing the Japanese Yen to the top of the performance board while the Australian and New Zealand Dollars lagged. Yen’s strength was also supported by another round of
Australian Dollar traded mildly lower after the RBA left its cash rate unchanged at 3.60%, a move fully expected by markets. The policy hold came with few surprises, and the key takeaway was that the RBA’s updated forecasts signal no further rate cuts this year, reflecting a sharper upward revision in near-term inflation. The decision
The manufacturing sector in Japan continued to contract in October, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 48.2. That missed expectations for 48.3 and was down from 48.5 in September. It also moves further beneath the boom-or-bust line of 50 that separates
Dollar’s rally gained momentum as markets headed into the final U.S. session of both the week and the month, supported by a fresh round of hawkish remarks from Fed officials. After a few days dominated by post-FOMC positioning, the greenback found renewed strength as investors reconsidered the likelihood of another rate cut in December. Kansas
Risk sentiment was mixed across Asian markets today, with Japan and South Korea extending record-breaking rallies while Chinese and Hong Kong stocks to underperformed. Nikkei 225 surged past the 52,000 mark for the first time, driven by strong momentum in the technology sector. Gains were led by heavyweight semiconductor and AI-related firms, buoyed by robust
