Tuesday, 15 October, 2024
National Australia Bank brings forward RBA interest rate cut to February One of the country’s largest bank says that the Reserve Bank will be in a position to offer rate relief to millions of Australians sooner than expected. Matt Bell 2 hours ago The Australian Business Network https://www.theaustralian.com.au/business/economics/national-australia-bank-brings-forward-rba-interest-rate-cut-to-february/news-story/2e05d4f72be232b6911c201194c9d3fc National Australia Bank has brought forward its expectations for the first interest rate cut from the Reserve Bank to February as economic indicators suggest that inflation is […] Read More
Tuesday, 15 October, 2024
Federal Reserve’s Waller calls for more caution on interest rate cuts after ‘disappointing’ data Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcome A strong US economy and mixed inflation data support a more gradual pace of interest rate cuts following a big reduction by the country’s central bank last month, a top official at the Federal Reserve said on Monday. “I view the totality of the data as […] Read More
Monday, 14 October, 2024
Traders are starting to price in US electionrisks to Treasury and volatility markets, according to GoldmanSachs strategists who continue to recommend shorting 10-yearTreasuries versus German counterparts. Citi took profit on along breakevens position, while BMO looks to enter the tradeshould rates fall to more favorable buying levels. For a roundupof views on European rates, click here. * Bank of America (Mark Cabana, Meghan Swiber and others, Oct.11 report)** Maintains dip-buying stance and real steepeners bias, […] Read More
Thursday, 10 October, 2024
10 Oct 2024 12:30:29 – ECB ACCOUNTS: NFLATION WAS EXPECTED TO RISE AGAIN IN THE LATTER PART OF THIS YEAR 10 Oct 2024 12:30:36 – ECB ACCOUNTS: IT WAS THEN EXPECTED TO DECLINE TOWARDS THE TARGET OVER THE SECOND HALF OF NEXT YEAR 10 Oct 2024 12:30:50 – ECB ACCOUNTS: RECENT NEGATIVE SURPRISES IN PMI MANUFACTURING OUTPUT INDICATED POTENTIAL HEADWINDS TO THE NEAR-TERM OUTLOOK 10 Oct 2024 12:31:01 – ECB ACCOUNTS: T THEREFORE NEEDED TO […] Read More
Wednesday, 09 October, 2024
ECB’s Stournaras (FT): Backs two more 25bps rate cuts this year starting next week and another in Dec; likely to be case for further easing in 2025; inflation is falling faster than Sep f/c, perhaps we get to 2% in Q1 ’25; if infla continues the downward path towards the 2 per cent target, why not cut in every meeting? Read More
Wednesday, 09 October, 2024
*VILLEROY: FRENCH BUDGET IS GOING `IN RIGHT DIRECTION’ *VILLEROY: ECB RATE CUT IS VERY PROBABLE, WON’T BE LAST *BANK OF FRANCE GOVERNOR VILLEROY SPEAKS ON FRANCEINFO *ECB’S VILLEROY: FRENCH ECONOMY IS RESILIENT Read More
Tuesday, 08 October, 2024
*ECB’S VASLE: OCT. CUT DOESN’T NECESSARILY MEAN ANOTHER IN DEC. *ECB’S VASLE: INFLATION RISKS ABATING BUT STILL SOME UNCERTAINTY *ECB’S VASLE: INTEREST-RATE CUT IN OCTOBER IS `AN OPTION’ *ECB GOVERNING COUNCIL MEMBER VASLE SPEAKS IN INTERVIEW *ECB’S VASLE: MARKETS AREN’T DICTATING OUR MOVES *ECB’S VASLE: RATES LIKELY TO BE CUT TO NEUTRAL BY END OF 2025 Read More
Friday, 04 October, 2024
US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market By PAUL WISEMAN WASHINGTON (AP) — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support steady hiring and a growing economy. Last month’s hiring gain was up sharply from the 159,000 jobs that were added in August, and the unemployment dropped from 4.2% […] Read More
Thursday, 03 October, 2024
CHIN-EASING – HIGH FREQUENCY DATA – consumer sentiment turning in early reads: early looks on Golden Week consumption trends are positive. Xinhua reported more than 21mln trips were made on China’s railway network on 1st Oct, a single-day record. A further 18.2mln trips took place on 2nd Oct. Local press also said China’s box office revenue topped CNY1bn by 3rd Oct with ticket sales hitting CNY494mln on 1st Oct, up >12% YoY. Restaurant chain Haidilao […] Read More
Thursday, 03 October, 2024
{GB} “In a wide-ranging interview with the Guardian, Bailey held out the prospect of the Bank becoming a “bit more aggressive” in cutting interest rates provided the news on inflation continued to be good.” {GB} *BAILEY SAYS ECONOMY WAS MORE RESILIENT THAN EXPECTED: GUARDIAN *BAILEY SAYS LIVING COST PRESSURES NOT AS PERSISTENT: GUARDIAN *BOE’S BAILEY SAYS WATCHING MIDDLE EAST EVENTS CLOSELY: GUARDIAN *BOE’S BAILEY SEES CHANCE OF MORE AGGRESSIVE RATE CUTS: GUARDIAN https://www.theguardian.com/business/2024/oct/03/its-tragic-bank-of-england-governor-watching-middle-east-crisis-closely Read More
