December Manufacturing PMI drops from November and comes in not as strong as expected at 50.1 expected 50.3, prior 50.3 Non-Manufacturing PMI more than makes up for it, jumping well over November and the median estimate to 52.2 expected 50.2, prior 50.0 Composite 52.2 *** I posted earlier the background to these December results, over […]
Author Archives: gtiqy
31
Dec
Dec
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]
31
Dec
Dec
South Korean inflation data for December 2024 Headline CPI +1.9% y/y, the most rapid rise in 4 months but below the central bank’s 2% target expected +1.7%, prior +1.5% Headline CPI +0.4% m/m expected +0.2%, prior -0.3% Core +1.8% y/y For the year 2024 inflation came in at +2.3% y/y *** Overall, South Korea has […]
31
Dec
Dec
The New York Stock Exchange and Nasdaq will close on January 9 to observe the national day of morning for former US President Jimmy Carter, who died yesterday. This follows the normal tradition of stock markets closing for the funerals of former Presidents. It came as something of a surprise that the bond market will […]
31
Dec
Dec
A dark day is looming. Some time in the coming week, US President Joe Biden will reject a $14.9 billion takeover of US Steel by Nippon Steel on unconscionably shaky grounds. It will mark the end of the era of American free-market capitalism that has brought so much prosperity to the United States and the […]
31
Dec
Dec
One of the global secular trends unfolding right now is an anti-immigration streak in politics. It’s winning elections and that looks set to continue in Germany and Canada in 2025, among elsewhere. For the US, Goldman Sachs notes that net US immigration has already fallen from 3 million in 2023 to a 1.75 million pace […]
31
Dec
Dec
Prior was -2.7 Production +3.9 vs -0.9 prior New orders -0.9 vs -11.9 prior Capex +11.2 vs +7.8 prior Employment +0.3 vs +4.9 prior Outlook +8.0 vs +5.8 prior This article was written by Adam Button at www.forexlive.com. Source link
30
Dec
Dec
The polar vortex is pushing south and east in what could be a record-breaking cold snap in parts of the United States. Several models are converging around cold weather in the eastern half of the US in the second week of January. The peak of the cold looks to be around January 12 but some […]
30
Dec
Dec
FOMC 2025: The Key Players and Hidden Signals Every Investor Needs to Know As the Federal Reserve prepares for a critical year of decision-making, the 2025 Federal Open Market Committee (FOMC) lineup has the potential to shape markets in significant ways. A mix of fresh perspectives and steady voices raises both questions and opportunities for […]
30
Dec
Dec
Well, you definitely won’t hear central bankers admitting or acknowledging it. However, you’ll most certainly hear plenty of whispers or even loud conversations in the background on this. The UK looks to be leading the stagflation charge but there are other major economies also staring down the same path. Germany and Australia are among the […]