China picked up the torch this morning with the publication of national inflation data. In December, the consumer price index rose from 1.6% to 1.8% y/y. Producer prices, an important leading indicator for national and Read more…
WTI price rises further in European session on Thursday, in extension of 4% rally on Wednesday (the biggest one-day gain since Nov). Improved sentiment on growing optimism about global demand following China’s economy reopening after Read more…
The Japanese yen has awoken from this week’s slumber and is sharply higher on Thursday. In the European session, USD/JPY is trading at 130.96, down 1.16%. BOJ may be planning review of policy The BOJ Read more…
“Moving into first quarter 2023, as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued end market demand softness,’ said CFO Wendell Huang. Taiwan Semiconductor Manufacturing Co. (TSM) – Read more…
“My goal is to work collaboratively with Bob Iger and other directors to take decisive action that will result in improved operations and financial performance,” said billionaire investor Nelson Peltz. Walt Disney (DIS) – Get Read more…
In ECB’s November Consumer Expectations Survey, mean inflation expectations for the 12 months ahead dropped back to 7.3%, comparing to October’s 8.1% and September’s 7.3%. Median inflation expectations for the 12 months ahead dropped to Read more…
Stock futures slip ahead of key inflation data; core prices in focus as December CPI may show headline decline; Disney shares jump as Nelson Peltz pushes for board seat; TSMC higher on record Q4 profits, Read more…
In the monthly Economic Bulletin, ECB said, “evidence from surveys and markets shows that forecasters continue to expect inflation to peak soon, with longer-term expectations remaining at around the ECB 2.0% target.” Still, “close monitoring Read more…
USDCHF is making another attempt at breaking above the 0.9300 level and the 20-day exponential moving average (EMA) after Wednesday’s quick bounce on the 0.9200 floor. The pair avoided a drop towards the lower boundary Read more…
The DXY index chart shows the end of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. Thus, the market may currently be at the Read more…