The second estimate of second quarter real GDP growth was revised up 0.2 percentage points (pp) to 3.0% quarter-over-quarter annualized (q/q) – slightly above the consensus forecast. Looking under the hood, an upward revision to consumer spending (2.9% q/q vs. prior 2.3% q/q) was largely responsible for last quarter’s upgrade. Spending on both goods (3.0% […]
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China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…