Overall, the development in the financial markets are rather mixed for now, still awaiting further development in Taiwan Strait tensions. Yen’s rally was somewhat choked by the recovery in US benchmark yields overnight. Dollar is Read more…
Some Michigan counties can’t immediately report Tuesday night’s election results due to a confusing mix of federal vote reporting guidance and AT&T’s decision to retire its 3G networks this past February. In a website alert, Read more…
China Caixin PMI Services rose from 54.5 to 55.5 in July, above expectation of 54.0. That’s the highest level since April 2021. PMI Composite dropped from 55.3 to 54.0. Wang Zhe, Senior Economist at Caixin Read more…
New Zealand employment was essentially flat in Q2, below expectation of 0.4% rise. Unemployment rate ticked up from 3.2% to 3.3%, against expectation a fall to 3.1%. Labor force participation rate dropped -0.1% to 70.8%. Read more…
Australia AiG Performance of Construction Index dropped -0.9 to 45.3 in July. Activity dropped -3.5 to 42.7. Employment rose 2.2 to 53.0. New orders dropped -2.7 to 43.1. Supplier deliveries rose 3.2 to 42.2. Input Read more…
St. Louis Fed President James Bullard said yesterday that inflation has “come in hotter” than he expected during Q2. Thus, “I think we’re going to have to go a little bit higher than what I said Read more…
Cleveland Fed President Loretta Mester said in a Washington Post interview yesterday, “I don’t believe we’re in a recession… We don’t have a slowdown in labor markets, and that’s two key factors that go into Read more…
The SNB has already given warnings that it could take monetary policy action between Last week, the Swiss National Bank (SNB) sent a message to the markets. The central bank said that it may take Read more…
Key Highlights Gold price gained momentum after it broke the $1,740 resistance. It surpassed a key bearish trend line with resistance near $1,755 on the 4-hours chart. EUR/USD is still struggling to clear the key Read more…
The New Zealand labour market remains extremely tight. While the unemployment rate rose slightly to 3.3%, the other details point to major capacity constraints and intensifying pressure on wages. Key results Unemployment: 3.3% (Prev: 3.2%, Read more…