Daily Market Insight
Daily Market Insight: 25 April 2024
• US new home sales rebound to six-month high; rising mortgage rates a concern • South Korea Q1 GDP growth smashes estimates, but outlook's uncertain • Thailand's $13.5 billion handout aims to boost overall economy, not geared to poor • Dollar to remain FX king until US 'economic exceptionalism' cools
Daily Market Insight: 24 April 2024
• US business activity cools in April; inflation measures mixed • Euro zone business in services-led bounce in April, PMI survey shows • Japan's corporate service inflation perks up in March • Dollar calm ahead of week's key data; euro gains after PMI release
Daily Market Insight: 23 April 2024
• Fed survey cites inflation, US election as key financial stability risks • Japan's March core inflation slows, weak yen complicates BOJ move • China leaves benchmark lending rates unchanged, in line with expectations • Dollar hands back gains after Israeli strike; weekly gains likely
Daily Market Insight: 22 April 2024
• Fed survey cites inflation, US election as key financial stability risks • Japan's March core inflation slows, weak yen complicates BOJ move • China leaves benchmark lending rates unchanged, in line with expectations • Dollar hands back gains after Israeli strike; weekly gains likely
Daily Market Insight: 19 April 2024
• US labor market stays resilient; housing regresses on higher mortgage rates • Japan's March core inflation slows, weak yen complicates BOJ move • BOJ's Ueda signals possible rate hike if weak yen boosts inflation • US dollar gains after strong data, Fed comments on rate cuts
Daily Market Insight: 18 April 2024
• US economic activity expanded slightly in recent weeks • Confirmed euro zone inflation fall bolsters ECB's June rate cut plan • Japan firms business mood slips as weak yen squeezes households • US dollar weakens as market consolidates gains, but uptrend intact
Daily Market Insight: 17 April 2024
• US manufacturing output increases in March; February data revised higher • Euro zone trade surplus surges in Feb • Japan exports grow more than expected in March • Dollar hits 5-month high against euro; yen weakest since 1990
Daily Market Insight: 11 April 2024
• US consumer prices heat up in March; seen delaying Fed rate cut • Fitch cuts China’s outlook to ‘Negative’ on risks from debt, weak growth • Thai central bank holds key rate, defies government calls for cuts • US dollar surges to new 34-year high vs yen after hotter-than-expected inflation data
Daily Market Insight: 10 April 2024
• US small-business sentiment slides to lowest level in more than 11 years • BOJ will scrutinize trend inflation in adjusting monetary support, says Gov Ueda • China's March new yuan loans seen rebounding; more stimulus expected • US dollar flat as investors await inflation data; focus on yen action
Daily Market Insight: 9 April 2024
• Strong US labor market underpins economy in first quarter • Euro zone investor morale hits two-year high in April • Japan's service-sector mood slumps, clouds BOJ rate hike path • Dollar bulls to continue stampede as hawkish Fed speak to boost Treasury yields