Daily Market Insight
Daily Market Insight: 22 March 2024
• US business activity stable in March; inflation picks up • Euro zone business activity close to stabilizing in March, PMI survey shows • Japan CPI rises as expected in Feb, stays well above BOJ target • Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut
Daily Market Insight: 21 March 2024
• Fed keeps rates steady, still sees three rate cuts this year • BOJ chief vows to support economy with monetary stimulus • Japan manufacturing activity improves in March, services strong • Dollar weakens after Fed meeting, yen strengthens
Daily Market Insight: 20 March 2024
• BOJ joins a rate-hike party that other big central banks have left • US single-family housing starts, permits near two-year highs • German investor morale improved more than expected in March • Yen falls in defiance of historic BOJ shift; dollar firm
Daily Market Insight: 19 March 2024
• US factory production rebounds from weather-induced slump • Japan core machinery orders fall more than expected, fuel economic uncertainty • China's upbeat industrial output, retail sales tempered by frail property • Dollar up, yen steady as BOJ policy shift looms
Daily Market Insight: 18 March 2024
• US consumer sentiment, inflation expectations stable in March • Chinese industrial production surges in Jan-Feb, but unemployment rises • China's Jan-Feb property investment declines narrow • US dollar poised for biggest weekly gain since mid-January; yen falls ahead of BOJ
Daily Market Insight: 15 March 2024
• US business inventories unchanged in January • China house prices fall at a faster pace in Feb • China central bank leaves key policy rate unchanged, as expected • Dollar gains ahead of PPI release; euro seeks ECB clues
Daily Market Insight: 14 March 2024
• European banks' bumpy recovery a year after Credit Suisse collapse • Toyota agrees to biggest wage hike in 25 years, paves way for BOJ shift • Thai industrial sentiment falls slightly in February on slower domestic demand, exports • Dollar steady after strong CPI; GBP treads water with data dump in focus
Daily Market Insight: 13 March 2024
• US inflation rises 3.2% in February, faster than estimates • US February budget deficit climbs on interest costs, tax refunds • BOJ to offer guidance on bond buying pace upon ending YCC • Asia FX muted as dollar steadies before CPI data; Yen retreats
Daily Market Insight: 12 March 2024
• JPMorgan's Dimon urges US Fed to wait past June before cutting rates • BOJ chief Ueda slightly tones down optimism on economy • Japan PPI inflation up more than expected in Feb, furthers BOJ pivot bets • Dollar ends week under pressure as data keeps rate cut hopes alive
Daily Market Insight: 11 March 2024
• US labor market cooling; unemployment rate rises to two-year high of 3.9% • Japan GDP revised higher for Q4, economy ducks recession • China's consumer prices swing up on seasonal Lunar New Year gains • Dollar ends week under pressure as data keeps rate cut hopes alive