Daily Market Insight
Daily Market Insight: 27 August 2024
• US business spending on equipment cooled in July • Fed's Daly reiterated that it's time to adjust policy • German business sentiment drops in August, delaying recovery • Dollar attempts to recoup from an eight-month low
Daily Market Insight: 26 August 2024
• Fed's Powell says it's time to cut rates • BOJ’s Ueda hints at rate hikes if growth and inflation stay on track • US new home sales rise to highest level in more than a year • ECB survey indicates Euro zone consumers' inflation expectations remain stable • Dollar falls after Powell approves September rate cuts
Daily Market Insight: 23 August 2024
• U.S. business activity declines slightly • US jobless benefits edged up slightly last week • Eurozone business activity in August was unexpectedly robust • Japan's core CPI rose as expected in July, but underlying inflation was weak • Dollar rebounds against euro before Powell speech
Daily Market Insight: 22 August 2024
• Fed steaming toward September rate cut, minutes from previous meeting show • Payrolls sharply revised down by 818,000 • Japan manufacturing PMI lags in August, services strong • Thai central bank maintains key rate, awaits stimulus details • Dollar falls after job revisions, with some Fed officials favoring a July rate cut
Daily Market Insight: 21 August 2024
• Fed's Bowman cautious on rate cuts amid inflation risks • Japan's exports soar, signaling economic recovery • Canada's inflation fell to a 40-month low of 2.5% in July • Taiwan’s July export orders surpassed forecasts on AI chip demand • Dollar hits 7-month low before Powell
Daily Market Insight: 20 August 2024
• Kashkari says it's time to consider a September rate cut • China holds key lending rates steady, as expected • Thailand's Q2 GDP surpassed forecasts, but policy uncertainty dims the outlook • Dollar hits 7-month low, yen gains as traders wait on Jackson Hole
Daily Market Insight: 19 August 2024
• US consumer sentiment rose in August, with steady inflation expectations • Hurricane Beryl and oversupply impact U.S. single-family homebuilding • Fed’s Goolsbee raises employment concerns • Dollar gives up some gains as Jackson Hole approaches
Daily Market Insight: 16 August 2024
• US retail sales rise more than expected in July • US jobless claims fall for a second week to lowest since July • UK economy sustains growth with boost from services • China's home-price slump deepens to new 9-year low despite stimulus • Dollar strengthens as US data alleviates recession concerns
Daily Market Insight: 15 August 2024
• U.S. inflation's smaller-than-expected July rise boosts chances for a September rate cut • UK inflation rises less than expected, fueling rate cut speculation • Japan's economy surged in Q2 due to a rise in consumption • Dollar softens against euro as inflation data shows cooling
Daily Market Insight: 14 August 2024
• US producer prices rise less than expected in July • German investor morale tumbles in August • China new loans drop more than expected in July on weak demand • Dollar drops as markets await US inflation data